Funded by the Illinois Soybean Association checkoff program.
GLOSSARY OF TERMS
A foundational principal of carbon markets. Greenhouse gas (GHG) emissions are additional if they would not have occurred in absence of a market that offered credits. If the carbon would have been sequestered anyway, without an opportunity for a credit to be produced, they are not considered additional.
Carbon market generally refers to an economic framework that supports buying and selling of environmental commodities that signify emission reductions or sequestration.
To offset more carbon than you contribute to the environment through carbon capture, sequestration, or avoidance.
Making no net release of carbon dioxide to the atmosphere, especially through offsetting emissions.
An instrument representing the reduction, avoidance, or sequestration of one metric tonne of Carbon Dioxide (CO2) or greenhouse gas (GHG) equivalent.
The CarbOn Management Evaluation Tool (COMET) is an online management tool that provides a simple and reliable method for estimating changes in soil carbon sequestration, fuel, and fertilizer use resulting from changes in land management. COMET calculates in real time the annual carbon flux using a dynamic Century model simulation.
Many farmers who have utilized conservation practices on their land for years prior to establishment of carbon or ecosystem markets have questions about receiving credit for carbon offsets or other ecosystem services provided during that time. This is often referred to as a “lookback” credit.
The concept, or term, of permanence refers to the level of stability of stored carbon and potential risk associated with reversal or loss of GHG emissions back to the atmosphere. CO2 credit buyers, markets, and registries want to ensure that their investment in carbon offsets is keeping CO2 out of the atmosphere permanently.
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The Illinois Soybean Association (ISA) checkoff and membership programs represent more than 43,000 soybean farmers in Illinois. The checkoff funds market development and utilization efforts while the membership program supports the government relations interests of Illinois soybean farmers at the local, state, and national level, through the Illinois Soybean Growers (ISG). ISA upholds the interests of Illinois soybean producers through promotion, advocacy, and education with the vision of becoming a market leader in sustainable soybean production and profitability.