Terra Global Recognized as an Innovator at ACR Annual Gala
Terra Global was honored with one of three Innovation awards at ACRs annual gala reception to recognize and thank its members and partners. ACR Director John Kadyszewski welcomed guests and presented highlights from the year. He described the awards to be presented to recognize outstanding environmental achievements including the individual Climate Leadership award, as well as corporate awards based on ACR’s guiding principles of innovation, quality and excellence.
The Innovation award went to three entities that have each pioneered the development of first-of-a-kind carbon offset projects in the agriculture sector: Terra Global Capital, Ducks Unlimited and the Delta Institute. All three awardees are piloting offset projects under USDA’s Conservation Innovation Grant program, which aims to stimulate the adoption of innovative approaches to environmental stewardship in the agriculture sector. The projects all mark important milestones in broadening the opportunities for farmers and landowners to participate in carbon markets, incentivizing adoption of voluntary actions to reduce emissions.
Terra Global Capital was recognized with the Innovation award for the development of a 5,000 acre rice management project in California’s Sacramento Valley, recently listed on ACR, and based on the ACR methodology for Emissions Reductions in Rice Management systems developed by Terra Global. Rice cultivation is the third largest source of methane emissions in the U.S. agriculture sector, and the top two rice producing states, Arkansas and California, are responsible for over half of U.S. greenhouse gas (GHG) emissions from rice production. Participating farmers in this first rice project will implement voluntary management practices on their fields to reduce methane emissions, earning carbon credits to be sold in the voluntary and potentially the California carbon markets.
“We are honored to be recognized by ACR for this important first step of operationalizing U.S. agricultural GHG offsets. This would not be possible without the support of the participating growers and from our funders and partners including EDF, California Rice Commission, and Applied Geosolutions”, said Leslie Durschinger, Founder, Managing Director Terra Global Capital.