Carbon Deposits—Using Soil and Blockchains to Achieve Net-Zero Emissions
Edward Dodge, Technology Consultant, Ithaca, NY, United States
Abstract
The carbon deposit is an innovative form of carbon finance that leverages the power of soils to absorb most of the world’s anthropogenic carbon emissions. In the carbon-deposit system, farmers are paid to practice regenerative agriculture that sequesters carbon in healthy soil using the funds raised from a carbon tax. Blockchains are used to provide the accounting for the system by tracking each ton of carbon from its emissions source to its soil sink. The carbon-deposit system combines an American carbon tax proposal with the French Ministry of Agriculture’s “4 per 1000” project to promote ...
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