Just watched the latest Harry's Farm episode on YouTube, and he said that miscanthus sequests nearly 30t of carbon per ha per annum.
So based on some of these carbon offset exchanges that have sprung up and pay between £30 and £40 a tonne a year of carbon sequested, isn't that nearly £900 a hectare? On top of that the actual miscanthus will come to around a further £900 a hectare from the sale of the crop?
Have I understood this correctly?
If so, it sounds as though growing crops for carbon could be more worthwhile than growing crops for food?
Or will this help lift food prices up?
Or will the carbon broker exchanges drive our sequestration payments down to match margins of food crops?
So based on some of these carbon offset exchanges that have sprung up and pay between £30 and £40 a tonne a year of carbon sequested, isn't that nearly £900 a hectare? On top of that the actual miscanthus will come to around a further £900 a hectare from the sale of the crop?
Have I understood this correctly?
If so, it sounds as though growing crops for carbon could be more worthwhile than growing crops for food?
Or will this help lift food prices up?
Or will the carbon broker exchanges drive our sequestration payments down to match margins of food crops?