Photo courtesy Terraton.
PBI Chair Ellen Brown explains in a recent Truthdig article that partnering with nature provides a much cheaper and faster way to sequester carbon from the atmosphere than relying on corporate giants to transition us to 100% renewables. A truly public Federal Reserve can provide the liquidity needed to shift farmers to healthy, planet-cooling regenerative agriculture. Ellen writes:
“David Perry, [President and CEO of Indigo Agriculture] observes that before farmland was cultivated, it had soil carbon levels of from 3% to 7%. Today, those levels are roughly 1% carbon. If every acre of farmland globally were returned to a soil carbon level of just 3%, 1 trillion tons of carbon dioxide would be removed from the atmosphere and stored in the soil – equal to the amount of carbon that has been drawn into the atmosphere since the dawn of the Industrial Revolution 200 years ago. The size of the potential solution matches the size of the problem.”
“Farmers are locked into a system that is destroying their farmlands and the planet, because a handful of giant agribusinesses have captured Congress and the regulators. One proposed solution is to transfer the $20 billion in subsidies that now go mainly to Big Ag into a fund to compensate small farmers who transition to regenerative practices. … Granted, $20 billion is unlikely to be enough to finance the critically needed transition from destructive to regenerative agriculture, but Congress can supplement this fund by tapping the deep pocket of the central bank. …
“The bottom line is that saving the planet from environmental destruction is not only achievable, but that by focusing on regenerative agriculture and tapping up the central bank for funding, the climate crisis can be addressed without raising taxes and while restoring our collective health.”