Good Day BIO: Making carbon markets work

September 24, 2021
The House Agriculture Committee held a hearing on voluntary carbon markets yesterday—here’s what witnesses said about how we can ensure these markets work for farmers and the planet. And we bring you resources for a few health awareness days/months in September and…
BIO

The House Agriculture Committee held a hearing on voluntary carbon markets yesterday—here’s what witnesses said about how we can ensure these markets work for farmers and the planet. And we bring you resources for a few health awareness days/months in September and explain why patient advocacy and visibility is so important. (821 words, 4 minutes, 6 seconds)

 

How can we ensure voluntary carbon markets work?

 
 

The House Agriculture Committee held a hearing on voluntary carbon markets yesterday—here’s what we said about how biotech infrastructure can ensure their success. 

“To meet the challenge of climate change, it is crucial to lead with science and U.S. innovation,” BIO said in testimony submitted to the House Agriculture Committee. This requires incentivizing “the adoption of innovative, sustainable technologies and practices.” 

Voluntary carbon markets can enable agriculture to be part of the solution—they “will create market pull incentives” for investment and use of technologies like carbon sequestration, precision plant breeding, and enhanced animal feed that can reduce emissions in livestock, to name a few. 

“To ensure voluntary carbon markets can be successful, the government should establish the infrastructure to measure and verify those carbon sequestrations at the local farm level,” BIO continued. “Furthermore, farmers need assistance in understanding and accessing the current voluntary and compliance markets for these credits.”

This is why we need the Growing Climate Solutions Act (GCSA), which would create a certification program at USDA and provide farmers with technical resources to participate in markets. The bill passed the Senate in June; now, it’s up to the House.

“What’s the downside?” asked Rep. Don Bacon (R-NE), who cosponsored GCSA in the House with Rep. Abigail Spanberger (D-VA)

“The downside in this space is that we don’t act”—that we’re not providing the standards, measurement, and technical assistance farmers need, said Callie Eideberg, Director of Government Relations for the Environmental Defense Fund (EDF). 

“There are currently a variety of different options that farmers have to generate carbon credits,” added Leo Bastos, SVP and Head of Global Commercial Ecosystems at BIO member Bayer. “It’s really important that they understand that the credits and the programs that they use are going to generate high-value, real carbon credits that…have value in the market and help solve the climate crisis.” (Watch the exchange starting at 2:43:00.) 

BIO and EDF are part of the Food and Agriculture Climate Alliance (FACA), a coalition of nearly 80 organizations that have called for passage of the Growing Climate Solutions ActIn addition to FACA, BIO and several of its member companies including Aequor, Bayer, Benson Hill, Inc., Boehringer Ingleheim Animal Health, Cargill, and Corteva are part of the 175+ agricultural and environmental organizations who endorsed this legislation when it was introduced earlier this year.


More Agriculture and Environment News:

Reuters: Biden administration mulls big cuts to biofuel mandates
"Biden's Environmental Protection Agency, which administers the nation's biofuel policy, would reduce blending mandates for 2020 and 2021 to about 17.1 billion gallons and 18.6 billion gallons, respectively, the document showed. That would be lower than a level of 20.1 billion gallons that had been finalized for 2020 before the coronavirus pandemic."

 
 
 
Twitter
 
LinkedIn
 
Facebook
 
 

Raising awareness of patients we serve—in September and all year long

 
 

September is packed with health and patient awareness days and months—here are just a few you should know about and why patient advocacy matters in biotech research.

Today is FH Awareness Day. Familial hypercholesterolemia (FH) is a genetic condition that causes high cholesterol in 30 million people worldwide, according to The FH Foundation—join their Twitter chat today at 1:30 PM ET

It’s part of Cholesterol Education Month, to ensure people understand risk factors and warning signs of high cholesterol—which causes 1 in 5 heart attacks in people under 45. 

It’s also Prostate Cancer Awareness Month—the most commonly diagnosed cancer in men but “99% survivable if caught before it progresses, so early detection and access to quality healthcare are key,” says ZERO, a group targeting zero prostate cancer deaths. 

Even so, prostate cancer is the second-leading cause of cancer death among American men—and major disparities exist.Black men are 1.8 times more likely to be diagnosed with prostate cancer and 2.2 times more likely to die from the disease,” so they should be talking to their doctors as early as age 40, ZERO says.

ZERO’s Racial Disparities Task Force is addressing the issue during an online town hall on September 30—join here.

Read: Cancer deaths are down—but inequity remains 

How can we better communicate important health information? The National Health Council is kicking off Health Literacy Month with a webinar series (starting today!) on improving advocacy and scientific communications—get the details and register.

Patient advocacy and visibility is key in biotech research. BIO and its members are committed to developing innovative medicines to fight and cure disease and improve the lives of patients—patients like Vincenzo Piscopo, President and CEO of United Spinal Association:

 
I am BIO: Meet Vincenzo
 

“When people with disabilities are included, we people with disabilities win. Our corporations win. The government wins. Everybody wins—and we make our world a better world,” he says. 

Watch Vincenzo tell his story at I am BIO. 

Learn more about BIO’s commitment to patient advocacy and visibility. 

P.S. September’s Sickle Cell Awareness Month, too—stay tuned for an exclusive next week on progress and work left to do.


More Health Care News:

Novavax: Novavax and Serum Institute of India Announce Submission to World Health Organization for Emergency Use Listing of Novavax' COVID-19 Vaccine
"Today's submission of our protein-based COVID-19 vaccine to WHO for emergency use listing is a significant step on the path to accelerating access and more equitable distribution to countries in great need around the world," said Stanley C. Erck, President and CEO of Novavax. 

 
Twitter
 
LinkedIn
 
Facebook
 
 
Dr. Helen Rodríguez-Trías.jpg
 
 

Dr. Helen Rodríguez-Trías was a leading public health advocate for children from disadvantaged socioeconomic backgrounds in New York City. She also pioneered the standards of care that became the nationwide model for HIV/AIDS treatment. She was the first Hispanic woman to lead the American Public Health Association

Meet more Hispanic and Latinx scientists and innovators you should know.

 
 
 
Twitter
 
LinkedIn
 
Facebook
 
 
BIO Beltway Report
BIO Beltway Report
 
Paragraph (sm) - Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Quis ipsum suspendisse ultrices gravida. Risus commodo viverra maecenas accumsan lacus vel facilisis sample link.
 

President Biden’s Friday: Bilateral and group meetings today with Prime Minister of India Narendra Modi, Prime Minister of Australia Scott Morrison, and Prime Minister of Japan Suga Yoshihide. The White House COVID-19 Response Team will hold a briefing at 2 PM ET. Secretary of Homeland Security Alejandro Mayorkas will join a press briefing at 4:10 PM ET.

What’s Happening on Capitol Hill: The House Budget Committee is planning to work on the reconciliation markup through the weekend.

 
 
Paragraph (normal) - Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Quis ipsum suspendisse ultrices gravida. Risus commodo viverra maecenas accumsan lacus sample link.
 
Twitter
 
LinkedIn
 
Facebook