The Biden administration’s ambitious plan to create a multibillion-dollar bank to help pay farmers to capture carbon from the atmosphere is running into surprising skepticism,challenging Agriculture Department officials to persuade the industry to get behind the massive climate proposal. Arguably one of the federal government’s most ambitious attemptsto combat climate change, the concept aims to use market forces to produce sharp reductions in the human-made emissions that are the primary cause of global warming. But while the idea is popular with some sectors of the environmental movement that see it as a sign of the seriousness of Biden’s commitment to tackle global warming, it’s facing doubts from both the right and left flanks of the agriculture lobby.
By Zack Colman, Liz Crampton, and Helena Bottemiller Evich. Politico. March 30, 2021.