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Carbon Farming - A Modern Business Model For Sustainable Agriculture

Author

Listed:
  • Damyan Kirechev

    (University of Economics - Varna)

Abstract

The agricultural sector is seen by the European Commission as key to achieving a climate-neutral economy because of its carbon sequestration capabilities. In 2021, the Commission will publish results on carbon farming, in the context of the Green Deal commitments to reduce greenhouse gases and achieve carbon neutrality by 2050. The need to stimulate countries to scale up carbon farming practices is crucial. Five key areas are analyzed as the basis for a carbon-based agriculture scheme. The benefits of carbon farming can be on a number of fronts, but most notably producing more food with less pollution, while preserving the soil and sequestering carbon.

Suggested Citation

  • Damyan Kirechev, 2021. "Carbon Farming - A Modern Business Model For Sustainable Agriculture," AGRIBUSINESS AND RURAL AREAS - ECONOMY, INNOVATION AND GROWTH 2021 CONFERENCE PROCEEDINGS, University publishing house "Science and Economics", University of Economics - Varna, issue 1, pages 315-324, June.
    • Handle: RePEc:vra:pr2106:y:2021:i:1:p:315-324
    DOI: 10.36997/ARA2021.315
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    File URL: http://conference.ue-varna.bg/Department-of-Agricultural-Economics/ARA2021/315-324.pdf
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    More about this item

    Keywords

    carbon farming; greenhouse gases; soil organic carbon; Green Deal; climate change;
    All these keywords.

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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