Farmers Own the Carbon in their Forests
IFA Farm Forestry Chairman Vincent Nally said that IFA would challenge any move by the Minister for Agriculture Charlie McConalogue to claim ownership of the carbon sequestered in forests owned by farmers.
“There is no reference in the terms and conditions of the afforestation scheme that gives the State the right to claim ownership of the carbon sequestered in our forests,” he said.
He said IFA has sought legal advice on the ownership of the carbon rights and will challenge any attempt by the Government to interfere with a farmer’s rights to sell carbon removals and reductions from their forest to a voluntary carbon market
He said forest premium is paid to compensate farmers for the income foregone while the trees are growing. This does not give the State the right to claim ownership of the carbon sequestered.
“The rationale used by the Minister is that the State paid the forest premiums, so it now owns the carbon. This just doesn’t stack up. Using this logic, next he will be trying to claim ownership of the timber growing in our forests,” said Mr. Nally.
He said that while there are no domestic carbon standards to enable voluntary carbon markets to function at the moment, there is significant interest among farmers to set up such a market and realise the value of the carbon stored in their forests.
He said the Minister needs to clarify his comments and reassure farmers that they do in fact own the carbon in their forests.