H.R.2880 - Buy American Carbon Incentives Program Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Pingree, Chellie [D-ME-1] (Introduced 06/15/2009)|
|Committees:||House - Agriculture; Energy and Commerce|
|Latest Action:||06/22/2010 Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.|
This bill has the status Introduced
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Subject — Policy Area:
- Environmental Protection
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Summary: H.R.2880 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (06/15/2009)
Buy American Carbon Incentives Program Act of 2009 - Directs the Secretary of Agriculture to: (1) establish a carbon incentives program to achieve supplemental greenhouse gas emissions reductions on private agricultural and forestland; (2) provide financial incentive payments for activities that increase carbon sequestration and storage over a designated contract period, and maintain carbon sequestration and storage and avoid future emissions through permanent avoided conversion agreements; and (3) establish monitoring and compliance protocols.
Requires participating owners to enter into a climate mitigation contract with the Secretary.
Obligates specified funds for further incentives for activities and agreements that protect carbon reductions and otherwise enhance environmental benefits achieved under a climate mitigation contract.