H.R.2880 - Buy American Carbon Incentives Program Act of 2009111th Congress (2009-2010)
Summary: H.R.2880 — 111th Congress (2009-2010)
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.