13. The Solution? A carbon offset program set up with a local farmer using the Chicago Climate Exchange as a model .
14. Chicago Climate Exchange (CCX) Trades carbon credits through agricultural sequestration practices through a well designed and carefully orchestrated trading system to carbon emitters, such as power plants, private industry, etc.
15. How? 0.6 metric tons of carbon will be sequestered per acre by leaving crop residue on the ground. So, farmers may generate carbon credits by practicing no-till farming.
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17. Carbon Credits? Currently, CO 2 equivalent carbon credits on the Chicago Climate Exchange (CCX) are valued at $2.21 per metric ton of CO 2 .
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19. However!!! In standard mitigation practices, one to one offsets are rarely accepted as adequate. To achieve demonstrable, positive environmental benefits typically at least a two to one offset is required. This is what Eco-Crew proposes as a basic operational premise for STOCARB. This two to one offset would require 133.2 metrics tons of carbon credit to be purchased for $294.38, approximately $3 per member of the touring group.
20. The Players Erin Fulton (St. Olaf ‘09) Master's of Environmental Management (Class of 2011) Nicholas School of the Environment at Duke University Dave Legvold Local Northfield farmer and driver of the St. Olaf Band Truck The St. Olaf Band ‘08-’09
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