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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Lopez
Task Force to Study Carbon Sequestration (language only)

Item 373 #2h

Item 373 #2h

Natural and Historic Resources
Secretary of Natural and Historic Resources

Language

Page 402, after line 39, insert:

"D.1. The Secretary of Natural and Historic Resources and the Secretary of Agriculture and Forestry shall convene a task force to study carbon sequestration in the Commonwealth. The task force shall be composed of the Director of the Department of Environmental Quality (DEQ) or designee; the Director of the Department of Conservation and Recreation or designee; the Commissioner of the Department of Agriculture and Consumer Services or designee; the Director of the Department of Wildlife Resources or designee; the Virginia State Forester; the Marine Resources Commission or designee; technical experts from the Virginia Polytechnic Institute and State University, the Virginia Institute of Marine Sciences, and Virginia State University; a representative from each of the Virginia Farm Bureau, the Virginia Association of Soil and Water Conservation Districts, the Virginia Cooperative Extension, the Chesapeake Bay Foundation, The Nature Conservancy and other conservation organizations; and other technical experts as needed. The Secretaries shall serve as co-Chairs of the Task Force.

2. The Task Force shall (a) consider possible methods of increasing carbon sequestration within the natural environment through state land and marine resources use policies; agricultural, aquacultural, and silvicultural practices; and other practices to achieve natural resources restoration and long term conservation; (b) recommend short- and long-term benchmarks for increasing carbon sequestration; (c) develop a transparent, science-based, standardized methodology to establish baseline carbon sequestration levels and to account for changes to carbon sequestration levels over time; (d) evaluate existing carbon markets and considerations relevant to potential participation by the Commonwealth; and (d) identify potential funding mechanisms to encourage accountable carbon sequestration practices within Virginia.

3. The Task Force shall, before the first day of the 2023 Session of the General Assembly, submit a report of its findings to the Chairs of the House Committee on Agriculture, Chesapeake and Natural Resources and the Senate Committee on Agriculture, Conservation and Natural Resources."



Explanation

(This amendment requires the Secretaries of Natural and Historic Resources and Agriculture and Forestry to convene a task force to study carbon sequestration in the Commonwealth.)