Summer 2021 Financial Partner

Page 10

WASHINGTON’S APPROACH TO CLIMATE POLICY FOR AGRICULTURE –

CARROT, STICK OR BOTH? Climate change is front and center

Combatting climate change

on policymakers’ agendas both with

was a major campaign theme

the Biden Administration and the 117

for President Biden and the

Congress. As highlighted in this issue’s

the 2020 election primary.

th

cover story, Northeast farm, forest

other Democrats he faced in On Inauguration Day, the Biden Administration issued

products and fishing businesses are

two broad executive orders on

using a variety of new and existing

issued a week later, followed by

climate change. Another was

strategies to reduce their carbon

subsequent orders establishing a climate change support office

footprint and protect the environment.

Biden Administration’s actions are putting

and one on climate-based financial risk.

a framework in place to address climate

The question for Northeast

The January 27 order, “Executive Order

change across the federal government.

on Tackling the Climate Crisis at Home

High profile appointments, such as former

producers is how public policy will

and Abroad,” contained directives for

Secretary of State and Massachusetts

federal agencies to develop climate change

impact their conservation efforts and

Senator John Kerry as Special Presidential

strategies. The USDA released its strategy

Envoy for Climate and former

on May 25, characterized as focusing on

Environmental Protection Agency head

“measuring the impact of climate-friendly

Gina McCarthy as National Climate Advisor,

climate change goals, will Congress and

practices, taking steps to facilitate private

underscore this commitment. Also of

markets and ensuring all farmers can

the Administration focus on voluntary

note are the many climate-focused budget

benefit financially from addressing climate

requests in the President’s 2021-22 budget.

their operations generally. To achieve

incentives, regulatory compliance, or some combination of both? 10

BIDEN ADMINISTRATION

FINANCIAL PARTNER

change,” according to Agri-Pulse’s Philip Brasher. While there have been few tangible policy initiatives since taking office, the

A key question moving forward is how much of its climate change strategy the Biden Administration can achieve


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