The biofixation part of the program deals mostly with mitigation of climate change through fixation of carbons via carbon sequestration and also through the fixation of nitrogen by biological means, and thereby decreasing the use of chemical fertilizers that produce greenhouse gases.

Emerging uses and flexibilities that we see are for carbon sequestration for offsets.

Senator Taylor: I have a short question: Have any of the three committees done any work on carbon sequestration or carbon absorption?

In addition, there is no clear evaluation mechanism and no clear standards in place to ensure that the public subsidies for the carbon offset investment would result in cost-effective reductions in carbon emissions.

EUROPA - EU law and publications - EUR-Lex - EUR-Lex - 32008R0692 - EN - Commission Regulation (EC) No 692/2008 of 18 July 2008 implementing and amending Regulation (EC) No 715/2007 of the European Parliament and of the Council on type-approval of motor vehicles with respect to emissions from light passenger and commercial vehicles (Euro 5 and Euro 6) and on access to vehicle repair and maintenance information (Text with EEA relevance) - COMMISSION REGULATION - (EC) No 692/2008 // of 18 July 2008 // implementing and amending Regulation (EC) No 715/2007 of the European Parliament and of the Council on type-approval of motor vehicles with respect to emissions from light passenger and commercial vehicles (Euro 5 and Euro 6) and on access to ve ...[+++]hicle repair and maintenance information // ADMINISTRATIVE PROVISIONS FOR EC TYPE-APPROVAL // Appendix 1 // Verification of conformity of production — First statistical method // Appendix 2 // Verification of conformity of production — Second statistical method // Appendix 3 // MODEL // INFORMATION DOCUMENT No . // Appendix to information document // INFORMATION ON TEST CONDITIONS // Appendix 4 // MODEL OF EC TYPE-APPROVAL CERTIFICATE // (Maximum format: A4 (210 × 297 mm)) // Addendum to EC type-approval certificate No . // concerning the type-approval of a vehicle with regard to emissions and access to vehicle repair and maintenance information according to Regulation (EC) No 715/2007 // Appendix 5 // Vehicle OBD information // Appendix 6 // EC Type –Approval Certification Numbering System // Appendix 7 // IN-SERVICE CONFORMITY // IN-SERVICE CONFORMITY CHECK // STATISTICAL PROCEDURE FOR IN-SERVICE CONFORMITY TESTING // RESPONSIBILITIES FOR IN-SERVICE CONFORMITY // VERIFYING AVERAGE EXHAUST EMISSIONS AT AMBIENT CONDITIONS // (TYPE 1 TEST) // EMISSIONS DATA REQUIRED AT TYPE-APPROVAL FOR ROADWORTHINESS PURPOSES // MEASURING CARBON MONOXIDE EMISSION AT IDLING SPEEDS // (TYPE 2 TEST) // MEASUREMENT OF SMOKE OPACITY // VERIFYING EMISSI ...

Apart from their significant role in the development of rural areas, forests have a major value for nature conservation, play an important role in preserving the environment, are key elements of the carbon cycle and significant carbon sinks and represent a critical controlling factor of the hydrological cycle.