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The Kenya Agricultural Carbon Project (KACP), developed by the Vi Agroforestry programme, receives mitigation funding from the World Bank’s BioCarbon Fund for soil carbon sequestration and above-ground sequestration in trees.
Apart from providing farmers with a small sum of extra cash, the switch to climate-smart agricultural practices has had the additional benefits of increasing crop yields as well as improving farmer’s resilience to climate change. According to a recent World Bank commissioned study, the crop yield increases alone are worth US$ 200-400/ha/year.
In KACP, Vi Agroforestry and the BioCarbon Fund has developed the Sustainable Agricultural Land Management (SALM) methodology. A model approach to measuring soil carbon sequestration is being used, which has been approved by the Verified Carbon Standard (VCS) agency. SALM is a public good, free for any organization to use.
However, concerns have been raised, notably by the International Agricultural Trade Policy Institute (IATP), about the adequacy of a carbon market approach to financing a shift to sustainable agriculture. This event will also discuss these concerns.