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1610 - Carbon offsetting to sustainably finance the System of Rice Intensification (SRI) in Nepal


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Presenters: Juna Shrestha and Benjamin Huber
Title: Carbon offsetting to sustainably finance the System of Rice Intensification (SRI) in Nepal
Date: October 4, 2016
Venue: Mann Library 160, Cornell University, Ithaca, NY
Sponsors: SRI-Rice, International Programs, CALS, Cornell University

Published in: Technology
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1610 - Carbon offsetting to sustainably finance the System of Rice Intensification (SRI) in Nepal

  1. 1. Carbon offsetting to sustainably Finance the System of Rice Intensification SRI in Nepal Juna Shrestha, Benjamin Huber Cornell University, 4 October 2016
  2. 2. Content • Introduction to ClimateRe • Project ‘Reducing methane emission from rice farming in Nepal’ • Carbon offset for SRI projects
  3. 3. Our multidisciplinary team Juna Environmental Science Beni Geologist Prem Agronomist Daniele Agro-economist Thomas Climatologist
  4. 4. ClimateRe – Association for a climate resilient society “Our vision is a climate resilient society where every person has equitable access to knowledge, technology and finance, enabling them to adequately deal with climate risks.” Knowledge Technology Financial Services Climate resilient society
  5. 5. Knowledge Financial servicesTechnology What we offer How you benefit Our assets Translate scientific knowledge into simple understandable information Transfer scientific knowledge to agricultural practices through extension services Technical assistance for setting up micro-insurance programs Raised awareness on the impacts of climate change and the associated risks and opportunities Equipped with appropriate tools to mitigate climate risks lead to increased productivity and improved food security Assistance in selecting credit and insurance services for better managing agricultural risks •Strong track-record in climate modeling, nutrient cycle and soil water balance •Established links to universities and research institutes •Field experience in rural development sector •Experience in developing and implementing agriculture projects •Strong network of NGOs, development agencies and governmental bodies in Nepal •Network of experts in South and South-East Asia •Experience in design and pricing of insurance products •Network of experts in index based insurance •Network of insurance professionals in India and Thailand What we offer 5
  6. 6. Reducing methane emission from rice cultivation in Nepal • 55,000 ha of rice field converted into SRI method • Abate 500,000 tCO2eq in a period of 10 years • After 10 years, the project area will reduce 99,000 tCO2eq/year methane
  7. 7.
  8. 8. • For this project we use a default value of 0.72 kgCH4/ha/day • For a rice growing period of 120 days, the project will reduce 2 tons of tCO2eq/ha/year • Estimated methane reduction potential of SRI is > 20% and global methane emission from rice is estimated 50 to 100 Mt/year • Even with most conservative estimate, the global methane emissions will be reduced by minimum 10 Mt/year (210 MtCO2eq). Methane emission reduction potential of SRI
  9. 9. • The price of carbon credits depends on several factors such as quality/standard and project type, demand and regulation • Because of its high socio-economical benefits in addition to the GHG reduction potential, we will develop a gold standard project. • Established in 2003 by WWF and other international NGOs as a best practice benchmark for energy projects developed under the UN’s Clean Development Mechanism (CDM) • Gold Standard was set up to ensure that projects delivered genuine emission reductions and long-term sustainable development. • Based on the current prices of Gold Standard certificates we estimate an average price of 5 USD / ton CO2 (i.e. potential of 1 billion USD) Potential revenues from CDM carbon offset
  10. 10. 2011 CDM AMS-III.AU • Methane emission reduction by adjusted water management practice in rice cultivation • Submitted by Bayer CropScience 16 November 2010 • Projects Indonesia and Philippines 2013 Voluntary Emission Reductions in Rice Management Systems • Prepared by Terra Global Capital, LLC • With support from Environmental Defense Fund (EDF), California Rice Commission, Applied Geosolutions, LLC 2012 – 2015 Vietnam Low Carbon Rice Project (VLCRP) • VLCRP seeks to significantly reduce GHG emissions from rice cultivation Carbon offset methodologies
  11. 11. • Scoping study (Rice cultivation practices, carbon offset programs and micro insurance) • Partnership opportunities (Insurance companies, research institutions etc.) • Grants and funding for project implementation Next steps
  12. 12. ©2016 ClimateRe. All rights reserved. ClimateRe Seehofstrasse 6B 6330 Cham Switzerland Email: Phone: +41 (0) 52 202 00 97
  13. 13. Our approach We support the reduction of climate risks in the area of agriculture while providing new opportunities through our three-tier approach: • Risk mitigation of adverse impacts of climate change • Risk coping to withstand and manage events through ex-ante and ex- post activities • Risk transfer through insurance products and solutions Climate Risk Risk mitigation Climate Risk Climate Risk Risk coping Risk transfer 3
  14. 14. AMS-III.AU Ex ante estimation of emission reductions
  15. 15. Methane emission reduction by adjusted water management practice in rice cultivation (AMS-III.AU) Methodology key elements
  16. 16. Example Knowledge – Climate resilience toolbox The toolbox transforms scientific knowledge into a tangible adaptation process. It links risks, opportunities and adaptation strategies into the agriculture system. Basis of the toolbox is: • Increase of agricultural productivity & income in a sustainable way • Strengthening of farmer’s resilience against climate change • Reduction of greenhouse gas emissions Climate resilience toolbox Target To help farmers understand how climate change impacts their crops and which mitigation measures should be taken to tackle risks and exploit opportunities. Key activities Prepare weather hazard maps for agriculture, exposure assessment of main crops and vulnerability for potential lossesRisk analysis Development of operational toolbox Training Capacity building of agriculture technical officer to guide farmers on the use of the toolbox Identification and description of sustainable and innovative measures of climate change adaptation & mitigation
  17. 17. Main benefits 20 to >100% up to 90% up to 50% > 50% increased yield water savings reduced methane production reduced seed input System of Rice Intensification – SRI SRI is a scientifically proven alternative rice growing method. It is an agro-ecological methodology to increase yield of irrigated rice by changing the management of plants, soil, water & nutrients. * Information & photos in this page is extracted from SRI facts • SRI has been successfully implemented in 50 countries. • SRI methodology is a management approach and does not require new varieties of seeds. • Some rice varieties respond better than others. Other benefits and challenges + Healthy robust plants + Improved soil conditions - Increase in labor requirements e.g. weeding - Farmer’s resistance to change
  18. 18. Product design: Making use of big data & technology Stage 1 winner of Climate- KIC Semi-final of Echoing Green