All of the presentations from the webinar on "Enhancing investment in soil health and carbon storage: Frontiers for linking finance and carbon accounting" held on 10 September 2020.
This event is co-organized by CCAFS, The Nature Conservancy, 4 per 1000 Executive Secretariat, World Bank and the Meridian Institute. Learn more: https://bit.ly/3k68hkr
Panelists included:
-Ciniro Costa Jr., CCAFS
-Tim Mealey, Meridian Institute
-Deborah Bossio, The Nature Conservancy
-Martien van Nieuwkoop, World Bank Group
-Keith Paustian, Colorado State University
-Stefan Jirka, Manager LandScale, Verra
-Dan Harburg, Director, Indigo
-William Salas, President of Dagan, Inc
-Aldyen Donnelly, Director of Carbon Economics, Nori
-Debbie Reed, Executive Director of Ecosystem Services Market Consortium (ESMC)
-Beverley Henry, Institute for Future Environments-QUT
-Pamela M. Bachman, Digital Agriculture & Sustainability Lead, The Climate Corporation, a subsidiary of Bayer
-Ronald Vargas, Global Soil Carbon Partnership - FAO
-Paul Luu, 4per1000
6. Session 1 - The need for soil carbon accounting
10:00 – 10:10
Welcome and introduction – Ciniro Costa Jr., CCAFS
Overview of agenda – Tim Mealey, Meridian Institute
10:10 – 10:20
Keynote presentation
Investing in soil carbon sequestration: Overview of opportunities and
challenges – Deborah Bossio, The Nature Conservancy
10:20 – 10:40
Setting the scene
• Linking public support to agricultural producers to soil health – Martien
van Nieuwkoop, World Bank
• Technical accounting: Essential aspects of carbon accounting systems
and challenges – Keith Paustian, Colorado State University
10:40 – 10:55 Q&A
10:55 – 11:05 Break
11. Soil Carbon
is 25%
of our
natural
solution
11
Bossio et al. 2020, Nature Sustainability
12. Benefits are Large
• On U.S. croplands, building soil carbon can reduce nutrient runoff, CO2
emissions, soil erosion, save 120,000 acre-feet of water
• Where large yield gaps exist building soil carbon can increase maize
and wheat yields and increase nutrient value of the grain
BioversityInternationalJ.V.Grevel
Oldfield et al. (2019) & Wood et al. (2018)
13.
14. Challenges
Lack of
awareness and
confidence
Lack of cost-
effective
standardized
approaches to
predict and
monitor changesLack of capacity
supporting
project
development
Existing protocols
not working well
for regenerative
agriculture
projectsLack of up-front
funding
20. Martien van Nieuwkoop
Global Director Agriculture & Food
The World Bank
Martien van Nieuwkoop
Global Director
Agriculture & Food
The World Bank
Linking public support to soil health: A public good
10 September 2020
21. The case for Investments in healthier soils in the decade of action.
Agriculture remains fundamental for poverty reduction,
economic growth and environmental sustainability, but
agriculture is increasingly:
• Vulnerable to climate change
• Having to produce more under growing demand
• A significant contributor to climate change
Agriculture needs to:
• Feed 10 billion people
• Without using more land
• While improving climate resilience
• While lowering GHG emissions
• And lifting the poor who work in agriculture out of
poverty.
Ø Need to deliver on – healthier economies, people, and planet – at the same time
Ø Experiences with COVID-19 support transitioning to more sustainable agriculture and food systems,
Ø Sustainable intensification will drive growth post COVID-19 and support the 3 elements of sustainability.
Ø Investments that promote healthier soils offer an important low-hanging option.
22. • In 2016/17, 28% of the World Bank Agriculture investment portfolio yielded adaptation and/or mitigation climate Co-
Benefits. Since the Koronovia Joint Work on Agriculture (KJWA) was adopted (November 2017), climate Co-Benefits
have risen significantly, projected to be 56% in 2020/2021 [DOUBLING OVER A FEW YEARS].
• Until 2025, we will increase the share of projects with Climate Smart Agriculture ‘triple wins’ to 66%
• We will reach at least 20 countries and 10 million farmers with widely available and proven on the
ground CSA approaches, to achieve triple wins for a sustainable agriculture and food systems.
• Soil health enhancing practices will form a portion of these investments.
Our Commitment:
The World Bank Is Committed to Action on Climate Change
and Soils in Agriculture
23. Our work on Soil Health aims to increase value generation through soils for farmers,
as a public good and towards a host of societal benefits.
The WBG Sees Soil Health as a Public as well as a Private
and a Wider Societal Good
24. • The WBG is rapidly scaling up financing and action via Climate Smart Investment Plans (CSAIPs)
• $500bn per year in public support to agricultural producers (across
50+ countries), 84% in the form of direct or indirect subsidies.
• The bulk of this support as subsidies is towards productivity (inputs and
production costs), and output markets support
• Highly distortionary, creating dis-incentives for producers to behave in a
manner that is sustainable and climate friendly
• Repurposing this $500bn presents an immense opportunity for public
support for sustainable intensification, esp. healthy soils.
• The WBG is providing technical assistance and project financing to assist client countries to
effectively design and implement CSA operations at landscape scales for Enhanced Resilience to
Climate Change.
• Supporting client countries in the identification of repurposing options for agricultural policies and
support programs to promote sustainable, environmentally friendly growth in support of the Policy
Action Coalition (PAC), a key initiative of the Just Rural Transition (JRT).
Public support for sustainable agriculture actions
• A cost-effective real time MRV protocol is a key missing link for repurposing the $500bn in public
funds for sustainable, environmentally friendly practices like soil health.
Production
Payments
22%
Input
Subsidies
10%
Public Goods
16%
Market Price
Support
52%
Environmental
Purposes
1%
25. Players, priorities and practices for a soil health agenda
• Many stakeholders need to come together to guide action.
• Make compelling case to; policy-makers, public and private investors, and farmers.
• No shortage of possibilities for farmers.
26. Kenya Agricultural Carbon Project (KACP)
• The first soil carbon project earning carbon credits
• Pilot project helped 60,000 farmers on 45,000 hectares (ha) to adopt
sustainable agricultural land management practices leading to carbon
sequestration.
• First credits earned in 2016 - 10,790 VCUs since then
Investment examples
Purpose:
• increase agricultural productivity and enhance resilience to climate
change risks in smallholder farming and pastoral communities
How:
• Up-scaling climate smart agricultural practice (including improving soil
investments, promoting crop diversification, and agro-forestry) and
strengthening the enabling environments.
Impact:
• Project will benefit about 522,000 households of smallholder farmers,
agro-pastoralists, and pastoralists directly, 340,000 households benefiting
from the county-level and public-private partnership investments and
over 600 micro-small-and-medium enterprises
Kenya Climate-smart Agriculture Project (KCSAP) ($250m)
27. Colombia: Mainstreaming Sustainable Cattle Ranching Project (CMSCR)
($27m)
Purpose:
• Aimed to promote the adoption of environment-friendly Silvopastoral
Production Systems (SPS) for cattle ranching.
How:
• Strategic partnerships.
• Differentiated PES schemes via short-term and long-term payments were
applied to encourage producers to adopt SPS. Payments to 1,484 individuals
(US$1,430.60 per contract on average) were made.
Impact:
• 3,631 farms transformed 38,390 ha of pastureland to SPS and other best
practices that made cattle ranching systems more intensive and freed or
protected land for conservation and restoration.
• Sizable economic value: economic internal rate of return (EIRR) ranging
24.5%-30.1%; net present value (NPV) ranging US$1,650/ha-US$1,935/ha.
• Project increased the amount of carbon sequestered in soils and reduced
GHG emissions, helping to mitigate climate change (1,565,026 t CO2e)
Investment examples
28. Kazakhstan: Sustainable Livestock Development Program P4R ($500m)
Purpose:
• To support the development of an environmentally sustainable, inclusive, and
competitive beef production in Kazakhstan.
How:
• Support development of efficient AgriEnvironmental policies for the beef
sector
• Disbursements linked to some set commitments for the control of GHG
emissions and adaptation to climate change in the beef sector.
Impact:
• Share of public expenditure in support of green growth and sustainability in
the beef sector will increase
• Increased soil carbon sequestration will be achieved through improved grazing
management and landscape restoration practices
• At least 100,000 household and small individual farmers to benefit
Investment examples
29. ACTIONS
1
More technical support is required to help the realigning of public support for delivering
public-good outcomes that promote soil health is needed.
De-risking facility for the private sector can stimulate confidence in investments in Nature
Based Solutions.
Develop and support economic incentives for implementation of practices that support soil
health, through sustainable business models, payments for ecosystem services schemes, and
blended financing (grants and loans) for better environmental and health outcomes .
Engaging farmers as central actors and key providers of both food and ecosystems services,
can help inform the design of attractive incentives and enhance adoption.
A standardized, accurate and low-cost approach to Soil C accounting and MRV, can provide a
significant rationale for the use of public funds in support of implementation of practices that
support soil health.
Mainstreaming and scaling soil health investments
1.
2.
3.
4.
5.
31. Keith Paustian
Dept. Soil and Crop Sciences and Natural Resource Ecology Lab
Colorado State University
Fort Collins, CO
Soil carbon and GHG accounting
systems: Needs, challenges and
emerging opportunities
32. Effective policies and market-based solutions need reliable
metrics!
• SOC stocks can be highly variable, spatially, even
within a field (even more so for N2O fluxes)
• Low signal-to-background for annual changes in
soil C stocks (< 1%)
• Complex set of abiotic and biotic control factors (T,
H2O, soil physical properties, management
variables, etc.)
• There are no gauges and it’s not like a tree!
Significant Challenges at field-to-local scale KBS LTER, Michigan
Robertson et al. 1997
33. Lucas EU dataset
Calderon &Cotrufo unpubl.
Consequences for field-to-local scale measurement
Accuracy in direct field measurements depend
on:
1) Variability in C stocks and stock change rates (sampling
intensity)
2) Magnitude of change rate (re-sampling frequency)
3) Accuracy of C stock determination at a point (analytical
methods)
1) Typical spatial variability dictates multiple 10’s of samples
2) Typical change rates dictate resampling interval of 5 yrs +
more
3) Most accurate methods require destructive sampling and lab
analysis
§ Spectroscopic analysis (MIR) can increase throughput and
reduce costs
§ In situ (non-destructive) methods improving but lower
accuracy and other factors still limit applicability
Conant & Paustian 2002
Direct measurement is too expensive for routine
deployment in most mitigation projects.
34. Confidence higher (and uncertainly lower) for more aggregate
scale (sub-regional, regional) estimates
• Legacy of LTEs with research-grade
measurement of management treatment
difference and temporal trends over
decadal+ time scales
• Empirical data and meta-analysis provide
good estimates of regional-national
averaged responses
• Generally good understanding of general
principles and drivers involved – predictive
modeling capabilities
35. Air Parcel Air Parcel
Air Parcel
Sources Sinks
Sample
Sample
Changes in CO2 in the air
tell us about sources and
sinks in aggregate
wind wind
Schuh et al. 2013
513 Tg CO2532 Tg CO2495 Tg CO2
Regional estimate of C balance for US ‘midcontinental intensive’ study
‘Bottom-up’ inventory modeling ‘Top-down’ inversion modeling
36. Goal : Low-cost estimates with low bias and ‘moderate’
uncertainty at ‘project’ scale
• Focus on high quality direct measurements
• Reduced uncertainty of local-scaled predictive models
• Capability to easily incorporate farm-level activity data
41. Enhancing investment in soil health and
carbon storage: Frontiers for linking finance
and carbon accounting
10 September
2020
10am – 1:15pm
EDT
Question & Answer
10:40 – 10:55 EDT
15 minutes
Please use the Q&A
function to ask questions.
42. Break
10:55 – 11:05 EDT
10 minutes
Enhancing investment in soil health and
carbon storage: Frontiers for linking finance
and carbon accounting
10 September
2020
10am – 1:15pm
EDT
43. Session 2 – Soil carbon accounting frontiers
11:05 – 11:15
Verra - Development and management of standards for sustainable
development and climate action goals. Stefan Jirka, Innovation Manager,
Agriculture.
11:15 – 11:25
Indigo - Unlocking carbon markets through research and entrepreneurial
community efforts. Dan Harburg, Vice President, Head of Carbon
Quantification
11:25 – 11:35
Dagan, Inc - Estimating soil carbon sequestration using remote sensing.
William Salas, President of Dagan, Inc
11:35 – 11:45
Nori Inc. – Carbon Removal and True Price Discovery. Aldyen Donnelly,
Director of Carbon Economics
11:45 – 12:00 Q&A
12:00 - 12:10 Break
45. Verra
10 September 2020
Development and management of standards for
sustainable agriculture and climate action goals
Stefan Jirka, Innovation Manager, Agriculture
46. Verra catalyzes measurable climate action and sustainable
development outcomes by driving large-scale investment to activities
that reduce emissions, improve livelihoods, and protect nature.
11 September 2020
47. Verra is a Global Leader in Offset Markets
Source: World Bank Group,
State and Trends of Carbon
Pricing 2020, May 2020
Annual volume of issuances by crediting mechanism
Numberofprojects
VCS
11 September 2020
48. • 10+ projects registered or in the pipeline, e.g.
• Kenya Agricultural Carbon Project VM0017
• Montana Improved Grazing Project VM0021
Diverse ALM Projects in the VCS Program
11 September 2020
Photo source: https://www.biocarbonfund.org/node/82
49. Verra Efforts on SOC Accounting
11 September 2020
• Expert Ag Land
Management Working
Group (ALM WG)
• New accounting
methodologies
• Incorporate technology
advances
• Adapt VCS rules
Photo source Sentinel-hub
50. Constraints to Ag Project Development
11 September 2020
• High variability
• Current carbon prices
• Behavior change
• Land tenure and carbon rights
• Aggregation of farms
• GHG quantification complexity
51. Actions Verra is Taking to Overcome Constraints
11 September 2020
• Standardized methods to
determine additionality
• Non-permanence risk and
buffer credit deductions
• Aggregation guidance
• Reversals risk management
• Project longevity
• Future expert modeling
advisory group
Photo source VCS Tambopata Project
52. • Expanded soils
databases to set
baselines
• Tech approaches to lower
MRV costs
• Models accessible to a
range of users
• Capacity building for
project developers
Investments Needed
11 September 2020
Photo source: https://nutnet.org/index.php/node/6427
56. Unlocking carbon markets through
research and entrepreneurial
community efforts
Dan Harburg, Ph.D.
Vice President, Head of Carbon Quantification
S E P T 1 0 , 2 0 2 0
68. Linking Remote Sensing and
Modeling to Build the Business
Case for Soil Health
William Salas, Dagan Inc
Session 2 - Soil carbon accounting frontiers
Learning from emerging experiences linking
investment and soil carbon accounting
69. High transaction cost for verification of
market assets
Barrier: Agriculture stakeholders lack the soil health
insights and sustainable agriculture data needed to drive
change.
Current barriers to
realizing the value
of soil health and
scalable markets:
High cost of quantification of water &
carbon outcomes
Challenging to scale
69
Measure to Monetize….
70. OpTIS DNDC
Operational Tillage
Information System
Biogeochemical
Model
Measures how the environment responds
to management and drives outcomes
Uses satellite remote sensing to
provide data on ag field management
70
GEOKIT: geospatial information technology and web
applications
71. Unique combination of technologies for quantifying soil health
outcomes for supply chain reporting and MRV for ecosystem
service markets
OpTIS DNDC Analytics
OpTIS – remote sensing-based
management information:
• Field Boundaries based on
management history
• Crop Type
• Tillage Practices
• Cover Crop Practices
• Crop Emergence & Harvest Date
DNDC – modeled environmental
outcomes:
• Soil Carbon
• Greenhouse Gas Emissions (N2O,
SOC, CH4, GWP)
• Nutrient Use Efficiency Water
Use Efficiency
• Reactive Nitrogen
• Yield
• Run-off & Sediment loss (edge of
field)
Analytics – information put into
context:
• Evaluation and reporting of optimal
management at the field scale
• Optimize for SOC, GWP, Yield, Profit,
Run-off or some combination of these
outcomes with constraints
• Diagnostics regarding the
performance of field in the context of
its neighbors
• Reporting on crop resilience and yield
gap
71
72. Dagan Data Services - OpTIS and DNDC
Sub-field seasonal residue cover Field-level tillage practices Modeled annual SOC change
Tillage Practice
Conventional
Reduced - Low Res
Reduced - High Res
No Till
No Till - Full Res
Annual SOC Change
(kg/ha/yr)
73. Dagan AgTech for Monitoring, Verifying and Quantifying Soil Health
Principles of Soil Health Management:
Ø Crop rotations
Ø Minimal Soil Disturbance
Ø Continual living roots
Ø Soil cover (residue)
Ø Livestock integration
1: OpTIS Verification
2: MRV Platform – direct
Integration of DNDC
1
2
Ecosystem service markets: Challenge: High transaction
costs for setting baselines, quantifying ecosystem
services outcomes and verification. Dagan Solutions:
• Satellite monitoring of agricultural practices –
low cost verification, can go back in time
• Extensive cal/val of DNDC model for
quantification of uncertainty
• DNDC MRV linkage via API
Outcomes of Regenerative Agriculture
Ø Increased soil organic carbon
Ø Reductions in GHG emissions
Ø Better drought and flood resilience
Ø Water quality improvements
74. Supporting Innovative Finance: tracking crop risk:
Prevent Plant 2019 Analysis
Initial indications that conservation practices can mitigate farmland susceptibility to flooding
Fields with more frequent historic conservation practices had more successful plantings
Prevented Planting was
common in 2019 due to
flooding in the spring.
Selected 3 Counties with
significant RMA claims
Which fields were prevented from
planting? Historically, how have
these fields used conservation
practices? Used OPTIS.
In all three regions, historical use of
conservation practices was more frequent
on those fields that successfully planted in
2019.
Successful plant Prevent plant
75. Dagan working with ESMC
and ARPA-E on innovative
SOC measurements
Demonstration
through
Ecosystem Service
Markets Pilots
Innovative SOC
Measurements –
key inputs
Pilot crop risk
metrics for
innovative finance
products:
Ex: 2019 prevent
plant
Engage land value
sector and ESG
reporting to extend
value and
investments in soil
health…
1 2 3 4
75
Next steps, future developments
76. Increased farmer adoption of soil health
management: increased soil carbon and
ecosystem resilience
Enhanced crop profitability
(for resilience, food security, and livelihoods)
Land
Value
Bank
Credit
Agri-
businesses
Crop
Insurance
Ecosystem
Markets
Sustainable
Supply Chains
There is a business case for every stakeholder...
76
Conclusions: Need to Measure to Monetize
Innovations in Sensors, Remote Sensing and DNDC Modeling for Quantifying Soil Health
and Soil Carbon Changes cost effectively at scale will mobilize investment in soil health…..
78. Carbon Removal and True
Price Discovery
Aldyen Donnelly, co-Founder and
Director of Carbon Economics, Nori Inc.,
https://nori.com/
Session 2 - Soil carbon accounting frontiers
Learning from emerging experiences linking
investment and soil carbon accounting
79. Nori is building a dedicated
“Carbon Removal Marketplace”
• Head-officed in Seattle, Washington, & relies on
100% private sector investment;
• built on the “blockchain”, a hybrid central &
distributed ledger software platform;
• generates a carbon removal credit called a Nori
Carbon Removal Tonne, or “NRT”, where
• 1 NRT = 1 incremental tonne of CO2-e removed
from the atmosphere and the commitment of the
Nori Supplier to retain the recovered C in a natural
or man-made terrestrial reservoir for at least 10
years,
• which underlying environmental value Nori
guarantees to the NRT buyer.
80. Starting with US Croplands
• Nori intends to approve CO2 capture and retention
estimation and NRT quantification methodologies for
all CO2 capture, disposition and utilization methods.
• Our first Methdology addresses estimation, monitoring,
reporting and verification of Carbon Removal Claims by
operators of US Croplands, and NRT quantification
based on those Verified Carbon Removal Claims, which
• quantification currently relies on the USDA/NRCS/CSU
COMET-Farm platform (http://comet-farm.com/) which
generates IPCC Tier 3-consistent soil organic stock
change estimates, which estimates inform Nori NRT
quantification.
82. US soil carbon storage
potential
# description data source
400
total US cropland acres in 2018
(millions), not all of which are
planted every year
US EPA, US GHG Inventory, Trends,
page 2-
19 https://www.epa.gov/sites/produc
tion/files/2020-02/documents/us-ghg-
inventory-2020-main-text.pdf
48 to 105
teragrams (million tonnes),
incremental SOC stock growth
potential in US croplands (includes
soil restoration), per year
Chambers, Lal & Paustian,
doi:10.2489/jswc.71.3.68A, https://ww
w.jswconline.org/content/jswc/71/3/6
8A.full.pdf
178 to 386
million TCO2-equivalent, total
incremental CO2 drawdown
potential of US croplands, per year
(includes soil restoration)
Chambers, Lal & Paustian,
doi:10.2489/jswc.71.3.68A, ibid.
528 to 1,584
million TCO2-equivalent, total
incremental CO2 drawdown
potential per acre of US cropland,
grazing land, forest land and other
land use combined, per year.
Chambers, Lal & Paustian,
doi:10.2489/jswc.71.3.68A, ibid.
83. Nori is the first carbon market to...
• Support both retail and wholesale carbon credit sales. (Small
credit buyers can directly purchase without going through brokers. Brokers are
welcome, but not the only conduits to supply for small volume, or “retail”
buyers.)
• Support true carbon price discovery. (NRT suppliers set, confidentially,
minimum NRT sales prices, and can change those prices any time at their sol
discretion. Nori markets the NRTs with the goal of attracting best price.)
• Minimize project validation/verification costs without
compromosing verification quality. (Automatic generation of a Draft
Verification Report in response to receipt of Postive Verification Report.)
• Limit credit quantification reliance on ex-ante crediting.
• Use a dynamic--adjusted for weather/climate impacts-- carbon
flux baseline. (Making the market attractive to late adopters of best
practices.)
• Eliminate up-front project registration and recurring annual
registration maintenance fees. (Nori revenues are tied to successfull
NRT sales.)
84. Contribution of this method
• Direct access to small (“retail”) NRTs purchasers and
reduced verification costs means suppliers net a
much larger % of price paid by offset credit buyers
• First carbon market to eliminate risk of double
counting, double crediting.
• First carbon market to adopt a performance
benchmark that does not favor early adopters over
late adopters of regenerative/sustainable practices.
• First carbon market to take a practical approach to
the question of “permanence”. (controversial)
85. Nori market performance, to date
• Started on-line retail NRT sales in fall of 2019.
• ~16,000 NRTs sold, to date @ US$17.25/NRT, of
which $15/NRT has been delivered to
farmer/suppliers
• NRT demand exceeds NRT supply, at this time
• 250k to 400k of pre-qualifed NRT supply in Nori's
enrollment pipeline, at this time.
• Goal to hold Nori's first NRT Forward Contract
Auction in late Q1 or early Q2, 2021
87. Enhancing investment in soil health and
carbon storage: Frontiers for linking finance
and carbon accounting
10 September
2020
10am – 1:15pm
EDT
Question & Answer
11:45 – 12:00 EDT
15 minutes
Please use the Q&A
function to ask questions.
88. Break
12:00 – 12:10 EDT
10 minutes
Enhancing investment in soil health and
carbon storage: Frontiers for linking finance
and carbon accounting
10 September
2020
10am – 1:15pm
EDT
89. Session 2 (continued) – Soil carbon accounting frontiers
12:10 – 12:20
Ecosystem Services Market Consortium (ESMC) - ESMC’s Public Private Partnership: A
market program meeting demand for certified soil carbon, net GHG, water quality and
water quantity credits from agriculture. Debbie Reed, Executive Director
12:20 – 12:30
Carbon Farming Initiative - Carbon farming – crediting soil carbon in Australia.
Beverley Henry, Institute for Future Environments-QUT [SLIDES OMITTED]
12:30 – 12:40
The Climate Corporation, a subsidiary of Bayer - The Climate Corporation and Climate
FieldView Overview. Pamela M. Bachman, Digital Agriculture & Sustainability Lead
12:40 – 12:50
RECSOIL: Recarbonization of global soils. Ronald Vargas, Global Soil Carbon
Partnership - FAO
12:50 – 13:10 Q&A
13:10 – 13:15 Closing remarks – Paul Luu, 4per1000
91. ESMC’s Public Private Partnership:
A Market Meeting Demand for Certified Soil C, Net
GHG, Water Quality & Water Quantity Credits from
Agriculture
Enhancing Investment in Soil Health and Carbon Storage:
Frontiers for Linking Finance & Carbon Accounting
September 10, 2020
Debbie Reed, ESMC Executive Director
92. To advance ecosystem service markets that
incentivize farmers and ranchers to improve
soil health systems that benefit society
ESMC MISSION
92
Mission-Driven.
Impact-Driven.
Non-profit.
93. Ecosystem Services Markets for Agriculture
93
Ecosystem Services Markets Conceived &
Designed…
Ø …for Agriculture
Ø …to overcome past market challenges
Ø …to recognize & reward farmers &
ranchers for their valuable impacts
96. Soil Organic Carbon MRV for Finance
ESMC soil C quantification protocols: Calculate uncertainty!
• Soil C testing at enrollment & years 5, 10, 15, 20
• Soil C testing to 30cm (standard) up to 60cm (deep-rooted
systems) using stratification approach
• Also use DNDC biogeochemical GHG model to model soil C &
additional GHG (report all results, and net GHG)
– Cal/val model, & utilize measured SOC data
• Also use OpTIS to track practices & link to DNDC
GOAL = more accurate, more granular, more robust actual
SOC data to improve science, model function, credibility
96
97. Soil Organic Carbon MRV for Finance
ESMC/ESMRC SOC & GHG Investments:
• Open-source SOC sampling stratification app
• Multiple new soil C sampling tools (neutron-scattering, visNIR, spectrometers)
– Assessment of accuracy/precision/repeatability
– Field-testing
– Commercialization & cost-benefit assessment
• Multiple alternative soil sampling stratification approaches, based on geography,
heterogeneity of soils, other phys/chem factors, & relative accuracy/precision/repeatability
• Other places in SOC measurement, modeling chain to reduce uncertainty
• N2O surrogate and sensor measurements approaches
Ongoing R&D: 4 Technical R&D Working Groups continue to decide on
investments to improve rigor, cost-effectiveness, & scalability of efforts for C,
GHG, WQL, WQN
97
98. Soil Organic Carbon MRV for Finance
ESMC Infrastructure
• National scale programmatic investments
• Track impacts at field, farm, supply shed, watershed scale
• Relate impacts to systems adopted
– Trends, benefits, economics
– temporally, geographically
– Systems & activities
• Planning for biodiversity credits has kicked off with
members
98
102. ///////////
The Climate Corporation
and Climate FieldViewⓇ
The Climate Corporation
Pamela Bachman, Ph.D.
Digital Ag & Sustainability Lead
/// Bayer Capital Markets Day /// London, December 5, 2018
103. Global Crop Production Demand is Climbing
103
UNDESA 2017 (United Nations Department of Economic and Social Affairs, Population Division (2017). World Population Prospects: The 2017 Revision); 2 FAO 2017 (FAO Global Perspective Studies)
Nelson et. all. (2104); (2) FAO 2016 “Climate change and food security”; 4 FAOSTAT (accessed Oct 30, 2018) for 1961-2016 data on land, FAO 2012 for 2030 and 2050 data on land, and UNDEDA 2017: World Population Prospects for world population data.
Megatrends Through 2050 Societal Needs
Growing
Population
Pressure On
Ecosystems
Secure a
sufficient supply
of quality food
Use natural
resources more
efficiently and
responsibly
+2.2
Billion People
+50%
More Food
Required
-17%
Harvest Losses
From Climate Change
-20%
Loss In Arable Land
Per Capita
106. Continuous Circle of Value Creation from Richer Data Sets, Leading to Smarter Digital Tools
Data is Digital Currency to Build a Global
Integrated Platform
106
Drives customer satisfaction
and loyalty as data science
brings smarter digital tools
Diagnose, recommend
and prescribe
Compare and Benchmark
Visualize and Tabulate
Gather and Organize Data
108. Pre-Planting:
Seed Scripting
& Seed Advisor
During Planting:
Data capture & real-
time data visualization
In-Season:
Capture as-applied data for crop inputs to measure performance later;
Monitor Field Health throughout the growing season
Harvest/Post-Harvest:
Capture yield data in real-time;
Analyze yield data to optimize
decisions in following seasons
108
Digital farming tools (Climate FieldView™) support activities & decisions throughout the season
Tailored solutions along the plant’s life cycle
109. 109
Y = f (g,e,p)+ εYield Genetics, Environment,
Farming Practices
Variability
109
110. Sustainability & The Climate Corporation
110
The Climate Corporation
advances sustainability
globally by delivering digital
tools that help farmers apply
insights to grow nutritious
food, use resources more
efficiently and maximize
prosperity for all
The use of digital tools help
farmers grow healthy, safe and
affordable food sustainably
Climate FieldView™ is helping
farmers to reduce their
environmental impact AND boost
their economic and societal
impact
by applying insights to help them
get more out of every acre
111. 111
How
Estimate potential emission
reduction through optimal
timing, nitrogen rate, and
tillage practice
recommendations
Prototype carbon
sequestering tools for on farm
recommended actions
GHG Reduction
Why it Matters
Digital tools can assist in developing
agricultural practices that can adapt
to and mitigate the impacts on our
environment, but also have the
potential to increase food
production. Smart carbon practices
can yield many positive benefits:
reduced soil erosion; better soil
water retention and nutrient
availability for crops; increased soil
organic matter accumulation; and
higher crop productivity
113. RECSOIL: recarbonization of
global agricultural Soils
Ronald Vargas, Secretary of the Global
Soil Partnership, FAO
Session 2 - Soil carbon accounting frontiers
Learning from emerging experiences linking
investment and soil carbon accounting
114. Soil is a valuable natural capital, but….
one third of our global soils are degraded
116. The current global challenges
Desertification, drought, Land
degradation
Protecting, conserving, restoring Biodiversity
Climate change – Mitigation and Adaptation
Food security and nutrition
Healthy soils = SOC
Soil carbon, the heart of the soil
117. The problem
• Uncertainty about additionally and
permanence.
• Measuring SOC: not an easy and
cheap task, accuracy.
• Unavailable harmonized SOC MRV
Protocol at farm level.
• Recognizing farmers as the main
vehicle of change.
• Lack of financial incentives for
implementing Good practices.
• Lack of technical support to farmers.
• Long-term investment.
• SOC sequestration not at scale yet.
• Focusing on SOC only, and not on
Soils as provider of Ecosystem
Services.
• We forget about Nitrogen
Scaling-up sustainable soil
management practices based on SOC
sequestration
118.
119.
120. 1. Technical feasibility (current stocks-potential)
GSOCmap – current stocks
COUNTRY
GSOC Map
Monthly Vegetation cover
NDVI-expert
Spatialized RothC
PLATFORM
(Fortran-R)
ATTAINABLE
SOC (Low Scenario)
Climate Grid
(1km x 1km)
SoilGrid
(1km x 1km)
C inputs and
managementGrid
(1km x 1km)
1 2 3
4
5
Monthlytemperature
Monthlyrain
Monthlypan-evaporation
Clay 0-30 cm
CurrentSOCstocks
Climatic national data layers Soil national data layers
ATTAINABLE
SOC (Medium Scenario)
ATTAINABLE
SOC (HighScenario)
Low:5% increase in C inputs
Medium:10%
High:20%
NPP – MIAMI modelLand Cover national dataset
SSM effect
on C input
Management National data layers
Modeling phases
Phase1
Phase2
Phase3
Global Soil Organic Carbon Sequestration
Potential Map (GSOCseq map)
121. 4. Agreement to work with RECSOIL/ access to
RECSOIL toolkit
Written Agreement between individual farmers or farmer associations to
implement RECSOIL (access to technical support and financial incentives).
GSOC map
GSOCseq map
GSOC-MRV Protocol
Manual of good practices
VGSSM + SSM Protocol
Global SOC Monitoring System
SOPs for soil organic carbon
122. 5. Implementation of Good SOC Practices (technical
support and financial incentives)
• According to the local
context, selection of the
good practices.
• Technical support for the
implementation of the
good practices on the
ground.
• Financial incentives (3
payments, establishment,
after 4 years and at year 8).
• Continuous support and
monitoring.
• Soil Doctors for farmers.
124. 6. Measuring, monitoring, reporting and verification
• Measurement of Baseline at farm
level (before good practices are
implemented).
• Second measurement: after 4
years of implementation,
measurement of additionally of
SOC and ecosystem services.
• Final measurement: at 8 years of
implementation (reporting of SOC
seq. and multiple ecosystem
services achieved).
• Verification by VVBs.
• Intermediate measurements to
demonstrate change, can be
alternatively done using POM.
• All data feeding the Global SOC
Monitor System.
125. 7. RECSOIL MARKET PLACE
• Green-path to support subsistence/small
farmers. They will accomplish multiple
ecosystem benefits (including SOC
sequestration) but we will not issue carbon
credits. A Label of compliance under the
Voluntary Guidelines for Sustainable Soil
Management and RECSOIL will be provided. Yet,
all the benefits will be accounted and informed.
• Carbon Market path (using private
investments): generation of Carbon credits for
the Voluntary Market and/or carbon pricing
mechanisms under global/regional or national
schemes.
126. THANK YOU FOR YOUR ATTENTION!
For more information, please contact
Ronald.Vargas@fao.org
127. Enhancing investment in soil health and
carbon storage: Frontiers for linking finance
and carbon accounting
10 September
2020
10am – 1:15pm
EDT
Question & Answer
12:50 – 13:10 EDT
20 minutes
Please use the Q&A
function to ask questions.
128. Thank you!
Find a recording of this Webinar at:
soilcarbon.weebly.com
For more information please contact:
Lini Wollenberg: Lini.Wollenberg@uvm.edu
Ciniro Costa Junior: C.Costajr@cgiar.org
Bailey Rowland: Bailey.Rowland@uvm.edu
Kyle Dittmer: Kyle.Dittmer@uvm.edu