The document outlines the agenda for Day Two of a hack event focused on soil carbon accounting held on September 24, 2020. Participants will engage in applying soil carbon accounting methods to various projects, discussing current approaches, potential improvements, and practical next steps. The event also emphasizes the importance of evolving accuracy for carbon market incentives and improving finance strategies related to climate mitigation.

1. Welcome!
Day Two: The Hack
24 September 2020
10 AM - 1 PM EDT
(4 PM - 7 PM CEST)

2. Day Two: The Hack Agenda
10:00 – 10:05 Introduction – Facilitator, Tim Mealey
10:05 – 10:20 Synthesis from Day 1 (Finance needs and Way Forward for MRV) - Ciniro Costa Jr., CCAFS
10:20 – 11:50
Participants will apply soil C accounting methods on projects
(4 tables, mixing up participants from the Deep Dive Tables; 1 table hacking each project –
TNC, 4per1000, 2 WB).
First ten minutes: overview of project by project developer
Outcome: (notes taken in 4per1000 platform, template provided)
1. What is the current or planned approach for soil C accounting for this project?
2. How could SOC MRV/accounting be improved to help meet the project's finance
goals and investors' needs?
3. What are the priority practical next steps for this project?
11:50 – 12:05 Break
12:05 – 12:25 Groups present their solution (up to 5 minutes per group)
12:25 – 13:00
Participants discuss pros and cons of the “alternative” SOC accounting approach,
including:
• Issues arising
• Further information needed
• Ideas for next steps
13:00 Closing remarks – Lini Wollenberg, CCAFS

3. • Encourage investment (green finance / result based finance);
• Evolve in accuracy into carbon market linked incentives
 How can we build a sequenced approach?
Finance needs and way forward for MRV

4. A. Identify the goal for climate finance
Carbon-credit markets
quantification following
rules and procedures
determined by standards
Results-based payments based on defined
climate mitigation result.
Green finance mitigation and co-benefits aligned with
directional change.

5. Green finance mitigation and co-benefits aligned with
directional change.
Results-based payments based on defined
climate mitigation result.
Carbon-credit markets
quantification following
rules and procedures
determined by standards
B. Plan for improving accuracy/uncertainty overtime

6. C. MRV design considerations
• What needs to be estimated?
• How well?
• How to reduce risks of impermanence or non-
performance
• How to minimize costs
• Other considerations

7.  Move to hybrid approaches
o Measurement
 activity data collection
 focus on few high-quality measurements
 prioritization
 data gaps
o Modeling
o Remote sensing
o Co-benefits assessment
 Aggregation across larger scales
D. Improving accuracy and uncertainty

8. E. Reducing risk of impermanence or non-performance
• Discounted carbon credits
• Buffers in carbon credits allocated
• Accounting at the landscape scale
• Verification type and frequency

9. Outcome:
1. What is the current or planned approach for soil C
accounting for this project?
2. How could SOC MRV/accounting be improved to help meet
the project's finance goals and investors' needs?
3. What are the priority practical next steps for this project?
Developing an innovative soil carbon accounting
protocol

10. Break
11:50 AM – 12:05 PM EDT
15 minutes