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Concept Note - C Financing Mechanisms

The document describes an upcoming webinar organized by FAO's regional office for Asia and the Pacific on soil organic carbon assessment and management. The webinar aims to promote soil health, define potential for carbon financing mechanisms in Asia, and promote FAO tools like EX-ACT and the Global Soil Partnership's carbon assessment and management tool. The webinar is open to farmers, decision makers, project managers and others and will feature presentations on various carbon accounting and soil management tools, carbon markets, and discussion of gaps and opportunities.

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0% found this document useful (0 votes)
45 views17 pages

Concept Note - C Financing Mechanisms

The document describes an upcoming webinar organized by FAO's regional office for Asia and the Pacific on soil organic carbon assessment and management. The webinar aims to promote soil health, define potential for carbon financing mechanisms in Asia, and promote FAO tools like EX-ACT and the Global Soil Partnership's carbon assessment and management tool. The webinar is open to farmers, decision makers, project managers and others and will feature presentations on various carbon accounting and soil management tools, carbon markets, and discussion of gaps and opportunities.

Uploaded by

t.ahmadzade
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 17

Asian knowledge hub on sustainable soil and

land management

© FAO/Lucrezia Caon
© NECTC and LDD/Thailand
Webinar on

“Soil organic carbon assessment and management. Towards


the creation of carbon financing mechanisms”

Date: 21-22 November 2023


Time: from 2:00 to 4:00PM GMT+7 (Bangkok time)
Platform: Zoom©
Language: English

Introduction
In 2023, the FAO’s regional office for Asia and the Pacific (RAP) developed a knowledge hub to facilitate the exchange
of knowledge and experiences on sustainable soil and land management in the Asian region. Thus, (i) to enhance the
capacity of individuals and organizations in implementing sustainable soil and land management practices, (ii) to
facilitate the identification of knowledge and technology gaps that can boost research and development activities, (iii)
to encourage the adoption of proven methods while inspiring innovation in sustainable soil and land management,
and (iv) to support projects’ formulation and implementation activities. In this regard, the hub is an integral
component of the FAO's strategy to advance sustainable soil and land management in Asia.

The hub reports and describes countries’ original engagements to assess, monitor, preserve, restore or enhance soil
health over time as well as United Nations contributions to the topic in terms of equipment, online applications,
certification systems, training systems, awareness raising systems and others. Please note that the hub does not
report about projects and research studies. By aligning with the principles of collaboration and shared learning, the
hub has the potential to drive positive change in agricultural and environmental practices.

The information in the hub were collected using a participatory approach involving the public sector, non-profit sector,
academic and research institutions and intergovernmental organizations, and they are meant to support the work of
a large range of stakeholders including farmers, local communities, extension agents, policy makers, project
managers, researchers and academia, and even the private sector. Being an open-access, live tool, stakeholders have
the ongoing chance to submit contributions to FAORAP for review and potential incorporation into the hub.

The hub has information organized into five categories depending on their core scope:

SCOPE 1: Soil assessment, monitoring and mapping, including soil sampling, soil analysis, data analysis and
interpretation, and digital soil mapping;

SCOPE 2: Policy, including charters, guidelines and recommendations developed to support countries on policy
development. Instruments to support countries on achieving and reporting on international targets are also reported
under this scope;

SCOPE 3: Investment, intended as actions and tools that trigger investments at the national, regional and global levels;

SCOPE 4: Field activities, including capacity building activities for the transfer on knowledge, data, information and
technology to farmers and other land users; and

SCOPE 5: Communication, including awareness raising, technical and scientific cooperation, and networking activities.

The webinar on “Soil organic carbon assessment and management. Towards the creation of carbon financing
mechanisms” is organized under scopes 1, 3 and 5. This webinar is one among a series of online events orchestrated
to facilitate the use of the knowledge hub within the region.
Note: The online platform hosting the hub is currently under development. However, the specifics regarding the
subjects to be covered during the webinar are contained within this document.

Webinar’s objectives
1. To promote soil organic carbon assessment, sustainable management and monitoring in the region;
2. To define the potential for establishing or boosting carbon financial mechanisms in Asian countries; and
3. To promote the use of FAO tools on the topic in projects and national programs/initiatives.

Who can participate?


Participation to the webinar is open to all stakeholders interested on the topic. This webinar is of special relevance
to farmers, decision makers, project managers and investment partners.

How to participate?
To register for the upcoming webinar on “Soil organic carbon assessment and management. Towards the creation of
carbon financing mechanisms”, please follow the registration process outlined below:

1. Click on the provided link to access the registration form:


https://fao.zoom.us/webinar/register/WN_15F1IqnLRuKy3C9DbII0AQ

2. Fill out the registration form with accurate and complete information. Make sure to provide your name,
email address, organization (if applicable), and any other required details.

3. Once your registration is confirmed, you will receive a confirmation email containing the webinar details,
including the Zoom link, date, time, and instructions on how to join the webinar.

Please ensure that the email address you provide during registration is correct and regularly checked to receive
important updates and notifications.

We look forward to your participation in the webinar and your contribution to the discussion on promoting soil health
and sustainable management practices.

Should you have any questions or require further assistance, please do not hesitate to contact Ms Lucrezia Caon,
Land Management Officer, FAORAP at [email protected]
Programme

DAY 1
2:00 – 2:10 Welcome remarks
Ms Lucrezia Caon, Land Management Officer, FAORAP

2:10-2:15 Video Soil Organic Carbon – the treasure beneath our feet
https://www.youtube.com/watch?v=Ymy0IO7nizw

Soil organic carbon content: assessment, monitoring and increase


2:15 – 2:45 EX-Ante Carbon-balance tool (EX-ACT)
- What it is
- How it is used in projects
- Case study
Ms Joanna Ilicic, EX-ACT Coordinator, FAO

2:45 – 3:15 Carbon assessment and management tool by the Global Soil Partnership, FAO
- GSOC MRV protocol
- Recarbonizing global soils – a technical manual of recommended management
practices
- RECSOIL
Ms Natalia Eugenio Rodriguez, Land and Water officer, Global Soil Partnership, FAO

3:15 – 4:00 What? When? How?


- Who does the (EX-ACT or RECSOIL) tool cater to? What kind of audience represents
your desired and average user?
- What benefits can the user obtain from the practical application of the tools for
sustainable soil and land management?
- What kind of scientific and policy gaps are you filling when it comes to carbon
measurements for land management?
- Can programs like RECSOIL be integrated into national certification schemes?

Moderator: Ms Lucrezia Caon, Land Management Officer, FAORAP


DAY 2
Carbon markets
2:00 - 2:05 Recap on day 1
2:05 – 2:15 How much do you know about carbon markets? POLLS

2:15 – 2:40 Carbon markets for agriculture sectors


Mr Beau Damen, Natural Resources Officer, FAORAP

2:40 – 3:10 The Verified Carbon Standard (VCS) Program: methodology for soil organic carbon
quantification
Ms Carolina Cardoso Lisboa, Manager, Agriculture Innovations, Program Development and
Innovation Department, Verra

3:10 – 3:30 Interactive session | Carbon financing mechanisms


- What carbon financing mechanisms do already exist in Asia?
- How to create effective carbon financing mechanisms?
- Identification of national, regional and global gaps

Moderator: Ms Lucrezia Caon, Land Management Officer, FAORAP

3:20 – 3:55 Tricks and boosters in carbon sequestration, do they exist?


• POLLS on carbon-rich soil amendments
• Biochar use and research in Thailand
Mr Natthapol Chittamart, Kasetsart University, Thailand
3:55 – 4:00 Closing remarks
Insights about the webinar's subjects
Please be aware that the copyright holder should be duly credited for the information presented in this section of
the document.

EX-Ante Carbon-balance tool (EX-ACT)


Country of origin: United Nations
Year of development: latest version of the tool released in 2022
Copyright: FAO

Scope: to quantify changes in GHG emissions. More specifically, EX-ACT aims at i) identifying the climate mitigation
outcomes of agricultural interventions (projects, policies and investments) at any stage of their implementation (ex
ante, during and ex post) and at any level (local, regional and national); ii) supporting countries (public and private
sectors) in accessing funds from international financial institutions; iii) strengthening the capacities of national and
international stakeholders in estimating, monitoring and evaluating progress on emissions reduction goals; and iv)
support policy makers in integrating climate change mitigation objectives into national strategies and international
commitments, such as Nationally Determined Contributions or National Adaptation Plans.

Users: Applying the tool does not require specific scientific knowledge; the analysis can be conducted by any user
interested in impacts on GHG emissions of land use related interventions in agriculture.

Beneficiaries: decision makers, project managers

Brief description: EX-ACT is the only GHG accounting tool to cover the entire agricultural sector including Agriculture,
Forestry and Other Land Use (AFOLU,) inland and coastal wetlands, fisheries and aquaculture, agricultural inputs and
infrastructure. It is a free, open-source consisting of a set of linked Microsoft Excel sheets into which the user inserts
basic data on agricultural activities and practices.

EX-ACT provides its users a consistent way of estimating and tracking the outcomes of agricultural interventions on
GHG emissions, calculating the mitigation potential of any type of land use based intervention, either public or
private. It can be used to evaluate projects, policies as well as national level programmes. The results allow the
decision makers to ensure that all the interventions contribute to meeting climate change mitigation goals, such as
those expressed in the Nationally Determined Contributions, while continuing progress towards other
environmental and socioeconomic objectives, either at regional, national or international levels, for example climate
change adaptation goals expressed in National adaptation Plans or Sustainable Development Goals. Although the
EX-ACT appraisals were initially designed for ex ante analysis, the tool can be successfully applied during the project
implementation as well as ex post for comprehensive monitoring and evaluation, both at a project and at a country
levels.

The analysis is conducted by comparing two scenarios: a situation when an intervention, for example a project, is
implemented and a baseline situation that would prevail in the absence of the project (also referred to as “reference
scenario”). The comparison between the GHG emissions and carbon stock changes resulting from the implemented
project and those that would occur in the baseline (without the project) gives the final carbon-balance reported in
EX-ACT. The tool distinguishes two periods of time related to the project: the implementation phase (i.e. the active
phase of the project when activities are being implemented) and the capitalization phase (i.e. a period where
emissions and carbon stock changes continue to occur as a result of the implemented activities).
Simplified example of how the carbon balance is calculated in EX-ACT using an afforestation project. Source: FAO, 2022.

Limitations: EX-ACT v.9 requires MS Excel version 2011 or newer. The tool is currently available in English language
only.

Notes on its development: The current version of EX-ACT is primarily based on the Intergovernmental Panel on
Climate Change (IPCC) 2019 Refinement to the 2006 Guidelines for National Greenhouse Gas Inventories (IPCC,
2019) and IPCC 2013 Supplement to the 2006 IPCC Guidelines for National Greenhouse Gas Inventories: Wetlands
(IPCC, 2014), complemented by another scientific research. GHG fluxes from farm operations, inputs, transport and
irrigation systems implementation are based on Lal (2004). Emission Factors for electricity use are based on United
Nations Framework Convention on Climate Change (UNFCCC, 2021). Emission factors for the fishery sector are
derived from Parker and Tyedmers (2015), Winther et al. (2009) and Irribaren et al. (2010 and 2011). Soil carbon
stock in mangroves is complemented by the review from Atwood et al. (2017).

The tool keeps on being updated by the developers with its version 9.4 available online.

Supportive material: please visit https://www.fao.org/in-action/epic/ex-act-tool/suite-of-tools/ex-act/en/.

FAO, 2022. Ex-Ante Carbon-balance Tool | EX-ACT – Guidelines. Second edition – Tool version 9. Rome.
https://doi.org/10.4060/cc0142en

Additional tools on Nationally Determined Contributions and climate change measuring, reporting and verification
are available on the FAO’s Climate Change Knowledge Hub at https://www.fao.org/climate-change-knowledge-
hub/learning-corner/transparency/tools-resource

Contacts: please contact the EX-Ante Carbon-balance Tool Agrifood Economics Division (ESA) of FAO at EX-
[email protected]
RECSOIL
Country of origin: United Nations
Year of development: 2019
Copyright: Global Soil Partnership, FAO

Scope: to support and improve the national and regional greenhouse gases (GHG) mitigation and carbon
sequestration initiatives.

Users: anyone interested in boosting soil organic carbon and its sequestration

Beneficiaries: direct beneficiaries are farmers although the initiative will benefit the entire planet.

Brief description: RECSOIL is a mechanism for scaling up sustainable soil management (SSM) with a focus on soil
organic carbon (SOC). The priorities are to: a) prevent future SOC losses and increase SOC stocks; b) improve farmers'
incomes; and c) contribute to food security. RECSOIL focuses on agricultural and degraded soils. The mechanism
supports the provision of incentives for farmers who agree to implement good practices. One of RECSOIL's financing
mechanisms is voluntary carbon credits, supported by other components.

RECSOIL works as follows: a) a feasibility


assessment of the current SOC stocks and the
potential to sequester SOC is made and the
productive systems/value chains and farmers
identified; b) if farmers and farmer associations in
those potential soil areas are interested to be part
of RECSOIL, an agreement is reached; c) farmers
are central to RECSOIL as they need to adopt good
practices, and in turn they receive technical
support throughout all the cycle (maximum years
if linked to carbon credit markets) and financial
incentives; d) after adoption of good practices,
there is a need to measure, report and verify the
impacts of such change. Thus, based on the
investment source, a decision is made from the
beginning of whether it follows the Green or the
Carbon Credit Path and the protocols are used
accordingly.

Operational steps in the implementation of RECSOIL. Photo credits:


Global Soil Partnership, FAO.

RECSOIL comes with as a 'toolkit' that includes:


• Compliance with the Voluntary Guidelines on Sustainable Soil Management (VGSSM) (see Sheet S2.3)
• Global Soil Organic Carbon map (GSOCmap)
• Global Soil Organic Carbon Sequestration Potential map (GSOCseq)
• GSOC-MRV Protocol (see Sheet S1.14)
• Protocol for the Assessment of Sustainable Soil Management (see Sheet S1.15)
• Recarbonizing soils: A technical manual of good practices (see Sheet S5.4)
• Global Soil Doctors programme (see Sheet S4.10)
Limitations: establishment of a carbon credit flow. Farmers’ commitment to the initiative. Soil organic carbon data
precision and accuracy. SOC sequestration is a long process, thus cannot be measured every year; the minimum
cycle is eight-year.

Notes on its development:

Supportive material: please visit https://www.fao.org/global-soil-partnership/areas-of-work/recarbonization-of-


global-soils/en/

Contacts: please contact the GSP Secretariat at [email protected]


GSOC MRV Protocol

Country of origin: United Nations


Year of development: 2020
Copyright: FAO

Scope: to provide a framework and standard methodologies for the measuring, monitoring, reporting and verifying
changes in SOC stocks and GHG emission removals from agricultural projects that adopt Sustainable Soil
Management (SSM) practices at the farm level.

Users: the protocol was developed for projects carried out at farm level. However, potential users include investors,
research institutions, government agencies, consultants, agricultural companies, non-governmental organizations,
individual farmers or farmer associations, supply chain and other users who are interested in measuring and
estimating SOC stocks and changes and GHG emissions in response to management practices.

Beneficiaries: farmers and project managers.

Brief description: measuring, monitoring, reporting and verifying (MRV) the addition and permanence of soil organic
carbon (SOC) constitutes a crucial step for any project dealing with carbon farming, climate finance and to support
indicator SDG 15.3.1 using a thorough analysis applicable at field level.

The protocol consists of a series of step-by-step stages and sub-protocols in order to assess SOC changes and GHG
emission/removals by the adoption of SSM practices:

• Stage 1: applicability conditions;


• Stage 2: boundaries;
• Stage 3: baseline and intervention scenarios delineation;
• Stage 4: additionally assessment;
• Stage 5: monitoring; and
• Stage 6: reporting.

The implementation of the GSOC MRV Protocol places farmers at the center as key actors for soil carbon
sequestration and GHG mitigation.The GSOC MRV Protocol is designed for projects carried out at the farm level;
however, other potential users, such as research institutions, investors, government agencies, agricultural
companies, NGOs, individual farmers or farmer associations, supply chain, and others interested in measuring and
estimating SOC stocks, SOC changes, and GHG emissions in response to management practices can adapt the
document.

The protocol is anticipated to be applied in different agricultural lands across the world as well as in any project
related to SOC sequestration, including the Recarbonization of Global Soils Programme (RECSOIL) by the Global Soil
Partnership, FAO (see Sheet S3.2).
Figure 10. Stages and processes of the MRV protocol

Limitations: please provide

Notes on its development: The GSOC MRV Protocol was developed through an extensive research and
consultation process, involving scientists, policy makers, FAO Members, and international and intergovernmental
panels from all regions of the world.

Supportive material: please access the document at https://www.fao.org/3/cb0509en/CB0509EN.pdf

Contacts: please contact the GSP Secretariat at [email protected]


Recarbonizing global soils – a technical manual of recommended management
practices

Country of origin: United Nations


Year of development: 2021
Copyright: FAO and Intergovernmental Technical Panel on Soils (ITPS)

Scope: to gather, in a standardized format, the existing data on the impacts of the main soil management practices
on SOC content in a wide array of environments, including the advantages, drawbacks, and constraints.

Users: extension agents, farmers and researchers.

Beneficiaries: farmers

Brief description: This technical manual is the first attempt to gather, in a standardized format, the existing data on
the impacts of the main soil management practices on SOC content in a wide array of environments, including the
advantages, drawbacks and constraints. This exhaustive review will also be useful to identify research gaps in SOC
research.

This manual presents different sustainable soil management (SSM) practices at different scales and in different
contexts, supported by case studies that have been shown with quantitative data to have a positive effect on SOC
stocks and successful experiences of SOC sequestration in practical field applications.

The manual consists of six volumes:

• Volume 1 is an introduction to the full collection and presents the detailed methodology and structure of
the following volumes.
• Volume 2 includes a description of major areas for consideration for the maintenance or improvement of
SOC stocks. This manual defines hot spots of SOC as areas that represent a proportionally little of the global
land surface but on which SOC storage is highly effective; bright spots as large land areas with low SOC
stocks per km that represent a potential for further carbon sequestration.
2

• Volume 3 includes a total of 49 practices available in cropland, grassland, integrated systems and farming
approaches.
• Volume 4 includes 51 case studies dealing with cropland, grassland, integrated systems and farming
approaches.
• Volume 5 includes 24 practices available in forestry, wetlands and urban soils.
• Volume 6 includes 30 case studies dealing with forestry, wetlands and urban soils management.
Figure 41. Preview of the six volumes in the manual.

Limitations: due to the existing limited results in some of the practices, it will have to be updated in the future
with results of ongoing research.

Notes on its development: This manual is one of the results of the document “Unlocking the potential of soil organic
carbon” (FAO, 2017b), which gathers the conclusions of the Global Symposium on Soil Carbon (GSOC17) held at the
FAO headquarters in Rome in 2017. This manual has been developed through the participatory work of more than
400 soil management experts from around the world. The document has been peer-reviewed by an Editorial Board
composed of members from FAO, ITPS, UNCCD-SPI, the Scientific and Technical Committee of the 4p1000 Initiative
and the CIRCASA project.

Supportive material: please visit https://www.fao.org/global-soil-partnership/areas-of-work/soil-organic-carbon-


manual/en/

Contacts: please contact the GSP Secretariat at [email protected]


About VERRA

Verra is a nonprofit corporation founded in 2007 by environmental and business leaders who saw the need for
greater quality assurance in voluntary carbon markets. They currently manage the world’s leading voluntary carbon
markets program, the Verified Carbon Standard (VCS) Program, as well as a suite of other programs, incubate new
ideas to generate meaningful environmental and social value at scale, and advance the use of these programs
worldwide.

➢ Verified Carbon Standard (VCS)

Country of origin: United States


Year of development: 2007
Copyright: Verra

Scope: it is a greenhouse gas (GHG) crediting programs that sets the standards for climate action and sustainable
development.

Users: Stakeholders working in several sectoral scopes, including activities related to the Agriculture, Forestry, and
Other Land Use (AFOLU) sector.

Beneficiaries: general public, including farmers, consumers, governmental and non-governmental organizations

Brief description: The Verified Carbon Standard (VCS) Program is the world’s most widely used greenhouse gas
(GHG) crediting program. It drives finance toward activities that reduce and remove emissions, improve livelihoods,
and protect nature. VCS projects have reduced or removed more than one billion tons of carbon and other GHG
emissions from the atmosphere. The VCS Program is a critical and evolving component in the ongoing effort to
protect our shared environment. By marrying scientific rigor and transparency with innovative thinking, the VCS
Program has continually brought new projects, organizations, and people into the voluntary carbon market, as well
as a growing number of compliance markets, and given them the necessary confidence to participate.
© Verra ALL RIGHTS RESERVED

Limitations: Some VCS methodologies are regional-specific, but most of them are applicable worldwide.

Notes on its development: The VCS program was developed with the aim of driving finance to activities that promote
climate action. The VCS Program has continually brought new projects, organizations, and people into the voluntary
carbon market, as well as a growing number of compliance markets, and given them the necessary confidence to
participate.

Supportive material: please visit https://verra.org/programs/verified-carbon-standard/

Contacts: please contact [email protected]


➢ VM0042 Methodology for Improved Agricultural Land Management, v2.0

Country of origin: NA
Year of development: 2023
Copyright: Verra

Scope: Support the Agriculture, Forestry, and Other Land Use (AFOLU) sector in accessing greenhouse gas (GHG)
crediting programs.

Users: Public and private organizations (Project Developers)


and Farmers.

Beneficiaries: Public and private organizations (Project


Developers) and Farmers.

Brief description: This methodology quantifies the greenhouse


gas (GHG) emission reductions and soil organic carbon (SOC)
removals resulting from the adoption of improved agricultural
land management (ALM) practices. Such practices include but
are not limited to, reduced tillage and improvements in
fertilizer application, biomass residue and water management,
cash and cover crop planting and harvesting practices, and
grazing practices.

Limitations: Applicable only to projects related to agricultural


land management (ALM) activities.

Notes on its development: The revisions were coordinated by


Verra in-house experts with technical input from TerraCarbon
LLC and Viresco Solutions (on uncertainty assessment) as well
as a range of expert stakeholders.

Supportive material: please visit https://verra.org/methodologies/vm0042-methodology-for-improved-


agricultural-land-management-v2-0/

Contacts: please contact [email protected]


➢ VMD0053 Model Calibration, Validation, and Uncertainty Guidance for the
Methodology for Improved Agricultural Land Management, v2.0

Country of origin: NA
Year of development: 2023
Copyright: Verra

Scope: Support the Agriculture, Forestry, and Other Land Use (AFOLU) sector in accessing greenhouse gas (GHG)
crediting programs.

Users: VM0042 v.2.0 projects

Beneficiaries: NA

Brief description: This module provides procedures for


calibration, validation, and verification of empirical or process-
based models used to estimate soil organic carbon stock
change and greenhouse gas (GHG) fluxes with application of
VM0042 Methodology for Improved Agricultural Land
Management. It provides a standardized approach to test
model performance as an optional component of GHG emission
reduction and removal quantification in a VM0042 project.
Module application results in generation of a Model Validation
Report (MVR) which must be assessed by an independent
modeling expert (IME) to support independent verification that
a model is valid and used appropriately to quantify GHG
benefits.

Limitations: Applicable to arable soils.

Notes on its development: The revisions were coordinated by


Verra in-house experts with technical input from TerraCarbon
LLC as well as a range of expert stakeholders.

Supportive material: please visit https://verra.org/methodologies/vmd0053-model-calibration-validation-and-


uncertainty-guidance-for-the-methodology-for-improved-agricultural-land-management-v2-0/

Contacts: please contact [email protected]

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