Carbon Insetting Framework: a tool for economic incentivesBy SHP Staff on Thursday, 16 April, 2020
At Commodity Classic, Soil Health Partnership Senior Director John Mesko introduced the new Carbon Insetting Framework that will help farmers verify and validate carbon that has been put into the ground and utilize the economic benefits that come with taking advantage of climate smart practices. This project is in conjunction with Bayer, Climate Smart Group, DNDC-ART, Applied GeoSolutions, EFC Systems, CropGrowers, and funded by National Resource Conservation Service (NRCS) Conservation Innovation Grants (CIG).
“SHP has test plots on over 200 farms throughout 16 different states where we help farmers evaluate changes in farming practices and how those changes impact the health of their soils and impact the future of their farms,” said Mesko, in regards the new Carbon Insetting Framework.
The main focus of the program is to provide a framework for quantifying ecosystem services such as carbon storage and sequestration within the scope of a company’s supply chain that could be used to demonstrate greenhouse gas impacts. Conservation practices have become a key aspect of how farmers can help protect soil and water resources while improving a farms’ resilience against climate change.
By supporting farmers who are working with practices that hold the potential to remove carbon from the atmosphere and store it in the soil, SHP is showing the value of farmers and their practices to the environment.
The Carbon Insetting Framework brings in regulations and facilitation for farmers to start benefiting from their ability to positively impact the environment . With the help of on-farm testing SHP provides through on-farm research, this program is practical for farmers. The goal is to make the framework public and pave the way for farmers to capitalize on that market as it develops in the future.
By working with growers to implement agronomic practices, Bayer has played a key role in facilitating the reduction of over 200,000 tons of carbon emissions on seed production farms. This will help growers harness the economic benefits of climate smart practices.