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Web seminar - 10 September 202= 0
Enhancing soil health can contribute to improving agricultural productiv= ity as well as soil organic carbon (SOC) sequestration. UNFCCC=E2=80=99s Ko= ronivia Joint Work on Agriculture, Sustainable Development Goal 15 and the = Land Degradation Neutrality framework demonstrate the increasing attention = of policy makers to the importance of SOC for land productivity and food se= curity. In addition to that, the 4 per 1000 Initiative has been promoting a= global partnership intending to facilitate efforts across multiple stakeho= lders to promote action at all levels to increase SOC stocks globally.
Despite the broad international attention, a large gap remains between t= he potential of SOC sequestration and implementation of practices on the gr= ound as well as trade-offs with the emissions of greenhouse gases (GHG). As= the investment community seeks to improve its climate impacts, many organi= zations are now asking how to best support implementation of those practice= s. Diverse opportunities for public and private finance exist and are emerg= ing. For example, the UNCCD set up the Land Degradation Neutrality (LDN) Fund as an =E2=80=9Cimpact investment fund blending resources from the publi= c, private and philanthropic sectors in support of achieving LDN through su= stainable land management and land restoration projects undertaken by the p= rivate sector worldwide.=E2=80=9D
Major constraints are the need of transparent, accurate, consistent and = comparable methods for accounting changes in SOC stocks and net GHG emissio= ns, notably through the use of new technologies, as well as the need to ena= ble standardized protocols at low transaction costs. Promising approaches c= ombine pragmatic and user-friendly tools with site-specific modelling, and = make use of geospatial data sources and blockchain technology.
Purpose of the web seminar
The purpose of t=
his web seminar is to support investment-oriented actions promoting soil he=
alth and carbon storage by improving the accounting of soil carbon sequestr=
ation. We seek to answer the question: How can soil carbo=
n accounting improve to support investment-oriented actions promoting soil =
health and carbon storage?
To this end, participants will examine opportunities for action using no= vel methods and frontier technologies that enable linking technical practic= es with finance and policy for accurate and cost-efficient SOC accounting.&= nbsp; The workshop will also examine how improved SOC accounting can suppor= t three priority lines for action (Vermeulen, et = al. 2019): policy, business development and value for farmers to= promote scaling up of investment in soil health and carbon storage.
The key output of the meeting will be a summary of the state of the art = of the component methodologies or a combination thereof, and what is needed= next to make these most useable for investors to account for SOC sequestra= tion.
The event will bring together multilateral development banks, private ba= nks, and other investors, donors, and implementing organizations with devel= opers/providers of tools and project standards, to share experiences and de= velop solution pathways for enhanced investment and SOC accounting. The web= seminar is open to the public.
This event is co-organized by CCAFS-CGIAR, The Nature Conservancy, 4 per= 1000 Executive Secretariat, World Bank and the Meridian Institute.