The Project

NameRoadmap for soil carbon - market based solutions.
Executive SummaryAustralia's 2021 Soil Carbon Method is a market-based mechanism for incentivising soil carbon increase.  So far 277,254 ACCU's (Australian Carbon Credit Units) have been issued across 11 projects (farms).  An application for developing a roadmap to accelerate rollout of this program across Australia did not receive funding from the Australian government.  This project takes a global view and will bring the same partners together if there is sufficient interest in a global roadmap.
Relevance for 4 per 1000Market based solutions are likely to be more effective in catalysing material climate action through increasing soil carbon stocks. 
Partners

KPMG Climate Policy Advisory

The Cooperative Research Centre for High Performance Soils

The Australian Soil Carbon Industry Group

The International Soil Carbon Alliance (global network of project developers) 

Target countriesGlobal
BeneficiariesFarmers
Estimated Duration (months)36
Estimated Budget (USD)10000000
Project stageConcept stage
FASP LanguageEnglish

The Project Owner

Lead OrganizationSoil Carbon Industry Group
CountryAustralia
Organization typeNGO
4p1000 Membershipyes

Alignment with the "4 per 1000" Strategy

Main ObjectiveA5 Carbon markets (GF)
Main ActivityA5.4 Improve recognition of co-benefits

Other Activities

A5.3 Compare Schemes

A5.7 Promote alternative markets