The Project
| Name | Roadmap for soil carbon - market based solutions. |
|---|---|
| Executive Summary | Australia'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 1000 | Market 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 countries | Global |
| Beneficiaries | Farmers |
| Estimated Duration (months) | 36 |
| Estimated Budget (USD) | 10000000 |
| Project stage | Concept stage |
| FASP Language | English |
The Project Owner
| Lead Organization | Soil Carbon Industry Group |
|---|---|
| Country | Australia |
| Organization type | NGO |
| 4p1000 Membership | yes |
Alignment with the "4 per 1000" Strategy
| Main Objective | A5 Carbon markets (GF) |
|---|---|
| Main Activity | A5.4 Improve recognition of co-benefits |
Other Activities | A5.3 Compare Schemes A5.7 Promote alternative markets |
