The German Environment Agency (UBA), Ecologic Institute, and Oeko-Institut organise an online workshop on the challenges, risks and opportunities of market-based approaches to funding climate-friendly soil management in the EU.
Nature-based solutions to sequester and store carbon in soils offer significant climate change mitigation opportunities, whilst also enhancing biodiversity and human well-being (Nature-based solutions and global climate protection | Umweltbundesamt). A growing number of private and public standards aim to increase soil sequestration and storage within Europe by paying farmers and other landowners in return for carbon removals. Before the end of 2022, the European Commission will propose a regulatory framework for certifying carbon removals in response to this growing interest. However, there are concerns about the suitability and risks of market-based approaches to soil carbon sequestration - in particular, related to the challenges of ensuring permanence, additionally, sustainability, and accurate quantification of emission reductions or removals.
This participatory online workshop will assess the current landscape of soil carbon standards and evaluate their suitability as a tool for achieving net zero goals. The workshop will feature scene-setting presentations and exploratory panel discussions from soil carbon sequestration and voluntary carbon experts. However, the focus will be on drawing on participant knowledge and experience to deepen understanding of key challenges for market-based approaches, potential solutions, and to establish minimum standards and recommendations for Europe.