Global regenerative agriculture initiative, regenagri® has launched its own carbon standard, tailor-made for the farming sector. The standard will enable farms and their supply chains to benefit from funding via the carbon credit market.
regenagri is a holistic regenerative agriculture initiative offering implementation support, regenerative certification, and a digital hub for monitoring on-farm data, with the new standard completing the range of services offered.
Farmers wishing to engage in regenerative transition can access verifications of the greenhouse gas (GHG) emissions and carbon sequestration achieved by their regenerative practices. The assessments are done under ISO 14065 accreditation, allowing users to generate carbon credits. This opens up access to an additional source of funding, by selling credits on the green finance market or using them in setting up projects along their supply chain.
Equally, agricultural supply chain organisations which are working to address ‘scope three emissions’ can benefit by purchasing the credits to fund the transition of their supply chain.
Importantly, the regenagri approach allows for retrospective validation for up to five years. This means projects which began before signing up to the standard can be included if sufficient evidence can be provided.
The regenagri team will use this new standard to support farms in the project design stage, through implementation of the project. The validation and verification of registered projects is done by international certification body Control Union.
Franco Costantini, MD of Control Union UK comments: “We are delighted to see the launch of this new regenagri Carbon Standard. Key to its success is its robust approach which ensures the project could not be done without the revenue from the carbon credit.
“It also specifies that greenhouse gases are removed from the atmosphere for at least 100 years and has robust requirements for measurement and independent verification.”
Filippo Guerrini from regenagri comments: “Carbon credit programs can be extremely complex, so we have worked hard to build a practical standard while maintaining robustness. For example, we have simplified the methodology to allow for a streamlined process and tailored it for use by farmers in grouped projects.
“To bridge the gap between investments and return coming from carbon credits, project developers can, under specified conditions, apply to receive a proportion of the credits after project validation. This provides earlier access to funds and can help scale up the regenerative transition.
“With the publication of the regenagri Carbon Standard, we are providing farmers and agricultural groups with the financial means and a route to transition as fast as possible to agricultural systems which can help mitigate, and adapt to, the climate crisis while also regenerating our agri-environment.”
The new standard, along with the regenagri Project Design Document template, are now available on the regenagri website regenagri.org.