Study: The non-monetary value of carbon projects

The carbon market holds promise to a multi-billion dollar business, and this has been a key motivation factor for many to engage in various carbon projects. While the monetary potential of the carbon market remains real, there is evidence that these initiatives could also lead to other sustainable benefits.

A new study by the CGIAR Research Program on Climate Change Agriculture and Food Security (CCAFS) and EcoAgriculture Partners  shows that in addition to the monetary looked at six carbon projects in Africa and found that while direct carbon payments to farmers are low, projects have successfully established systems for financial management, agricultural extension, and carbon monitoring involving a complex set of partnerships. The projects have established institutional relationships with farmers through small farmers’ groups and clusters, which enables broad participation, efficient contracting, timely communication, provision of extension services, benefit-sharing, and gender-focused activities.  Read more and download report from CCAFS

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