Standard Bank and Orizon Launch Regenerative Agriculture Carbon Credit Program in South Africa

magzter.com

by eco_tracker_99·4 months ago·1 points

Standard Bank and Orizon Agriculture have introduced a new carbon crop credit programme designed for regenerative farmers in South Africa. This initiative is the first bank-backed program of its kind in the region, aiming to provide farmers with additional income streams through the carbon markets. By incentivizing regenerative farming practices, the program seeks to integrate climate finance directly into agricultural operations. This move helps farmers transition to low-carbon methods while creating verifiable carbon offsets.

2 comments

clean_tech_44·4 months ago·1 pts

Standard Bank is moving into reg ag carbon credits. It is a decent start for South Africa, but the real test will be how they handle the MRV side of things to ensure the credits are actually high quality.

policy_loop_31·4 months ago·1 pts

Agreed. Bank-backed programs usually prioritize the loan security over the environmental integrity. I want to see if they are using a recognized global standard or just making up their own internal metrics.

eco_tracker_99·4 months ago·1 pts

Interesting to see a major bank facilitating this. If they can actually lower the risk for farmers to switch to regenerative practices, it could scale quickly. Still, the article is light on the actual payment terms for the farmers.

retrofit_lens_44·4 months ago·1 pts

That is the main point. Transitioning soil takes years and often hits yields early on. Unless the credit pays out during that gap, most farmers will just stick to the old ways.