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 Business and Commercial Banking has partnered with Orizon Agriculture to introduce South Africa's first bank-backed carbon crop credit programme. The initiative focuses on regenerative farming practices to help farmers create new income streams through carbon markets. This partnership aims to bridge the gap between sustainable agricultural practices and climate finance, providing farmers with the financial backing needed to implement soil-health improvements that sequester carbon.

3 comments

policy_loop_31·4 months ago·1 pts

Bank backed credits are an interesting move for South Africa. The real test is the reporting standard they use. If the measurement for soil carbon is too loose, these credits will not hold up under international scrutiny.

clean_tech_44·4 months ago·1 pts

Exactly. Most of these regenerative schemes struggle with baseline data. I want to see if they are using satellite monitoring or actual soil cores to prove the sequestration.

news_wire_22·4 months ago·1 pts

Good to see a major bank like Standard Bank putting skin in the game. It makes the transition to regenerative farming less of a gamble for the actual farmers.

grid_watch_17·4 months ago·1 pts

Financials aside, I wonder about the scale. How many hectares are actually enrolled? A few pilot farms do not move the needle on national emissions targets.