Development Implementation Result Tender

Start Date 01102021End Date 01102027Total Budget 6660720 EU Contribution 3662377 Project Location Belgium France Germany Ireland Italy Spain PROJECT DESCRIPTIONBACKGROUNDThe agriculture sector generates several greenhouse gases methane nitrous oxide and carbon dioxide and is responsible for 10.1 ofEuropean GHG emissions. However carbon sequestration in soil can also help remove atmospheric CO2. OBJECTIVESThe overall objective of the LIFE CARBON FARMING is to reduce the carbon footprint of agricultural products by 15 within six years using result-based funding. Carbon finance has a key role to play in incentivising and expanding low-carbon initiatives. The project will bring together actors involved in agriculture and other economic sectors public bodies industrial companies and banks to implement carbon finance mechanisms in six European countries.Specifically the project will aim to Develop a harmonised sustainability assessment methodology and a common process for monitoring reporting and verifying to help farmers reduce the carbon footprint of their farms and measure the progress achieved via Carbon Farming Projects CFP Train farmers and advisers and apply CFP in 700 farms in France Belgium Italy Ireland Germany and Spain Evaluate CFP implementation costs to improve funding initiative schemes Implement and disseminate carbon offset mechanisms that will consist of the development of a voluntary carbon market recruitment of carbon buyers contract procedures between farmers project developers and carbon buyers and Create and promote a European network of farmers and partners involved in CFP to share knowledge and replicate the project results and tools.