The Business Council for Sustainable Development Australia welcomes soil carbon innovator, AgriProve
AgriProve, a one-stop-shop for soil carbon, has joined the Business Council for Sustainable Development Australia (BCSD Australia).
A special purpose vehicle established by Corporate Carbon, AgriProve works with leading emission reduction project developers and facilitates participation in the Emission Reduction Fund (ERF). Soil carbon sequestration projects like those managed by AgriProve not only assist the agricultural industry in reducing its emissions, they also help farmers by increasing the productivity of their farms and the overall sustainability of the sector.
“The projects being facilitated by AgriProve are really exciting for Australian agriculture and will have a transformational role in contributing to Australia decarbonising the sector, and rebuilding Australia’s natural capital,” said Andrew Petersen, CEO of BCSD Australia.
“With more soil carbon projects such as these, Australia will be better positioned for meeting its targets under Sustainable Development Goal 15: Life on land.
“AgriProve’s innovative business solution will be an important Australian contribution to the international business leadership across the World Business Council for Sustainable Development’s Natural Climate Solutions and Climate Smart Agriculture programs," Petersen said.
Managing Director of AgriProve, Matthew Warnken said, “We are delighted to be joining BCSD Australia and its network of sustainable organisations. Soils are the world’s largest terrestrial carbon sink, containing more carbon than the Earth’s vegetation and almost twice the levels in the atmosphere. But soil health is largely in decline.
“AgriProve has the potential to mainstream regenerative farming practices that restore healthy soils, build soil organic carbon and improve water management – generating income for farmers and mitigating climate change,” Warnken said.
In mid-March, Australia’s first soil carbon credits were issued under the ERF for AgriProve’s flagship project in eastern Victoria. They were also the first soil carbon credits globally to be eligible under a national target in accordance with The Paris Agreement. The AgriProve team is involved with over 90 per cent of all soil carbon projects in Australia and is focused on tripling the number of soil carbon project registrations over the next 12 months.
About the Business Council for Sustainable Development Australia (BCSD Australia)
Previously known as Sustainable Business Australia, the Business Council for Sustainable Development Australia (BCSD Australia) is the national peak body representing forward-thinking companies and organisations that are working towards the transition to a sustainable Australia. Our mission is to accelerate this transition by making sustainable business more successful. We are the Australian partner of the World Business Council for Sustainable Development, the We Mean Business coalition and the Carbon Disclosure Project, and we are the Australian focal point for the Natural Capital Coalition. Our members come from all sectors and industries, representing more than 150,000 employees across Australia.
About WBCSD Natural Climate Solutions
“Natural Climate Solutions” (NCS) help nature do what it’s been doing for millions of years: sequester and store carbon. New research shows that these solutions could deliver 37% of the emissions reductions needed to limit global warming to 2°C. However, despite their massive potential, they only make up 1% of the climate conversation. We’re changing that by boosting awareness across the business community and helping the private sector invest in nature. Learn more about WBCSD's Natural Climate Solutions program
About WBCSD Climate Smart Agriculture
Agricultural production systems must be transformed to achieve greater productivity, be more resource efficient, and more resilient to risks, shocks and climate variability. WBCSD has convened companies from the food and agriculture sector to address the dual challenges of climate change, and the need to satisfy the nutritional requirements of a growing global population. CSA focuses on achieving this while preserving natural resources and improving livelihoods of farmers around the world.