Climate Bonds Initiative - Agriculture Criteria Webinar 1 - Shared screen with speaker view
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Hi everyone, looking forward to hearing everyone's feedback and questions.
It will be useful to understand the rationale for the significant exceptions allowed for alternative meat and dairy products. If the rationale is that these are likely to enable low-GHG diets, there are many other food categories (perhaps less trendy ones) that could be considered for similar exemptions.
Good to know there is an evidence base for alternative meat and dairy, but there is likely similar evidence for other food types
Smallholder farmers in Africa absolutely lack the capacity to measure any of these changes. The knowledge gap is huge. Farmers barely know the content of their soil. Did you take this into consideration?
I want just to here if you have any African experience of climate bond, how it worked. If not what are your opinion on how it can work in Africa?
In Requirement 3, do you expect or forecast a difference in interest in the Green Bonds from investors, in case Option 1 or Option 2 is chosen?
Anahi Sebastian Rico Chinchilla
I have been reviewing the core required practices and found a handful that are rather vague; for instance, in Livestock Management of soil for net carbon sequestration, one of the requirements is "reduced tillage", but no specifics are given; reduced compared to what? how much "reduction" is considered sufficient?
Here is a link to the Olam AtSource platform. We undertake supply chain specific GHG assessments (including Africa!) at the AtSource+ level. We'd be happy to walk you through this. https://www.atsource.io/
With regards to the cut-off date in Requirement 1, has there been an analysis of how this may influence the number of bankable projects? For certain geographies or crops where 2008 was not a key date (e.g soy outside of the Legal Amazon), we have found that this could be quite restrictive.
As a start, see the EAT-Lancet report which proposes a “healthy reference diet largely consists of vegetables, fruits, whole grains,legumes, nuts, and unsaturated oils, includes a low to moderate amount of seafood and poultry, and includes no or a low quantity of red meat, processed meat, added sugar, refined grains, and starchy vegetables.” One concern with potentially cherry-picking alternative meat and dairy is that CBI would be sending a signal that these are the only foods that contribute to climate mitigation.
I quite appreciate your recognition that defining Agriculture is challenging due to high variability within the sector and nature of agric production system. looking at barriers posed by these two challenges, how can one use these criteria in subsaharan Africa where the sector is yet to witness any significant movement towards mechanisation and large scale holdings.
Thanks, would be happy to take the discussion on cut off dates forward offline.
Please let us do more in taking this discussion to the grass root especially in Africa to get real feelings of what farmers are able to adopt to.
I see this applying through Olam's smallholder supply chain programmes in all geographies including SSA.
Cesar J Vazquez-Navarrete
Mexcian government has an insitution that define a set of best agricultural practices and all inputs are considered. However, farmers adapt these recomendations to their conditions; normally they use less inputs because of high prices. Is this possibe to use official information as a baseline ande then move to gather and register real data.
Re: broadening the set of ‘low-GHG food’ categories in the Criteria (and avoiding being out of step with the large scientific and policy conversation on this subject), look at Springmann et al https://www.nature.com/articles/s41586-018-0594-0
Thank you for this
thanks so much everyone!