Potential co-benefits from carbon farming
Carbon farming has the potential to provide a range of co-benefits in the form of ecosystem services other than climate regulation through carbon sequestration. Co-benefits can be divided into environmental and socio-economic benefits, as in the diagram below, and can be further categorised as private or public benefits. More detailed information on co-benefits from carbon farming can be found in the following publications.
- Review of market mechanisms, tools and frameworks for assessing and incentivising environmental co-benefits of carbon farming
- Evaluation of potential indicators for the co-benefits of carbon farming in NSW
- Improving access to carbon farming markets: stakeholder needs analysis
- Waters, C.M., McDonald, S., Reseigh, J., Burnside, D., Grant, R. (2020). Insights on the relationship between total grazing pressure management and sustainable land management: key indicators to verify impacts The Rangeland Journal, https://doi.org/10.1071/RJ19078
- Baumber, A., Waters, C., Cross, R., Metternicht, G., Simpson, M (2020). Carbon farming for resilient rangelands: People, paddocks and policy. The Rangeland Journal [Accepted June 2020] The Rangeland Journal, 2020, 42, 293–307, https://doi.org/10.1071/RJ20034
- Baumber, A., Metternicht, G., Cross, R., Ruoso, L.E., Cowie, A.L. & Waters, C. (2019). Promoting co-benefits of carbon farming in Oceania: Applying and adapting approaches and metrics from existing market-based schemes, Ecosystem Services, 39:100982, https://doi.org/10.1016/j.ecoser.2019.100982