Abstract
The adoption of soil stewardship practices across the agricultural sector is critical to address soil degradation and support farm resilience and profitability. Beyond supporting agricultural production, soil stewardship can promote various other ecosystem services relating to flood control, water purification, climate regulation and the promotion of biodiversity(1). Despite the apparent benefits, outside of the receipt of ACCUs for soil carbon sequestration, there are limited direct financial incentives for Australian farming soil stewards. This presentation explores the role of financial market participants in helping to address this challenge and ensure that farmers are appropriately rewarded for their investments in soil health.
The presentation focuses on banking and investment markets and how soil stewards might leverage on green banking and responsible investment innovations. The discussion draws on outcomes of projects - supported by the Soil CRC and the Australian Accounting Standards Board (AASB) – which have focused on opportunities to activate financial markets to reward soil stewardship through the enhanced provision of value-relevant soil information to bankers and investors.
The presentation focuses on banking and investment markets and how soil stewards might leverage on green banking and responsible investment innovations. The discussion draws on outcomes of projects - supported by the Soil CRC and the Australian Accounting Standards Board (AASB) – which have focused on opportunities to activate financial markets to reward soil stewardship through the enhanced provision of value-relevant soil information to bankers and investors.
| Original language | English |
|---|---|
| Publication status | Published - 05 May 2022 |
| Event | National Soils Advocate Forum 2022: Economic considerations and market-based drivers of soil health change - Old Parliament House, Canberra, Australia Duration: 05 May 2022 → 05 May 2022 https://conferenceco.eventsair.com/soilsadvocate/ |
Conference
| Conference | National Soils Advocate Forum 2022 |
|---|---|
| Country/Territory | Australia |
| City | Canberra |
| Period | 05/05/22 → 05/05/22 |
| Other | There is currently high interest in the economic opportunities associated with improving soil health. However, the economic drivers of improving soil health are complex and not well understood. At this forum, you will hear some of Australia’s leading experts discuss economic considerations that may drive practice change to improve soil health. The forum is for policy advisers and decision-makers from Australian Government and state and territory government departments, advisers, banking/finance, agriculture industry and agribusiness sector representatives. Both onsite and virtual registrations options are available. Face to face attendees can take advantage of the opportunity to network with the National Soils Advocate and forum speakers and ask questions during sessions. Virtual attendees have access to all the sessions and the ability to ask questions in real time via the Virtual Platform. The National Soils Advocate Forum 2022: Economic considerations and market-based drivers of soil health change is hosted by Australia’s National Soils Advocate, the Hon. Penny Wensley AC and supported by the Office of the National Soils Advocate. |
| Internet address |
Grant Number
- 103039
