When subscribing to AgreenaCarbon, certain sets of data are requested to define the fields to be enrolled in the programme.
This data is used to define a field's baseline - the current state of greenhouse gas (GHG) emissions pr. hectare for that specific field. We then ask for data for the expected transition, called Field Strategy, as the platform can calculate the GHG emissions on your transitioned practices.
From there, we quantify the corresponding estimated reductions, which represent the difference between the calculated baseline emissions and the footprint from your current strategy inputs.
Estimated reductions = calculated baseline - strategy footprint
From the estimated reductions, we are then able to calculate the number of issuable certificates that a participant can receive from their efforts. These are obtained by applying the programme's non-permanence buffer, which ensures the lifetime validity of the reductions and also applying our issuance fee that covers our cost related to data capture, quantification & certification.
Issuable certificates = estimated reductions - buffer - issuance fee
The non-verified effects showcase the possibility of getting verification deductions on your potentials. This is because we use 3rd party services & datasets to verify the effect of the reported transition practices and it might prove to be better or worse than reported.
A farmer reports cover crops for the full field, up until spring, but through satellite imagery & NDVI data, it is evident that a freezing November has left 50% of the fields cover crops ruined and green cover stopped in November. Therefore, the programme will deduct the removals accounted for during November and march due to cover crops.
At the end of the harvest year, as the participants input their actual fields data, which we audit and verify, we can issue the year's verified number of certificates.
The certificates will then be available on the participant's Registry on our platform.
The participants then have two choices:
Use Agreena's brokerage services, in exchange for a 15% brokerage fee on the earnings when the certificates are sold, or
Keep and manage their own certificates (or use a 3rd party distributor).
This, therefore, means that the participants have the full freedom to decide however they prefer to use the results of their harvest year's efforts and get to enjoy the actual market price of their certificates.
For more information about the programme's pricing and fees, see Pricing & Fees.
Our model & methodology
Our model namely but not only takes the following information to define a field's baseline:
The soil characteristics: moisture, texture, drainage and pH level
The history of the field
The current cultivation practices: tillage, cover crops, use of pesticides, organic practices, etc.
The model used to quantify emission reductions is ISO 14064 standard certified, and the methodology is based on IPCC guidelines (The Intergovernmental Panel on Climate Change, under the United Nations Framework Convention on Climate Change), and last but not least, the CoolFarmTool – the leading GHG quantification algorithm in Europe.
Next, learn more about AgreenaCarbon's pricing and fees.
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