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The new hub will enable and scale carbon market access in Vietnam and extends the intended impacts of this partnership to other countries that are operating in similar environments.

Gold Standard and the International Rice Research Institute (IRRI) have released a new resource hub designed to encourage and support the development of sustainable rice production activities in Vietnam, by simplifying rice producers’ access to new income streams from carbon finance.

In 2022, Gold Standard entered into a partnership with IRRI and the Australian Department of Foreign Affairs and Trade (DFAT) through the Business Partnerships Platform (BPP) with the aim of scaling carbon market access for sustainable rice producers in Vietnam. The Rice Sustainability Hub developed through the partnership is the first of its kind for the rice sector in Vietnam, and the resources and tools provided will help sustainable rice project developers across the world.

Margaret Kim, CEO of Gold Standard, said, “In launching the Rice Sustainability Hub, we hope to facilitate not just a significant reduction in methane emissions — a potent greenhouse gas – but also to open new opportunities for income for smallholder farmers, moving us closer to our dual goals of environmental sustainability and economic resilience.”

IRRI Climate Change Specialist, Dr. Katie Nelson said, “This new resource hub takes us a step closer to enabling and scaling carbon market access in Vietnam and extends the intended impacts of this partnership to other countries that are operating in similar environments.”

Rice production is a significant source of greenhouse gas emissions, contributing to around 8% of global agricultural emissions. Rice is the world’s most important staple food crop, helping to feed over four billion people and providing a livelihood for about 150 million smallholder farmers. Moving towards sustainable production practices will have a positive impact on the climate and on the livelihoods of millions of farmers.

As the third largest exporter of rice in the world, rice production is a major source of greenhouse gas emissions in Vietnam. The Government of Vietnam has pledged to reduce methane emissions by 30 per cent by 2030 and transitioning to sustainable rice production practices will be important to meet this objective. 

Sustainable rice farming can only be achieved by working closely with farmers, by giving them access to information, training, and financial support. Carbon finance offers one route to support these activities. The Rice Sustainability Hub is designed to provide the resources and tools project developers and other stakeholders need to effectively support the development of sustainable rice projects under the Gold Standard “Methane Emission Reduction by Adjusted Water Management Practice in Rice Cultivation” methodology.

While the hub aims to promote project activities in Vietnam, most of the resources and tools are also relevant for sustainable rice projects located in other countries. 

The new hub will enable and scale

The groundbreaking methodology will help beef producers better understand the impact of feed supplements, enabling projects to measure and quantify the reduction of methane emissions

Cargill partnered with TREES Consulting to develop a Gold Standard-approved beef methodology that offers the global beef industry a framework for measuring methane emissions reduction using feed supplements incorporated into beef cattle diets, such as SilvAir. Gold Standard’s certification process allows climate and sustainable development initiatives to quantify, manage and maximise the impacts toward climate security. It requires a verifiable impact toward three or more of the United Nation’s Sustainable Development Goals.

The new beef methodology defines a set of parameters that beef producers can adopt to quantify reductions in methane emissions, a greenhouse gas (GHG) that is derived from enteric fermentation (digestion process) in cattle through eructation (burping), as well as from manure handling. The new methodology is now available for beef producers worldwide to quantify, audit and verify methane reductions, enabling them to register their GHG mitigation project for Gold Standard certification. Gold Standard’s Verified Emissions Reductions (VERs) can be traded in carbon markets, allowing credit purchasers to directly support the projects.  These efforts can also be recognised in corporate value chains, whereby beef producers and food companies account for the reduction in supply chain GHG emissions, which contributes to their Scope 3 targets.  

As a leader in animal agriculture and the beef supply chain, Cargill is in an ideal position to support its network of beef producers with the resources and innovation they will need to meet sustainability challenges. Through its Reach4Reduction program, Cargill is taking a holistic approach to methane reduction by uncovering the potential of feed management and nutrition to do more with less, helping to ensure food security while protecting the planet. Although methane emissions from the enteric fermentation of cattle are a regular occurrence, Cargill recognises the opportunity to reduce methane’s intensity through its global animal nutrition business.

“We know that the industry is looking for more accurate tools to measure methane reduction,” said Joanne Sharpe, Cargill’s global ruminant sustainability lead. “As producers look at their current levels of production efficiency and work toward sustainability goals, we are committed to finding ways to ensure they can be recognised and rewarded for their efforts. As part of our methane reduction priorities, this methodology is a key step toward opening new possibilities to reduce GHG emissions in the beef supply chain.”

“Changing agricultural practice can help reduce methane emissions, and this new methodology provides beef producers with a way to reliably measure the impact of those changes,” said Margaret Kim, CEO, of Gold Standard. “Cargill’s support is helping pave the way for the animal agriculture industry to reduce methane emissions and complements Gold Standard’s other efforts to reduce the impact of agriculture on our planet – such as our recently published methodology which reduces the methane emitted by rice production”.

In practice, projects using the new methodology establish a baseline for emissions during business-as-usual” activities for at least three continuous years. The cattle given feed supplements must be identified and tracked throughout the project. The project crediting period is set at five years and can be renewed for an additional five years, excluding the baseline years.

The groundbreaking methodology will help beef producers