Innovations to Boost Investment in Healthy Soils
The World Bank
Time: Wednesday, 26. January 2022, 3:00 p.m. – 4:00 p.m. (CET), subsequent deep dive 4:00 p.m. – 4:30 p.m.
Languages: English, German
The objective of this session is to explore innovations in financing models and partnerships required to engage the private sector and close the gap in investment in healthier soils. Investing in soil health can provide social, financial and environmental benefits. Healthy soils build drought resilience, increase yield stability, reduce nutrient loss and increase carbon sequestration. These multiple benefits make soils one of the most cost-effective ways to achieve food systems transformation. Yet, investments in soils remain meagre. To harness the nearly $600 billion in public support and trillions in private investment in agriculture and food towards new investments in soil protection and restoration, innovations in financing and partnerships are required to bridge the gap between the substantial economic and environmental benefits to society and the frequent perception of limited financial incentives for producers.
This session will highlight the challenges from the perspective of private sector producers, and the innovations in financing (e.g. outcome-based financing linked to technology-based soil carbon MRV systems) and partnerships (e.g. private companies and farmer groups through the Food Systems, Land Use and Restoration (FOLUR) Impact Program) whose wider application could drive soil protection and restoration at the scale needed to benefit of farmers, business and the environment and create healthy people, a healthy planet and healthy economies.