Incentive mechanisms of carbon farming contracts: A systematic mapping study.

Despite increasing interest, a lack of comprehensive knowledge regarding the efficient design and implementation of carbon farming schemes remains. These schemes must efficiently achieve higher carbon sequestration, incentivize farmers, and increase farmers' participation in global carbon markets. Our study systematically reviews, describes, and maps available evidence related to carbon farming contracts to assess different incentive mechanisms for carbon farming. We conduct a systematic mapping review of articles extracted from various databases employing the Collaboration for Environmental Evidence method. We shortlist 52 articles and analyze about 40 global case studies, identifying three main incentive mechanisms of carbon farming contracts, namely, result-based, action-based, and hybrid payments. We examine how these incentive mechanisms are designed, in addition to associated payment types, monitoring approaches, and barriers to implementation. Result-based payments include stringent monitoring and can be implemented through auctions, carbon credits, product labels or certificates. Action-based payments are found to be simpler, with lower monitoring requirements for farmers and can be paid upfront or after contract implementation. Hybrid payments combine both techniques, offering low-risk and guaranteed payments for farmers and definite environmental mitigation impacts. Result-based and hybrid payments motivate farmers to innovate to meet environmental objectives while also connecting them to carbon markets. The major challenges to developing a successful carbon farming project include lack of permanence, non-additionality, and the absence of stringent monitoring, reporting, and verification standards, all of which affect farmers' incentives. This study determines that carbon farming contract design and efficiency can be improved by analyzing the lessons learned from previous experiences. By examining and improving the attributes that define different incentive mechanisms, farmers can be better motivated to enroll in carbon farming schemes and benefit from increased access to carbon markets to potentially transform agriculture into a viable tool for climate action.

Bioeconomy and Circular Economy: Implications for Economic Evaluation in the Post-COVID Era.

The objective of this paper is to review selected insights about the current economic research on the Bioeconomy and circular economy, with a particular focus for the role of primary sector, and to derive implications for organisation, evaluation and valuation practice in the context of the post-COVID era. A framework for the analysis of optimal level of circularity and related economic and evaluation concepts is developed for this purpose. We highlight how higher focus on circularity will increase the complexity of market relationships, contributing to flexibility, but also to uncertainty. The paper argues that these issues will become more important in the post-COVID era, due to the plea for increasing Bioeconomy resilience. New organisational concepts and models are hence needed. Evaluation, on the other hand, will need to be embedded even more in the decision-making processes, in spite of the increasing uncertainty and difficulties in evaluation.

The role of biotechnology in the transition from plastics to bioplastics: an opportunity to reconnect global growth with sustainability.

Building new value chains, through the valorization of biomass components for the development of innovative bio-based products (BBPs) aimed at specific market sectors, will accelerate the transition from traditional production technologies to the concept of biorefineries. Recent studies aimed at mapping the most relevant innovations undergoing in the field of BBPs (Fabbri et al. 2019, Final Report of the Task 3 BIOSPRI Tender Study on Support to R&I Policy in the Area of Bio-based Products and Services, delivered to the European Commission (DG RTD)), clearly showed the dominant position played by the plastics sector, in which new materials and innovative technical solutions based on renewable resources, concretely contribute to the achievement of relevant global sustainability goals. New sustainable solutions for the plastic sector, either bio-based or bio-based and biodegradable, have been intensely investigated in recent years. The global bioplastics and biopolymers market size is expected to grow from USD 10.5 billion in 2020 to USD 27.9 billion by 2025 (Markets and Markets, 2020, Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region - Global Forecast to 2025), and this high growth is driven primarily by the growth of the global packaging end-use industry. Such relevant opportunities are the outcomes of intensive scientific and technological research devoted to the development of new materials with selected technical features, which can represent feasible substitutes for the fossil-based plastic materials currently used in the packaging sectors and other main fields. This article offers a map of the latest developments connected to the plastic sector, achieved through the application of biotechnological routes for the preparation of completely new polymeric structures, or drop-in substitutes derived from renewable resources, and it describes the specific role played by biotechnology in promoting and making this transition faster.

Building long-term vision for rural areas through multi-actor platforms: a preliminary study in the Emilia-Romagna region.

Developing long-term visions through participatory approaches can be very useful to explore different possible scenarios and pathways to reach desirable futures. This brief report describes a participatory process carried out in the Emilia-Romagna region (Italy) to develop a long-term vision for rural areas by 2040. This approach consisted of: (i) interviews and a focus group carried out with a multi-actor platform (MAP) composed of experts from science-society-policy sectors, and (ii) an on-line questionnaire addressing a larger number of rural stakeholders of the region. Mixing expert-based consultation through the MAP with a more inclusive consultation approach resulted in an effective method to build long-term visions in the very heterogeneous rural context of the Emilia-Romagna. However, this study only constitutes a preliminary step into a more elaborated backcasting approach.

New advances in the integrated management of food processing by-products in Europe: sustainable exploitation of fruit and cereal processing by-products with the production of new food products (NAMASTE EU).

By-products generated every year by the European fruit and cereal processing industry currently exceed several million tons. They are disposed of mainly through landfills and thus are largely unexploited sources of several valuable biobased compounds potentially profitable in the formulation of novel food products. The opportunity to design novel strategies to turn them into added value products and food ingredients via novel and sustainable processes is the main target of recently EC-funded FP7 project NAMASTE-EU. NAMASTE-EU aims at developing new laboratory-scale protocols and processes for the exploitation of citrus processing by-products and wheat bran surpluses via the production of ingredients useful for the formulation of new beverage and food products. Among the main results achieved in the first two years of the project, there are the development and assessment of procedures for the selection, stabilization and the physical/biological treatment of citrus and wheat processing by-products, the obtainment and recovery of some bioactive molecules and ingredients and the development of procedures for assessing the quality of the obtained ingredients and for their exploitation in the preparation of new food products.

Implementing the water framework directive: contract design and the cost of measures to reduce nitrogen pollution from agriculture.

The performance of different policy design strategies is a key issue in evaluating programmes for water quality improvement under the Water Framework Directive (60/2000). This issue is emphasised by information asymmetries between regulator and agents. Using an economic model under asymmetric information, the aim of this paper is to compare the cost-effectiveness of selected methods of designing payments to farmers in order to reduce nitrogen pollution in agriculture. A principal-agent model is used, based on profit functions generated through farm-level linear programming. This allows a comparison of flat rate payments and a menu of contracts developed through mechanism design. The model is tested in an area of Emilia Romagna (Italy) in two policy contexts: Agenda 2000 and the 2003 Common Agricultural Policy (CAP) reform. The results show that different policy design options lead to differences in policy costs as great as 200-400%, with clear advantages for the menu of contracts. However, different policy scenarios may strongly affect such differences. Hence, the paper calls for greater attention to the interplay between CAP scenarios and water quality measures.