Story

By Philip Smith
Environment and biodiversity
South Africa
Corporate Centre
Spekboom Net Zero is a large-scale ARR carbon capture project in South Africa based on planting Spekboom on selected available farmland. First phase of this project is on the order of 7,300 Ha with the potential of capturing over 100,000 tones CO2 per year for decades to come. The project provides an opportunity for Spekboom thicket restoration supported and financed through the carbon markets. Eligible farms may plant Spekboom truncheons in areas where Spekboom once flourished. This is a grouped project where additional landowners and farmers may participate over time in an ever-increasing amount. SNZ plans to plant 10,000 Ha per year for the next 3 years to capture 12.4 million tCO2 over 30 years. Growing Spekboom absorbs CO2 at a rate similar to the Brazilian rain forest. Carbon sequestration is measured by analyzing carbon content in aboveground biomass, litter, and soil. These measurements are made annually after establishing a baseline. A species-specific allometric model will be employed in some cases to covert measurements into tones of CO2 removals per Ha. South Africa’s SDG goals are expanded through project activities such as increased income to local farmers, employment for farm workers, investing in the local communities, and improving area biodiversity. The project will also improve social livelihoods for some of South Africa’s population facing the challenges of poverty, high unemployment, and a skewed distribution of resources. Estimated income to project farmers at full growth may be around R 2.4 million per year per 1000 hectare of carbon capture land. Spekboom which can last for up to 200 years is important to South Africa’s SDG 15 goal is to protect, restore and promote the conservation and sustainable use of terrestrial and other ecosystems. SNZ arranges funding for Spekboom truncheon planting activity. Each farmland owner then receives 70% of the carbon credit income, SNZ retains 30% for services rendered. You may visit https://www.socialcarbon.org/ where our project is listed as "Spekboom Regeneration and Carbon Sequestration" to see our Methodology SCM0004 specifically developed for Spekboom based on 15 years of peer reviewed research publications. Also see our Project Description Section 6, “SOCIALCARBON® Indicators,” for measures designed to track progress of SNZ planned socioeconomic activities. This is the right project for South Africa. Carbon Farming will increase employment in Eastern Cape where unemployment is near 50%. This high unemployment rate is partly due to habitat degradation, which has resulted in a decline in the agricultural sector in this region. Project success is expected to spurn similar projects thus spreading these social and economic benefits throughout South Africa. Income to farmers at full growth will continue next 100 years or more. Actual income to farmers will depend upon many factors such as truncheon survival rate, plant growth rate and market price for carbon credits.