0
Credits

Credits issued by

Status

Issued

Issued on

June 01, 2022

Serial number

COAE-ABDALAH-EG630-043

The Center of Organic Agriculture in Egypt is validating and verifying the Economy of Love projects based on the EoL project design document prepared by the Carbon Footprint Center.

7.10.2022

2021

COAE-GTD-SEK-WAH-EG750-EG760-011-2525

11

Assigned

Amisol travel agency

Amisol Travel Agency acts as the middleman by selling the EoL Carbon Credits to their interested travelers  

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The wide-ranging impacts of climate change are adversely affecting millions of smallholder farmers around the globe, with farmers in Africa suffering the worst of these impacts. Rise in temperatures and extreme weather events, combined with a sharp increase in pests and diseases, are putting the very livelihoods of these farmers at risk.

The wide-ranging impacts of climate change are adversely affecting millions of smallholder farmers around the globe, with farmers in Africa suffering the worst of these impacts. Rise in temperatures and extreme weather events, combined with a sharp increase in pests and diseases, are putting the very livelihoods of these farmers at risk.
Much more investment will be needed to provide farmers with the skills and finance they need to adapt to the changing climate. The Egyptian Biodynamic Association developed the ‘Economy of Love (EoL) standard and carbon scheme’ to help actively contribute to climate change adaptation and mitigation. This standard uses an internationally recognized UNFCCC model to measure how much CO2 is emitted on EoL-certified farms and how much carbon is sequestered.
To date, the EoL carbon scheme has helped motivate 2100 farmers in Egypt to plant more trees, increase compost production, improve soil fertility through regenerative agriculture, and promote the introduction of renewable energy on small-scale farms.
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The wide-ranging impacts of climate change are adversely affecting millions of smallholder farmers around the globe, with farmers in Africa suffering the worst of these impacts. Rise in temperatures and extreme weather events, combined with a sharp increase in pests and diseases, are putting the very livelihoods of these farmers at risk.
Much more investment will be needed to provide farmers with the skills and finance they need to adapt to the changing climate. The Egyptian Biodynamic Association developed the ‘Economy of Love (EoL) standard and carbon scheme’ to help actively contribute to climate change adaptation and mitigation. This standard uses an internationally recognized UNFCCC model to measure how much CO2 is emitted on EoL-certified farms and how much carbon is sequestered.
To date, the EoL carbon scheme has helped motivate 2100 farmers in Egypt to plant more trees, increase compost production, improve soil fertility through regenerative agriculture, and promote the introduction of renewable energy on small-scale farms.
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Creating a

FAIR ECONOMY

13%

of the product price is directly going to the farmers to cover the farm cost and a fair compensation for farmers.

Protecting the

ENVIRONMENT

3.3kg CO2e

were sequestered/absorbed by the soil, per package, reducing the impact of agriculture on climate change.

Carbon Credits Shop

EGP1.00

Category:

Economy of Love

Voluntary Carbon Credits

Increase income and well-being of farmers

Decrease price of organic & biodynamic products

increase amount of carbon sequestration

Avoid carbon emissions

Now with the EoL Carbon Credit Certificate you'll be able to:

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Imagine an agriculture of the future which

Mitigates Climate Change

Promotes fairness and well-being of farmers by fair compensation

Fosters affordable sustainable and healthy food consumption

With the agricultural methods of biodynamics, the Economy of Love Standard is committed to actively increasing carbon sequestration through afforestation projects, compost production, soil carbon sequestration, and the implementation of renewable energy on EoL licensee farms. The EoL carbon credits are valuing the high environmental service of our farmers and provide an additional income through the sale of CO2 certificates, which is not only about carbon offsetting but also:

Our Carbon impact partners

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EoL Participatory Guarantee System (PGS)

PGS EOL is a project initiated by the Egyptian Biodynamic Agriculture Associations (EBDA) and SEKEM, to help farmers start or further improve inclusive biodynamic agriculture and benefit people and the environment while producing their agricultural commodity.

PGS benefits

Knowledge exchange between farmers

Decreasing complexity of documentation

Low entry barriers access to the certification

Promoting direct relationship between farmers

Less cost for producers

Improves communication between farmers and national market

PGS certification process

Farmers

  • Participate in cross-checking and inspections

Farmer groups

  • Carry out cross-inspection plans & produce inspections reports
  • Regularly verify members’ compliance with the standard
  • Organize member meetings and apply for certification

Cooperative / Inter-group

  • Manage certification applications
  • Sanction non complying groups

Local Coordination Board (COAE)

  • Issue certification for ISO 14065:2020 and ISO 14064-3:2019.
  • carry out random auditing and testing
  • Offers a marketing presenter

Scope of upscaling Economy of Love 

Economy of Love (EoL) strives for a fundamental shift in global agriculture and business sector. In order to support a regenerative future, the EoL standard fosters an ethical, sustainable and transparent supply chain from farmers to consumers. 

 

The first EoL prototype on carbon farming in Egypt has been completed on a 830 acre pilot desert farm in the Wahat Baharya Oasis. As illustrated in the following figure, the farm has shown significant results indicating that regenerative agriculture under EoL guidelines can contribute to mitigating the adverse impact on climate.

Following the promising signs from the prototype project, the EoL scheme was introduced to 2,100 smallholder farmers (members of EBDA), who are currently in the process of verification and validation according to ISO 14065 & ISO 14064-3. The guidance and reporting as well as the development of the project design documents is managed by the Carbon Footprint Center of the Heliopolis University, certified according to ISO 14064-1 & ISO 14064-2. Farmers who are committed to the ecological and social regenerative practices can benefit from the financial incentives through the carbon credits scheme.

Agenda 2023

By 2025 we aim to reach 40,000 farmers implementing the EoL standard and thus benefit from EoL carbon credits. We are setting out a supremely ambitious vision for upscaling EoL by 2028. We envisage enhancing the economic resilience of the farms, climate adaptability, and subsequently stimulate regenerative agriculture in Egypt, through the transformation of around a quarter of a million farmers to EoL standard, making a significant contribution to combat climate change with roughly 9.6 million tons of CO₂ accounted as sequestration and avoidance (see below phase 3 & 4).

Agenda 2028

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Holistic Approach

Economy of Love proves to be the most holistic carbon credit scheme

EoL covers all 4 dimensions of sustainable development: society, economy, culture, and environment. Thanks to our network of producers, buyers and certifiers, EoL is able to support biodynamic farmers and produce of products with a positive impact, while sequestering net carbon and enhancing farm biodiversity. The Standard aims to create a system that serves the global community by taking into account the living conditions of future generations. To do so, EoL commits to develop local communities through education, art and creation of fair and dignified working conditions. EoL ensures that every carbon project validated and verified by our standard is transparent, follows the true cost accounting approach and covers living wages of the workers along the value chain. 

Holistic Approach

Economy of Love proves to be the most holistic carbon credit scheme

EoL covers all 4 dimensions of sustainable development: society, economy, culture, and environment. Thanks to our network of producers, buyers, and certifiers, EoL is able to support biodynamic farmers and producers of products with a positive impact, while sequestering net carbon and enhancing farm biodiversity. 

Culture

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Cultural Criteria Overview

  1. Factory supervisors and managers receive training to create space for cultural events.
  2. Conducting regular creative activities with employees.
  3. Respecting the local traditions/culture of the employees.
  4. Learning and encouragement individual well-being and self-development/creative expression.
  5. Working with local initiatives and enhance cultural activities.

Society

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Social Criteria Overview

  1. Providing fair and dignified working conditions.
  2. Providing employees with health & social insurance.
  3. Engaging with stakeholders through round tables.
  4. Ensuring a sustainable impact on and engagement with the local community.
  5. Employees receive awareness training on social topics.

Environment

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Environmental Criteria Overview

  1. Following Biodynamic production/processing standards.
  2. Reducing packaging and using recycled material.
  3. Implementing sustainable water and waste management systems.
  4. reporting on Greenhouse Gas (GHG) Emissions.
  5. Employees receive ecological awareness trainings.

Economy

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Economical Criteria Overview

  1. Providing data to conduct full cost accounting.
  2. establishing solidarity agreement between stakeholders.
  3. Providing wages that allow for a decent standard of living.
  4. Creating transparency in stakeholder relationships.
  5. Employees receive sustainable-economic awareness trainings. 

The Standard aims to create a system that serves the global community by taking into account the living conditions of future generations. To do so, EoL commits to develop local communities through education, art and creation of fair and dignified working conditions. EoL ensures that every carbon project validated and verified by our standard is transparent, follows the true cost accounting approach and covers living wages of the workers along the value chain. 

Our Approach

Not Just About Carbon

EoL builds on a personal approach to each of our farmers. We understand their needs and provide them with continuous hands-on support.

Supporting
Farmers

The EoL provides support for farmers applying the EoL certification principles on their land. This standard ensures highest production quality through the application of biodynamic agriculture and a continues improvement in sustainability, ethics and cultural activities.

Access to International Markets

After receiving the EoL certification, farmer’s product can be marketed through the unique Economy of Love network. A new and additional benefit of the certification is the EoL carbon credit scheme which the farmer can access. This provides for an additional income considering the environmental services that our farmers are providing anyways, like: production of compost, afforestation/ reforestation, crop rotation or the use of renewable energy. 

Afordability and Transparency

Thanks to the full transparency of our system our customers can be assured that by buying EoL carbon credits they invest in a well-functioning value chain based on solidarity and sustainable agriculture. We believe that everyone should have easy access to healthy and biodynamic nutrition. EoL products’ prices are made competitive and affordable thanks to additional revenue streams from selling carbon credits.

BIODIVERSITY

Human activities are exploiting nature at a rate far greater than it can be replenished. The latest research finds that the balance and functioning of every ecosystem rely on its biodiversity – variability among living organisms from all sources. Biodiversity is considered to be one of the 9 planetary boundaries whose functioning is essential for our human existence.

Land-use change is the leading reason for biodiversity loss, while conventional agriculture is the major driver for this change. The EoL together with its partner farmers is devoted to spreading regenerative agriculture practices, which preserve nature and contribute to rich and resilient biodiversity. Applying the method of EoL and biodynamic agriculture implies that 10% of farmer land is dedicated to enhancing and supporting biodiversity. Our approach integrates a sustainable crop mix and crop rotation tailored to local climate conditions.

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Methodologies

As member of the Cool Farm Alliance, we are using the Cool Farm Tool (CFT) for the calculation of the total farm footprint, including all sources of the internal CO2 emissions. In addition to the assessment of the CFT our Standard is assessing data of afforestation & reforestation, compost requirements, renewable energy as well as the soil carbon sequestration. With the help of the CFT it is possible to get a holistic picture of each farm’s impact. The Cool Farm Tool (CFT) covers the five different areas of; tree, compost, renewable energy, soil, and Livestock represented in:

Afforestation Projects

Compost Production

Renewable

Energy

Soil Carbon Sequestration

Livestock

How it Works

The Economy of Love Standard uses verified assessment tools for the collection of data on the number of carbon emissions, sequestration, or avoidance. It allows the EoL to sell carbon credits under verified conditions. To ensure that a farm meets all Economy of Love criteria, the following key requirements have to be met:

EoL Afforestation & Reforestation Requirements

The EoL Tree Tool calculates the above-ground biomass and the below-ground biomass through the methods of Clean Development Mechanism CDM (IPCC Guidelines). For the planting and assessment of new trees the “Good Practice Guidance for Land Use – Land-Use Change and Forestry” (GPG-LULUCF) is used.

The estimated carbon stock depends on the average carbon sequestration on the licensee farm during the crediting period. For Afforestation/Reforestation (A/R) EoL counts a crediting period of minimum 30 years and maximum 50 years. The amount of carbon sequestration depends on the estimated growth rate of the trees during the crediting period of EoL licensee. Yearly forest inventory should be done in order to update the carbon model and accordingly adapt the growth rate. The estimated carbon stock is calculated according to every tree species by the use of the IPCC factors. A realistic survival-rate should be reflected in the growth-model. Replanting of newly planted trees of 10% to 20% is normal in the long-term CO2-Fixation project.

Compost Production

The Economy of Love Licensee will also be encouraged to avoid the production of methane from biomass and other organic matter that would have otherwise been left to decay anaerobically in a solid waste disposal site without methane recovery, partly in uncontrolled dumping sites and partly burnt.

  •  If the EoL Licensee produces compost on-site, the EoL Compost tool needs to be applied.
  •  In case the EoL Licensee buys the compost from outside, the assessment through the CFT would be sufficient.

Renewable Energy

Renewable energy on EoL licensee sites needs to be calculated using the CFT. The baseline emissions are calculated based on the fuel consumption of the technology in use or that would have been used to generate the equivalent quantity of energy.

Soil Carbon Sequestration

Farmers cultivating their land according to organic or biodynamic principles are obliged to use the calculated CFT soil results for the first 20 years after their conversion.
If licensee cultivated land has already reached the conversion of organic agricultural land for over 20 years, the soil assessment of CFT is not needed anymore. In this case, only the standard soil analysis needs to be submitted in order to determine the carbon sequestration in the soil and results should be reinserted into the CFT. This soil carbon credits should only be used in the internal farm calculation and not be sold as EoL carbon credits.

Livestock

The amount of annual emissions from the livestock or the amount of emissions from the entire lifespan of the animals is calculated with the CFT. It provides the date on the emissions of the animal type over the course of its entire life. This option is useful if licensees need to be able to calculate the emissions per dozen eggs, per gallon or liter of milk, or per kilogram of edible meat.

Ensuring Long-term carbon Sequestration

The Economy of Love Standard ensures that the emission reductions from sequestration
represent permanent carbon reductions, in cases like wildfire, change of land use or owner, etc. This is why the certification of EoL carbon sequestration is ensured through sustainable safeguarding steps that not only include the abidance to the EoL criteria, requirements for carbon calculation, and going through the process of annual monitoring, reporting, and verification.

20%

The EoL Carbon Buffer

The EoL Carbon Buffer, which is a solidary carbon buffer and requires that 20% of the Carbon Credit revenue is being withheld for five years. Every five years, appropriate assessments and evaluations are made on all member farms, and if all calculations meet expectations, the missing amount can be disbursed. In case carbon sequestration is not maintained or carbon is released back into the atmosphere due to an event such as wildfire, unplanned deforestation, termination of a long-term contract, or other changes in management practices, carbon credits calculated to date will be compensated by the solidary carbon buffer (20%). With the
implementation of this safety step, the EoL standard actively guarantees the commitment and the promise of long-term carbon sequestration.