InBestSoil — Monetary valuation of soil ecosystem services and creation of initiatives to invest in soil health: setting a framework for the inclusion of soil health in business and the policy-making process (Horizon Europe Project)

InBestSoil (IBS) project has been funded under the call "Incentives and business models for soil health" from the EU Missions program (Horizon Europe) — Grant Agreement n° 1010910990. The University of Vigo leads the project within a consortium of 19 partners from 10 countries with a 48-month duration.

The IBS aims to quantify the economic benefits of the different ecosystem services that healthy soils can provide and analyze the costs and benefits of the interventions to improve soil health. This economic valuation will facilitate investments in soil health and the generation of new businesses, incentives, and policies that help us to reclaim degraded soils or improve the quality of existing ones.

In IBS, we analyzed nine case studies across Europe with different land uses (agricultural, forestry, urban, and mining) across four different biogeographic regions (Boreal, Continental, Atlantic and Mediterranean). These long-term experiments have been running for years into an established network of stakeholders and businesses created to exploit improved soil quality benefits. In each case study, we will assess the outcome of soil reclamation actions by examining the actual soil quality indicators and comparing them with the antecedent indicators before the restoration process. Then, we will conduct an economic valuation of the soil quality differences by considering the potential income from the enhanced ecosystem services that have proved effective in improving soil quality indicators.

To develop a multi-actor approach, we will gather data and opinions from stakeholders about every relevant item in this transformation, i.e., from selecting soil indicators to creating new incentives and policies. These consultations will be done at each step of the project through a collaborative platform developed specifically for the IBS. The IBS partners come from a wide range of sectors (from universities to distribution companies of organic products), allowing us to create an extensive network of stakeholders to share information, feedback experiences, and diffusion of results.

With this information, we will first try to scale up by exporting to other areas the business models that were created around our case studies. Second, we will use the information obtained through the economic valuation to develop new business models. Finally, we will try to integrate the information obtained to develop a set of incentive support systems and new policies.

 

Acknowledgments: This study has been funded by the Horizon Europe Project InBestSoil (GA  101091099).