Abstract
Carbon sequestration on agricultural land, albeit long-time neglected, offers substantial mitigation potential. Here we project, using an economic land-use model, that these options offer cumulative mitigation potentials comparable to afforestation by 2050 at 160 USD(2022) tCO(2) equivalent (tCO(2)e(-1)), with most of it located in the Global South. Carbon sequestration on agricultural land could provide producers around the world with additional revenues of up to 375 billion USD(2022) at 160 USD(2022) tCO(2)e(-1) and allow achievement of net-zero emissions in the agriculture, forestry and other land-use sectors by 2050 already at economic costs of around 80-120 USD(2022) tCO(2)e(-1). This would, in turn, decrease economy-wide mitigation costs and increase gross domestic product (+0.6%) by the mid-century in 1.5 °C no-overshoot climate stabilization scenarios compared with mitigation scenarios that do not consider these options. Unlocking these potentials requires the deployment of highly efficient institutions and monitoring systems over the next 5 years across the whole world, including sub-Saharan Africa, where the largest mitigation potential exists.