Presented at the COP28 Food & Agriculture Pavilion on Dec 4, 2023, by Lini Wollenberg (Alliance of Bioversity & CIAT, & Gund Institute at University of Vermont). Watch the recording: https://www.youtube.com/live/EnCPz3OaCPM?feature=shared This COP28 event presented the first global stocktake of carbon payments and the voluntary carbon market (VCM) in agriculture. It showcased how VCMs can help low- and middle-income countries fund food system transformations for security, resilience, and reduced emissions. Panelists shared their diverse experiences and strategies, fostering dialogue on financing large-scale transformative solutions at the national level. The event aimed to better understand the agriculture sector's involvement in the voluntary carbon market and generate insights into what more can be done to support scaling the VCM, especially for the benefit of smallholder farmers. The discussion may also inform negotiations around the linkages between the VCM and emerging Article 6 implementation. This work was undertaken by Alliance of Bioversity & CIAT & University of Vermont scientists in collaboration with Unique Land Use and support from FAO.