I've been asking the same question. Everyone at TNC seems to be focused on forests as carbon sinks, so I've had trouble getting references. Recently, I Googled "grasslands carbon sequestion" and got a number of very interesting and encouraging references. I'm in the process of checking them out with Joe Fargione the CUSCR Regional Scientist and others. I'll let you know what I hear. Let me know if you hear from others. This could be the strongest case for global grassland conservation that has come along to date.