![]() Who will develop a carbon plan for the farm?.Who signs the contract in case of landlord/tenant relationships?.Are there upfront or continuing costs to pay?.What are my commitments after the contract ends and for how long?. ![]() What practices/changes are expected during the contract?.Who owns the data and how will it be used?.It hopes to expand the programme to other European countries. It has recently launched a pilot Indigo Carbon programme in Germany, partnering with distributor Beiselen. Last October, it revealed a list of buyers that included JP Morgan Chase, Barclays, Shopify and IBM, with each credit reportedly priced at $20/t (£14.15). It uses recently approved methods developed by independent carbon credit issuers Climate Action Reserve and Verra to verify credits as real, accurate and permanent. It is one of the first companies to adopt a robust approach to measurement, quantification and reporting. Qualifying practices are adding cover crops for the first time, diversifying rotations, reducing or eliminating tillage, reducing nitrogen fertiliser or switching to injection.ĭata are entered into Indigo’s platform, along with historical management practices, from which Indigo calculates the carbon credits generated on the farm. The key one is to qualify US farmers must change one of their practices in the year the credit begins. Contracts are for 10 years.īoston-based Indigo Ag’s scheme uses similar principles to Nori, with some important distinctions. Initial payments to farmers were about $15/t (£10.62/t) of carbon dioxide equivalents removed. However, suppliers must pay for verification costs. The farmer gets 100% of the NRT price, with Nori charging the buyer 15% commission on the transaction. These tokens are then bought by commercial buyers or individuals through the Nori platform. Each NRT represents 1t of carbon dioxide equivalent. The firm has partnered with Soil Metrics, the team who developed the Comet-Farm tool, to estimate greenhouse gas emissions used by the USDA, to calculate how many digital Nori carbon-removal tonnes (NRT) these practices will take out of the atmosphere. ![]() Specific practices are not required, but the company says it looks for projects with minimum soil disturbance and addition of cover crops to lengthen growing seasons. To qualify they need to have adopted regenerative practices within the past 10 years. It has created a digital carbon-removal marketplace using blockchain technology that connects farmers practising regenerative agriculture techniques with commercial buyers.Ĭurrently, only US farmers can apply. Seattle-based start-up Nori is one of the first companies to pay farmers for carbon removal. The following is a list of some of the more high-profile names investigating the potential in this sector. See also: Why potato sprout management now starts in the fieldīut that hasn’t stopped a wide range of companies – ranging from start-ups, sometimes driven by farmers, to multinational corporates – from creating voluntary schemes across the world. Regulation of these new markets is still being developed, with Defra considering implementing a soil carbon code that would allow for verified soil carbon credits to be traded in a similar way to the woodland and peatland carbon codes. From government-backed schemes to voluntary private markets, there has been an explosion of interest in developing carbon and additional ecosystem service credits that could provide a new income stream for arable farmers worldwide.
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