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How this clean-tech startup is recapturing carbon into soils—and getting farmers paid for it

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Quartz or enjoy below:

🗞️ Driving the news: Boomitra, a California-based agtech startup, is changing the agricultural landscape with its international soil carbon marketplace
This innovative model rewards farmers for sustainable soil practices by selling carbon credits generated through enhanced carbon sequestration in soil, with most of the revenue going back to the farmers

🔭 The context: Founded by Aadith Moorthy after witnessing the impacts of climate change on farmers in India, Boomitra collaborates with over 150,000 farmers globally
By employing satellite technology and AI, the company monitors increases in soil carbon, which are then converted into verified carbon removal credits

🌍 Why it matters for the planet: Soil carbon storage is a cost-effective strategy for reducing atmospheric CO2, with the potential to eliminate up to five gigatonnes of CO2 annually by 2050
Boomitra's approach, which includes practices like planting cover crops and minimal soil tilling, could significantly enhance carbon sequestration in the 10% of Earth's land covered by croplands

⏭️ What's next: Boomitra is currently in the early stages, focusing on getting their projects third-party certified
Upon successful verification, the startup will start distributing financial rewards to participating farmers and ranchers, facilitating a broader adoption of regenerative farming practices

💬 One quote: "[Storing carbon in soils] could remove between two and five gigatonnes of carbon dioxide a year by 2050." (Intergovernmental Panel on Climate Change (IPCC))

📈 One stat: Croplands cover 10% of the Earth's land, offering a significant opportunity for carbon sequestration through regenerative practices

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