Key Takeaways:
- Boomitra and DP World have partnered to remove CO2 from the atmosphere using regenerative agricultural practices.
- DP World has purchased soil carbon removal credits from Boomitra’s projects, supporting farmers in the Global South.
- Boomitra’s projects include grassland restoration and sustainable farming across Mexico, South America, and India.
- Boomitra uses AI and remote sensing technology to measure soil carbon levels accurately and affordably.
- The collaboration aims to achieve significant carbon drawdown, enhance crop yields, and improve food security.
Boomitra and DP World Partners To Remove CO2
Boomitra, a prominent climate tech innovator and Earthshot Prize Winner, has joined forces with DP World, a global supply chain solutions company and Earthshot Prize Founding Partner, to combat climate change through regenerative agricultural practices. This partnership aims to remove CO2 from the atmosphere, empower farmers, and drive sustainable farming practices across the globe.
DP World’s Commitment to Sustainability
DP World has purchased soil carbon removal credits from three of Boomitra’s carbon sequestration projects. This initiative supports farmers and ranchers in the Global South, enabling them to adopt regenerative agricultural practices that enhance soil recarbonization. DP World’s sustainability strategy focuses on equipment electrification, renewable power, and low carbon fuels to reduce emissions by 42% by 2030 and achieve net-zero emissions by 2050, with carbon compensation considered for the final portion.
Boomitra’s Carbon Sequestration Projects
The purchase of these carbon credits supports three key Boomitra projects:
- Grassland Restoration in Northern Mexico: Over 140 ranchers across 1.9 million acres are adopting improved grazing practices to increase soil organic carbon.
- Grassland Restoration in South America: Over 200 ranchers in Argentina, Brazil, Paraguay, and Uruguay are practicing sustainable grassland management.
- Carbon Farming in India: Nearly 70,000 smallholder farmers across the Indian subcontinent are introducing various sustainable agriculture management practices.
Leveraging Technology for Carbon Measurement
Boomitra utilizes AI and remote sensing technology to empower farmers and ranchers to increase their soil carbon and yields while securing additional income through carbon credits. The technology allows Boomitra to measure soil carbon levels accurately and affordably, leading to the certification of carbon sequestration as trusted carbon removal credits by an independent third party. A significant portion of the revenue generated from the sale of these credits is returned to farmers and ranchers worldwide.
Statements from Leaders
Boomitra’s CEO, Aadith Moorthy, expressed enthusiasm about the partnership: “We are thrilled that DP World is including Boomitra’s soil carbon credits in their carbon removal portfolio. Boomitra is tackling climate challenges head-on, aiming to achieve gigaton scale impact. DP World’s investment will help farmers and ranchers increase carbon drawdown, leading to enhanced crop yields, improved food security, and additional income through carbon credits.”
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, highlighted the importance of sustainability in their operations: “At DP World, we are continuing to integrate sustainability and efficiency across our global operations – helping our business, and our customers, reach their respective carbon reduction goals. We are excited to work with Boomitra to support farmers and ranchers to reinvest in their lands, while we collectively move toward a more sustainable future.”
Impact of the Partnership
As a 2023 Earthshot Prize Winner, Boomitra’s projects benefit over 150,000 farmers on four continents, covering 5 million acres. With 100 global partners, Boomitra has removed 10 million tonnes of CO2 from the atmosphere. The current projects are estimated to remove over 100 million tonnes of CO2 over the next 20 years. By 2025, Boomitra plans to distribute $200 million in carbon finance to participating farmers and ranchers.
The Role of the Earthshot Prize
DP World is an Earthshot Prize Founding Partner, and this collaboration with an Earthshot Prize Winner highlights the Prize’s role in fostering impactful partnerships that drive positive environmental change globally. Hannah Jones, CEO of The Earthshot Prize, stated, “The Earthshot Prize team is dedicated to forging impactful partnerships that drive positive change and accelerate environmental innovations. This fruitful collaboration between an Earthshot Prize Winner and Global Alliance Member underscores our commitment to fostering collective action and leveraging our platform to create a sustainable future for generations to come.”
Photo by Zoe Schaeffer on Unsplash
