Key Takeaways:
- Boomitra and Alqueria sign agreement to transform 130,000 acres of ranchland in Colombia.
- The project aims to implement sustainable agricultural practices for over 1,000 dairy farmers.
- The 40-year partnership will be revalidated every 10 years to ensure long-term impact.
- Farmers will benefit from carbon credits revenue, fostering reinvestment in their lands.
- The initiative aligns with Colombia’s environmental policies and commitment to biodiversity.
Boomitra, a climate tech company recognized for its carbon removal projects and an Earthshot Prize Winner, has formed a partnership with Alqueria, Colombia’s largest certified B Corporation. This collaboration aims to promote regenerative agriculture and carbon finance among ranchers in Colombia.
Transforming Ranchland
The initiative focuses on transforming approximately 130,000 acres of ranchland by introducing sustainable agricultural practices to more than 1,000 dairy farmers. Alqueria will collaborate closely with Boomitra to integrate regenerative techniques and support the local farmers participating in the initiative.
“This partnership with Boomitra, the first for this global leader in Colombia, is a perfect example of how we can integrate innovative technologies and sustainable practices to benefit the environment and our agricultural communities,” said Rafael Alvarez, Alqueria’s CEO.
Long-Term Commitment
The partnership is set for a duration of 40 years, with revalidations every 10 years to ensure sustained positive impacts on Colombia’s agricultural sector. This long-term commitment aims for continuous improvement in land health and farmer livelihoods.
Colombia’s biodiversity, diverse agricultural landscape, and carbon sequestration potential make it an ideal location for Boomitra’s expansion. The country’s supportive government policies and commitment to environmental stewardship enhance the feasibility and impact of these projects.
Measuring Impact and Benefits
Boomitra’s technology will measure the additional carbon sequestered in the soil. Colombian dairy farmers participating in these projects will receive a majority of the revenue generated from the sale of carbon credits, which can be reinvested in their lands and communities.
“We are thrilled to collaborate with Alqueria to bring impactful carbon projects to Colombia. By integrating our expertise in carbon sequestration with Alqueria’s presence in Colombia, we aim to drive positive change for local communities and contribute to global efforts in combating climate change,” said Aadith Moorthy, founder and CEO of Boomitra.
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