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This tech investor will pay Ukrainian farmers to trap carbon in their soil

Tags: social tech web
DATE POSTED:May 2, 2024

Lithuanian climate investment firm HeavyFinance has added over 700,000 football pitches-worth of farmland in Ukraine to its soil carbon credit programme. Modern agriculture has taken its toll on soils. Centuries of plowing, cutting, and overgrazing has made land less fertile. This has also released billions of tonnes of CO2 into the atmosphere.   HeavyFinance pays farmers to put some of this carbon back into the ground.  Specifically, the company issues loans to encourage the switch to regenerative farming practices. This includes rotating crops, growing cover crops during the off season, or plowing less often. These processes can remove carbon from the…

This story continues at The Next Web
Tags: social tech web