Indigo Ag to deliver 40,000 carbon credits in a record deal to Microsoft
Indigo Ag announced in a press release that it will sell nearly 40,000 agricultural soil-based carbon credits from its third carbon crop to Microsoft.
This purchase by Microsoft will mark the largest number of credits delivered by Indigo Ag to an individual buyer.
The credits involved in Microsoft’s purchase are verified and issued with the requirements of the Soil Enrichment Protocol of the Climate Action Reserve in mind.
Microsoft chose to proceed with Indigo’s carbon program and incorporate soil carbon removals into the company’s climate action plan to ensure progress on its pledge to become a carbon-negative company by 2030.
This deal highlights the potential for utilising scientifically developed soil-based carbon credits and their role in tackling climate change. The agreement also sheds light on the “increasing maturity of the voluntary carbon market (VCM)”, the release mentions.
Also read: Microsoft to receive 8 million carbon credits from investment group in largest-ever sale
Dean Banks, CEO of Indigo Ag, said, “Today’s announcement is a major milestone for Indigo’s Carbon program and our increasing range of ag-based sustainability solutions. Microsoft is a leader in corporate climate action, a highly influential player in carbon removals and shares our commitment to support the transition to a more resilient and sustainable agriculture system.”
He added, “Our program’s selection by Microsoft is a significant win for science-based, high-integrity agricultural soil carbon credits. We have uniquely and substantively invested in the scientific rigor of our program since 2018 to meet the strict standards of premier crediting programs like the Climate Action Reserve. We are working with our partners to enable growers to benefit from valuable, durable new revenue streams that reward them for their efforts in changing practices.”
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