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Local weather tech startup CarbonFarm Expertise raises €2.5M to decarbonise international rice farming and manufacturing. | Picture credit score: CarbonFarm Expertise
France-based CarbonFarm Expertise, a local weather tech startup, introduced that it has raised €2.5M in its seed spherical of funding.
The spherical was led by Racine² in partnership with Serena and Makesense. TechMind, Ponderosa Ventures, AgFunder, Local weather Capital, and BPI France additionally participated within the spherical.
CarbonFarm Expertise says the funding will help its mission within the proliferation of sustainable but worthwhile rice farming and manufacturing actions in Asia, Africa, and South America – areas famend for his or her important variety of farmland to develop rice for native and international consumption.
Vassily Carantino, CEO of CarbonFarm Expertise, says, “Our imaginative and prescient of the world is one the place farmers would flip to regenerative practices, not out of goodwill, however as a result of it’s extra worthwhile.”
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Unsustainable rice business practices
The primary focus of CarbonFarm Expertise is the decarbonisation of rice farming and manufacturing, agricultural practices which have left local weather consultants apprehensive over their stunning numbers of carbon footprint ranges.
Rice farming and manufacturing make up 12 per cent of world methane emissions and 1.5 per cent of complete greenhouse fuel emissions. From every ton of harvested rice, a ton of rice stubble and straw would have been excised, leading to tons of rice stubble and straw waste merchandise.
Additional aggravating the difficulty is the sector burning to make room for extra crops. The observe causes a surge in carbon dioxide emissions and different harmful chemical reactions together with carbon monoxide, methane, nitrogen oxides, and sulphur oxides.
Extreme water consumption can also be a priority within the rice farming business. About 3,000 to five,000 litres of recent water is required to provide one kilo of rice, which forces consultants within the business to seek out extra resource-efficient options to provide the identical quantity of rice.
Decarbonising the staple grain
CarbonFarm Expertise dedicates its experience to offering easy accessibility to carbon markets for farmers and agribusinesses, and end-to-end assist, together with undertaking design, satellite-based MRV, and certification and credit score gross sales dealing with.
The startup additionally collaborates with firms by providing reliable, registry-certified, and satellite-verified credit to scale back carbon emissions.
Satellites and AI make up the majority of CarbonFarm Expertise’s technological sources to report correct ranges of carbon emissions of every rice area. Additionally they present cost-efficient options with no biassed outcomes, due to the decreased ranges of human intervention in monitoring the emission footprints.
The corporate has quickly expanded its operations over the previous 12 months, collaborating with business giants comparable to Mars Meals, Danone, and Ebro on transformative tasks throughout main rice-producing areas in Vietnam, India, Spain, Portugal, and Ghana.
The newest and distinguished undertaking by CarbonFarm Expertise is its function in supporting rice manufacturing with decrease carbon emissions in Vietnam by way of satellite tv for pc know-how since November 2022. The startup is liable for creating MRV methods for the initiative and supervising the carbon credit score course of from MRV to certification within the sale.
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