Press Release
London, July 18th – InSoil, a European climate tech investment marketplace, has partnered with global carbon markets expert ClearBlue Markets (ClearBlue). The goal is to generate 250,000 carbon credits from 100,000 hectares of agricultural land.
Based on InSoil’s projections, the project will generate the 250,000 offset credits by the end of the year. ClearBlue Markets will help market and sell at least 40 percent of the credits’ total volume upfront. The remaining credits will be sold over time. ClearBlue will receive a fixed percentage of these sales.
The deal is part of InSoil’s mission to remove one gigaton of carbon dioxide from the atmosphere by 2050.
The strategic partnership sees the companies align on a shared vision. They aim to increase confidence and transparency in global carbon markets. Their goal is to create more effective emission reduction strategies. The companies will work together to ensure that funded projects meet regulatory requirements. Additionally, they aim to achieve optimal emission reductions. They will provide businesses with the information and confidence to engage with these markets.
Laimonas Noreika, Founder of InSoil, comments: “Corporations worldwide are becoming increasingly familiar with carbon pricing. They are looking for the best advice on implementing a feasible emission reduction strategy. Combining with global leaders in the environmental-sphere, we can offer the best-split financing scheme. This will help stakeholders in each company find the right buyers. We are excited to be working with ClearBlue and continue to promote the value of carbon credits in the wider fight for sustainability.”
Michiel ten Hoopen, Chief Carbon Investment Officer of ClearBlue Markets comments: “Implementing effective carbon pricing to drive emission reductions is critical to ClearBlue’s mission. Realizing this objective requires transparency and the development of quality projects. InSoil is a reliable player that shares ClearBlue’s values and commitment to emissions reduction projects. These projects are created responsibly and reach fruition.”
Over the next 12 months, InSoil and ClearBlue intend to scale the partnership across European and North American markets. This will increase access to investors.
The partnership follows the UK government’s recent announcement of a £30 million fund. The fund is to develop cutting-edge farming projects. These projects aim to create a more resilient and sustainable agricultural sector and move towards net zero.
