London, August 17 – InSoil, a European climate tech investment marketplace for the agricultural industry, is set to generate 250,000 carbon credits in the UK and Europe in 2024. This achievement will make it one of the largest carbon credit producers.
By generating 250,000 carbon credits, InSoil will remove 250,000 tonnes of CO2 from the atmosphere. This will be achieved through sustainable investment offerings and Article 9 funds for retail and institutional investors.
The investments will raise funds for no-tillage and sustainable farming practices to remove CO2 and tackle food shortages across Europe.
The majority of carbon credits will be generated in Poland, Lithuania, and Bulgaria. InSoil aims to capitalise on their high carbon removal potentials. The company plans to expand operations across the continent throughout the next 18 months. This will align with national strategies in Poland, Lithuania, and Bulgaria. These strategies revolve around commitments to carbon reduction and removal.
Eryk Frontczak, Carbon Product Manager at InSoil, said: “Setting out attainable goals and commitments is an important part of tackling climate issues. The generation of 250,000 carbon credits will bring actionable benefits across Europe. Countries such as Poland have huge potential for carbon reduction through sustainable farming. This helps to prioritise soil health which contributes to the food market. It also generates new revenue streams through carbon credits, builds climate resilience, and maximises agricultural yield.”
As part of its commitment, InSoil recently launched Green Loans. These loans provide investors with up to 30 percent on annual returns within a four-year investment period. This is possible from the sale of CO2 remove credits produced in European farmland.
Laimonas Noreika, CEO & Co-Founder of InSoil, commented: “Carbon reduction is becoming increasingly important as organisations evaluate and implement ESG strategies. Raising awareness of the carbon credit market and Article 9 funds is a vital step in the carbon removal and reduction process. Collaboration with European institutions to promote the value of carbon credits in sustainability action is an essential part of the solution. Our capacity to generate 250,000 carbon credits will help towards our goal of removing one gigaton of CO2 emissions by 2050.”
InSoil has recently partnered with UK firm Agricarbon to help measure climate impact. They have also partnered with ClearBlue Markets, a leading carbon pricing advisory and offset development broker.
