US-based sustainable agriculture solution provider Indigo Ag announced a landmark agreement with Microsoft, involving the sale of 40,000 agricultural soil-based carbon credits. These credits, derived from Indigo Ag’s third carbon crop released in February, mark the largest volume of credits ever purchased by a single buyer from the company.
The carbon credits are verified and issued in accordance with the stringent standards of the Soil Enrichment Protocol of the Climate Action Reserve, a globally recognised independent carbon registry. Microsoft’s decision to invest in Indigo Ag’s carbon programme underscores the increasing demand for scientifically sound and robust agriculture soil-based credits, aligning with Microsoft’s ambitious goal to achieve carbon negativity by 2030.
Dean Banks, CEO at Indigo Ag, said, “Our programme’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 programme since 2018 to meet the strict standards of premier crediting programmes like the Climate Action Reserve.”
Brian Marrs, Senior Director of Energy and Carbon Removal at Microsoft said, “Soil organic carbon restoration is vital to the future of food systems, economies and climate change mitigation. We are pleased to collaborate with Indigo Ag to advance both the adoption of regenerative agriculture practices and the soil organic carbon scientific evidence base.”