Global regenerative agriculture initiative, regenagri®, is teaming up with Cool Farm Alliance, an environmental calculator for farmers, to launch a new version of its digital hub, regenagri 2.0, that will monetize carbon reduction for textile growers undertaking regenerative farming.
Regenagri has signed up 14,000 farms worldwide, covering 30,000 hectares of land, and this number is likely to rise considerably as the vertical farming business matures over the next several years.
According to Allied Market Research, the worldwide vertical farming market is expected to reach $12.77 billion by 2026, increasing at a CAGR of 24.6 percent from 2019 to 2026, owing to pandemic and climate change concerns. Vertical farming is an innovative approach to growing food and plants indoors, such as in a repurposed warehouse or a shipping container, without relying on favorable weather, skilled labor, high water usage, and high soil fertility. Furthermore, external environmental variables like pests, predator attacks, and diseases have little influence on it.
Users of the new digital hub can obtain GHG emissions and CO2 verifications conducted under ISO 14064-3 accreditation, which allows them to generate carbon credits. By selling the credits on the green financing market or utilizing them in offsetting initiatives along their supply chain, textile farmers can have access to an additional source of revenue.
Furthermore, the tool, which is available to corporate members, allows companies to compare ratings for biodiversity, carbon, and water consumption across various farms and determine whether farms use regenerative practices.
Harry Farnsworth, Regenagri's sustainable agricultural projects lead, said that the latest edition of their digital hub, in partnership with Cool Farming Alliance, brings in the carbon capacity on the platform. They're in the process of developing digital and technological tools to assist farmers to understand their environmental effect and they aim to make accessing GHG emissions and CO2 as simple as possible for farms and brands. Farmers do not want to waste time entering data.
Managing Director of Control Union UK, which owns regenagri, Franco Costantini, said that this invention answers to the demands of farmers and brands for regenerative progress measurement and reporting. These platform enhancements make it easier for companies to carry out regenerative initiatives with big groups of farmers. Version 2.0 also bridges the gap between farming and green finance for the farms themselves.
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