What's Happening?
Perennial, an agtech startup, has received approval from Verra for its digital soil mapping tool, VT0014, under the Verified Carbon Standard program. This tool uses satellite data, machine learning, and historical data to quantify soil carbon, reducing the need for physical sampling. It aims to expand access to carbon markets and regenerative agriculture projects in remote regions. The tool is expected to lower barriers for measurement, monitoring, reporting, and verification (MMRV) in areas lacking data.
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Why It's Important?
The approval of Perennial's digital soil mapping tool represents a significant advancement in soil carbon quantification, which is crucial for climate finance and sustainable agriculture. By reducing the costs and complexity of soil carbon measurement, this technology can facilitate broader participation in carbon markets, benefiting farmers and project developers. It supports the transition to regenerative agriculture, promoting soil health and carbon sequestration, which are vital for combating climate change.
What's Next?
Perennial plans to collaborate with partners like Bayer and Anthesis to implement its tool in various projects. The technology will be used to identify regions with high carbon sequestration potential, guiding investment in regenerative agriculture. As digital soil mapping becomes more widespread, it could transform agricultural practices and carbon accounting, influencing policy and market dynamics.
