Technology for carbon sequestration
It’s time for your report on the Farm of the Future. I am Tim Hammerich.
Will the farmers paid for the carbon they sequester in the soil through soil health practices? Well the short answer is yes and it is happening already. But the longer answer is that there is still a lot of tools and infrastructure to build this sustainable approach to long-term mitigation of climate change. Investors Sarah Nolet said Tenacious Ventures invest in companies that can help.
Nolet… “Then you sort of talk about markets and incentives, like what really drives behavior change and how data flows and how those incentives are created? We think this space is really interesting. And so Nori would fall into this category of market. Then you have to actually validate that when you have an incentive and you have a change in behavior and you have data circulating that the practice you wanted to inspire and the outcome you wanted to create is actually happening. And that would be the measuring, reporting and verification or MRV space. Another area that we believe is incredibly sensitive to incoming and technology playing a role. “
Nolet said that technology is necessary for the carbon data can be managed and rewarded as a whole.
Nolet … “As we do not buy car insurance to suit you, Tim, as the owner and your specific car, we generally buy. And so why would we think that carbon would be different? And so we see this as a high potential and have invested in Regrow there. “
Besides the two investments that she mentioned, Nori and Regrow, Nolet sees other opportunities in the field of climate smart agriculture.