scroll
PRESS RELEASE
Boomitra, a leading soil carbon project developer and 2023 Earthshot Prize winner, has announced a landmark soil carbon removal agreement with Restoration Climate and the Ethereum Climate Platform (ECP) for 500,000 carbon removal credits from Boomitra’s Northern Mexico Grassland Restoration project over five years.
This makes it one of the largest soil carbon credit transactions announced to date as well as ECP and Restoration Climate’s first investments in soil carbon credits, cementing the role of soil in removing carbon from the atmosphere at scale.
Boomitra CEO and founder Aadith Moorthy stated: “This deal is an important marker in the development of the soil carbon market. It not only demonstrates that soil carbon removal can operate at scale and in developing countries; It also shows the vibrancy of this market and the diversity of buyers attracted to soil carbon’s unique attributes as a climate solution that is scalable and cost-effective, while also delivering powerful co-benefits for agriculture, biodiversity and local communities.”
Ethereum is a decentralized, open-source blockchain platform. The Ethereum Climate Platform is an Ethereum community initiative leveraging blockchain technology to scale climate investments by linking project developers and investors to accelerate finance at scale.
Ethereum’s decarbonization journey began in 2022 with a redesign of its blockchain infrastructure, known as “the Merge.” Oxford University estimated that this shift reduced Ethereum’s carbon emissions by 99%. With a mission to address its historical emissions dating back to 2015, ECP is financing high-quality carbon mitigation projects worldwide—like Boomitra’s.
Restoration Climate is a commodities investment firm accelerating the growth of environmental markets. As regulatory expansion transforms climate risk into financial risk, Restoration Climate helps investors, corporations, and governments navigate these shifts by leveraging market-based solutions. Led by pioneers of the environmental markets, Restoration combines deep expertise with technology-driven insights to create long-term impact and profitability in the fight against climate change.
Benedikt von Butler, Principal and Co-Founder of Restoration Capital, and Bill Kentrup, Managing Director and President of ECP, both recently visited Boomitra’s Northern Mexico Grassland project and saw firsthand the positive impact on local ranchers, soil health, and climate resilience. Reflecting on the transformative potential of these efforts, Benedikt remarked:
“Soil carbon is a critical but often overlooked piece of the climate solution. Boomitra’s ability to measure and verify improvements at scale is transforming how land restoration is financed, ensuring that ranchers and farmers directly benefit while delivering real, lasting climate impact. At Restoration Climate, we are committed to advancing high-integrity, market-based solutions, and Boomitra’s approach is proving that innovation in agriculture can drive meaningful environmental and economic change.”
Bill Kentrup, Managing Director and President of ECP, added:
“Talking with ranchers who have seen their land recover, and their cattle thrive, I witnessed the real-world impact of this project. What makes Boomitra’s work so powerful is how technology is transforming what’s possible—AI and satellite data are revolutionizing the way we measure soil carbon, making large-scale restoration more efficient and accessible. We’re proud to partner with Boomitra to scale these solutions and bring soil carbon to the forefront of global climate efforts.”
Boomitra’s projects benefit over 150,000 farmers on four continents, covering 5 million acres, and have removed 10 million tonnes of CO2 from the atmosphere.
The Northern Mexico Grassland project was recently registered by Verra, making it the first Verra-registered project to use AI-powered remote sensing technology to measure soil carbon sequestration. This approach lowers the cost of measuring soil carbon, allowing more revenue from carbon credits to go directly to farmers and ranchers.
The project began with 1.5 million acres and has now expanded to 4 million acres over the past year, working with nine on-the-ground partners and 139 ranchers. Spanning the Chihuahuan and Sonoran deserts, it supports regenerative grazing practices that restore soil health, increase biodiversity, and improve the land’s ability to store carbon. By adopting these practices, ranchers restore their land while also improving their livelihoods. Boomitra estimates that the project will remove over 25 million tons of CO2 over the next 20 years. With continued expansion, this project proves that restoring land and creating financial opportunities for ranchers can go hand in hand.
Shelley Northrop, VP Marketing, Boomitra, shelley@boomitra.com
Conor Quinn, Greenhouse Communications, conor.quinn@greenhouse.agency
Restoration Climate is a commodities investment company accelerating the growth of environmental markets. As climate change, AI, and data reshape global economies, Restoration Climate enables investors to capitalize on the emerging value of natural assets. Led by pioneers of the environmental markets, the firm leverages market-based solutions and cutting-edge technology to drive long-term impact and profitability in the fight against climate change.
Inspired by the Ethereum Merge, a group of technology companies—aligned around the mission of accelerating decarbonization and scaling climate action— founded the ECP to accelerate climate action at scale by funding high-quality carbon mitigation projects and accelerating Paris-aligned climate investments. The platform is also committed to redressing and counteracting the historical Ethereum-based carbon footprint, dating back to the network’s launch in 2015, and accelerating the ECP launch partners’ own decarbonization strategies.
Boomitra is the leading international soil carbon project developer powered by AI and remote sensing technology. With the recent registration of our Northern Mexico Grassland Project, Boomitra became the first to measure soil carbon stocks using remote sensing, setting a new standard for scalable carbon removal. Alongside an ecosystem of nearly 100 international partners, Boomitra equips every farmer and rancher to increase their soil carbon and yields while securing additional income through carbon credits. A 2023 Earthshot Prize winner, Boomitra’s projects benefit over 150,000 farmers on four continents, covering 5 million acres, and have removed 10 million tonnes of CO2 from the atmosphere.
Schedule a call with Boomitra’s team to learn more about our high-integrity carbon credits.
COMPANY
CLIMATE SOLUTION
