{"id":3416,"date":"2024-12-16T18:40:36","date_gmt":"2024-12-16T18:40:36","guid":{"rendered":"https:\/\/boomitra.com\/?p=3416"},"modified":"2024-12-20T16:20:31","modified_gmt":"2024-12-20T16:20:31","slug":"inclusive-carbon-markets-boomitra-cgap","status":"publish","type":"post","link":"https:\/\/boomitra.com\/es\/inclusive-carbon-markets-boomitra-cgap\/","title":{"rendered":"Building inclusive carbon markets: how Boomitra is addressing barriers to a just, green transition"},"content":{"rendered":"<p>Carbon markets hold tremendous potential to drive climate action while supporting communities in emerging markets and developing economies (EMDEs). But are they truly inclusive?<\/p>\n<p>&nbsp;<\/p>\n<p>A recent working paper by the <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.cgap.org\/\" target=\"_blank\" rel=\"noopener\">Consultative Group to Assist the Poor<\/a><\/span><span data-contrast=\"auto\"> (CGAP)<\/span>\u00a0highlights the opportunities and challenges of ensuring carbon markets benefit underserved communities, particularly those living in poverty. As a company deeply committed to empowering farmers and ranchers across the Global South, Boomitra is proud to be featured in this analysis for our efforts to build inclusive carbon projects. Here, we share key findings from the paper and explain how Boomitra addresses critical gaps to create a more equitable green transition.<\/p>\n<p>&nbsp;<\/p>\n<h1 style=\"color: #004752; font-weight: bold;\">Who is CGAP?<span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80}\">\u00a0<\/span><\/h1>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">The <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.cgap.org\/\" target=\"_blank\" rel=\"noopener\">Consultative Group to Assist the Poor<\/a><\/span><span data-contrast=\"auto\"> (CGAP) is a global partnership of 35 leading developmental organizations working to advance financial inclusion for underserved communities. Housed by the <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.worldbank.org\/ext\/en\/home\" target=\"_blank\" rel=\"noopener\">World Bank<\/a><\/span><span data-contrast=\"auto\"><span style=\"text-decoration: underline;\">,<\/span> CGAP combines practical research, advocacy, and innovation to enable financial services that help improve the lives and livelihoods of people living in poverty.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Their working paper, <\/span><i><span data-contrast=\"auto\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.cgap.org\/research\/publication\/green-future-for-all-how-financial-services-can-build-more-inclusive-carbon\" target=\"_blank\" rel=\"noopener\">A Green Future for All: How Financial Services Can Build More Inclusive Carbon Markets<\/a><\/span>,<\/span><\/i><span data-contrast=\"auto\"> builds on CGAP\u2019s expertise in inclusive finance, exploring how financial services can support the development of more equitable and impactful carbon markets.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h1 style=\"color: #004752; font-weight: bold;\">Key findings from the working paper<\/h1>\n<p>&nbsp;<\/p>\n<p><span data-ccp-props=\"{}\"><span class=\"TextRun SCXW190168667 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW190168667 BCX4\">The paper emphasizes that when designed inclusively<\/span><span class=\"NormalTextRun SCXW190168667 BCX4\">, carbon markets <\/span><span class=\"NormalTextRun SCXW190168667 BCX4\">can do much more than mitigate greenhouse gas emissions. They can:<\/span><\/span><span class=\"EOP SCXW190168667 BCX4\" data-ccp-props=\"{}\">\u00a0<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong style=\"color: #004752; font-weight: bold;\">Improve livelihoods:<\/strong> By creating economic opportunities and sharing revenues with underserved communities.<\/p>\n<p><strong style=\"color: #004752; font-weight: bold;\">Advance gender equality:<\/strong> <span class=\"NormalTextRun SCXW30113748 BCX4\">Through <\/span><span class=\"NormalTextRun SCXW30113748 BCX4\">equitable<\/span><span class=\"NormalTextRun SCXW30113748 BCX4\"> participation of women in carbon projects and fair benefit-sharing practices.<\/span><\/p>\n<p><strong style=\"color: #004752; font-weight: bold;\">Support climate adaptation: <\/strong>By fostering practices like regenerative agriculture that build resilience to climate shocks.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">However, the report also outlines significant barriers faced by low-income households and small businesses in participating in and benefiting from carbon projects. These include the limited availability of green technologies in rural areas, the high upfront costs of adopting sustainable practices despite clear long-term benefits, and behavioral and systemic challenges such as deeply ingrained practices, risk aversion, and a lack of trust in new technologies. Additionally, structural inequities and gender norms often lead to the exclusion of women from these initiatives.<\/p>\n<p>&nbsp;<\/p>\n<h1 style=\"color: #004752; font-weight: bold;\">How Boomitra is building a more inclusive carbon market<\/h1>\n<p>&nbsp;<\/p>\n<p><span class=\"TextRun SCXW195032415 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW195032415 BCX4\">At <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW195032415 BCX4\">Boomitra<\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">, <\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">we are restoring<\/span><span class=\"NormalTextRun SCXW195032415 BCX4\"> global soils and accelerat<\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">ing<\/span><span class=\"NormalTextRun SCXW195032415 BCX4\"> carbon removal on a planetary scale by empowering farmers and ranchers. <\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">H<\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">ere&#8217;s<\/span> <span class=\"NormalTextRun SCXW195032415 BCX4\">how <\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">w<\/span><span class=\"NormalTextRun SCXW195032415 BCX4\">e\u2019re<\/span> <span class=\"NormalTextRun SCXW195032415 BCX4\">tackling the barriers highlighted in the paper:<\/span><\/span><span class=\"EOP SCXW195032415 BCX4\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"color: #3db0de;\">Increasing affordability and accessibility<\/span><\/h3>\n<p><span class=\"TextRun SCXW63563746 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW63563746 BCX4\">Alongside our ecosystem of local implementation partners, we <\/span><span class=\"NormalTextRun SCXW63563746 BCX4\">provide the tools and training for <\/span><span class=\"NormalTextRun SCXW63563746 BCX4\">farmers and ranchers to implement regenerative agriculture practices. Our projects are <\/span><span class=\"NormalTextRun SCXW63563746 BCX4\">uniquely<\/span><span class=\"NormalTextRun SCXW63563746 BCX4\"> accessible to smallholder farmers, including those stewarding as little as one acre, who might otherwise be excluded from carbon markets.<\/span><\/span><span class=\"EOP SCXW63563746 BCX4\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"color: #3db0de;\">Fair and transparent revenue sharing<\/span><\/h3>\n<p><span class=\"TextRun SCXW226164350 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW226164350 BCX4\">Boomitra<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\"> shares around 70% of carbon revenues directly with project participants. <\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">We <\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">compensate<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\"> farmers<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\"> for their <\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">crucial <\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">work\u2014sequestering carbon and regenerating soil. This <\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">adicionales<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\"> incom<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">e <\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">e<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">nabl<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\">es<\/span><span class=\"NormalTextRun SCXW226164350 BCX4\"> them to invest in their farms, livelihoods, and communities.<\/span><\/span><span class=\"EOP SCXW226164350 BCX4\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"color: #3db0de;\">Supporting behavior change<\/span><\/h3>\n<p><span class=\"TextRun SCXW52510098 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW52510098 BCX4\">Transitioning to sustainable practices can be challenging. Boomitra helps overcome these barriers with ongoing support, comprehensive training, and access to advanced tools like satellite and AI-powered insights and the Boomitra farmer app. This app delivers real-time data on soil health, weather patterns, and crop management, empowering growers to adopt and sustain regenerative practices with greater ease and confidence.<\/span><\/span><span class=\"EOP SCXW52510098 BCX4\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"color: #3db0de;\">Empowering women<\/span><\/h3>\n<p><span class=\"TextRun SCXW42043327 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW42043327 BCX4\">We actively engage women farmers and ranchers in our projects, providing tailored resources and ensuring <\/span><span class=\"NormalTextRun SCXW42043327 BCX4\">equitable<\/span><span class=\"NormalTextRun SCXW42043327 BCX4\"> participation. By addressing structural barriers like access to training and decision-making, <\/span><\/span><span class=\"TextRun SCXW42043327 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW42043327 BCX4\">Boomitra <\/span><\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/boomitra.com\/es\/celebrating-women-in-agriculture\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW42043327 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW42043327 BCX4\" data-ccp-charstyle=\"Hyperlink\">fosters gender-inclusive projects<\/span><\/span><\/a><\/span><span class=\"TextRun SCXW42043327 BCX4\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW42043327 BCX4\"> that <\/span><span class=\"NormalTextRun SCXW42043327 BCX4\">benefit<\/span><span class=\"NormalTextRun SCXW42043327 BCX4\"> entire communities.<\/span><\/span><span class=\"EOP SCXW42043327 BCX4\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h1 style=\"color: #004752; font-weight: bold;\">Looking ahead: innovation and collaboration<\/h1>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">As the paper highlights, collaboration across stakeholders\u2014like financial institutions, carbon project developers, and governments\u2014is key to scaling inclusive carbon markets. Boomitra is already exploring partnerships with financial service providers to expand access to credit, savings, and insurance products tailored to farmers\u2019 needs.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Innovation is also central to our work. By leveraging cutting-edge AI and remote sensing technology, Boomitra measures soil carbon sequestration at scale, driving efficiencies and ensuring projects meet the highest standards of transparency and impact.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h1 style=\"color: #004752; font-weight: bold;\">Read the full working paper<\/h1>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">To learn more about the opportunities and challenges in building inclusive carbon markets, and how companies like Boomitra are driving change, <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.cgap.org\/research\/publication\/green-future-for-all-how-financial-services-can-build-more-inclusive-carbon\" target=\"_blank\" rel=\"noopener\">check out the full working paper<\/a><\/span>.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">By putting farmers first, sharing benefits equitably, and addressing systemic barriers, Boomitra is proving that carbon markets can support a just, green transition\u2014one that uplifts underserved communities while tackling the climate crisis.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Interested in partnering with us or learning more about our projects? Want to learn how Boomitra ensures traceable and verified benefits from our projects to meet your sustainability goals? <span style=\"text-decoration: underline;\"><a href=\"https:\/\/share.hsforms.com\/1uInEr8x0QJKHL4WpFsJNTAqjmyd\" target=\"_blank\" rel=\"noopener\">Contact us today<\/a><\/span>.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Carbon markets hold tremendous potential to drive climate action while [&hellip;]<\/p>","protected":false},"author":13,"featured_media":3419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69],"tags":[],"class_list":["post-3416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deep-dive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Building inclusive carbon markets: how Boomitra is addressing barriers to a just, green transition - 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