Hemp Carbon Standard, a leading authority on sustainable agriculture and carbon removal will be launching the first-ever forward carbon credits derived from industrial hemp in North America and Europe (including Ukraine).
These ground-breaking credits from the 2023 harvest, are based on a precise quantification methodology that harnesses remote sensing technology to accurately measure CO2 sequestration at scale.
As the world faces the urgent need to address climate change and reduce greenhouse gas emissions, Hemp Carbon Standard recognizes the immense potential of industrial hemp cultivation in sequestering carbon dioxide from the atmosphere.
Industrial hemp, a versatile and fast-growing plant, has the unique ability to absorb significant amounts of CO2 during its growth cycle.
The introduction of forward carbon credits marks a significant milestone in the carbon market, offering corporate buyers a valuable opportunity to secure these high-quality, high-integrity credits before they become available in the spot market later this year.
These credits provide companies with a means to effectively measure and contribute over and above their existing decarbonization efforts while supporting regenerative agricultural practices.
“Forward carbon credits derived from industrial hemp present an innovative solution to address climate change,” said Tim de Rosen, CEO at ClimaFi, the sponsor of the Hemp Carbon Standard. “We believe that by encouraging the cultivation of industrial hemp and providing companies with reliable and quantifiable carbon credits, we can make significant strides in mitigating climate change and fostering a more sustainable future.”
The quantification methodology employed by Hemp Carbon Standard leverages cutting-edge remote sensing technology, enabling precise measurement of CO2 sequestration within the biomass of the industrial hemp crop and the associated topsoil. This approach ensures transparency, accuracy, and integrity in carbon accounting, establishing a solid foundation for corporate buyers to achieve their sustainability goals.
With forward carbon credits, corporate buyers can proactively address their carbon footprint and invest in projects that contribute to positive environmental impact. These credits not only offer an effective tool for carbon removal, but also promote renewable agriculture, improved biodiversity, and soil remediation.
Hemp Carbon Standard invites companies across various industries to seize this unique opportunity to secure forward carbon credits derived from industrial hemp cultivation. By doing so, they can demonstrate their commitment to sustainability, support farmers embracing regenerative agricultural practices, and contribute to a greener, more resilient planet.