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Mitti Labs aim at mitigating methane emission

Aug 2024 | No Comment

Mitti Labs, a tech-enabled project developer, has launched five rice projects across India aimed at reducing methane emissions, increasing water security, and building farmer resilience.

Mitti Labs is working alongside the Syngenta Foundation, Ebro Foods and Dr Reddy’s Foundation for this.

A media statement said Mitti Lab’s first five projects will cover 30,000 hectares and will deliver an annual reduction of 120,000 tonnes of CO2e emissions. The emissions reduction will generate high-quality credits that help to diversify credit buyers’ portfolios, as well as making a significant positive impact on water scarcity and farmer livelihoods within the region.

To deliver these projects, Mitti Labs is working alongside more than 40,000 smallholder farmers to embed and measure more sustainable agricultural practices. The work will increase the financial resilience of participating rice farmers, who earn the majority of revenue from each carbon credit sold, increasing their annual incomes by up to 30 per cent, it said.

www.thehindubusinessline.com

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