HeavyFinance, the renowned European climate tech platform focused on agriculture, has announced a bold commitment: generating a staggering 250,000 carbon credits within the UK and European domains by 2024. This positions them prominently as one of the most significant producers of carbon credits.
A breakdown of these figures reveals that HeavyFinance aims to counteract a colossal 250,000 tonnes of CO2 in our atmosphere. This commendable initiative will be realised through sustainable investment avenues and leveraging Article 9 funds. These resources will be accessible to both retail and institutional investors.
This investment scheme intends to accrue capital for promoting no-tillage farming methods and other sustainable agricultural techniques. The broader vision encompasses addressing the persistent food shortage issue plaguing Europe, while simultaneously contributing to CO2 reduction.
Digging deeper, Poland, Lithuania, and Bulgaria emerge as the primary beneficiaries of this initiative. HeavyFinance seeks to tap into their robust carbon removal capacities. The plan is set to roll out progressively across other European nations over a span of 18 months, dovetailing seamlessly with these countries’ national carbon reduction objectives.
Eryk Frontczak, Carbon Product Manager at HeavyFinance, remarked, “Setting out attainable goals and commitments is an important part of tackling climate issues and the generation of 250,000 carbon credits will bring actionable benefits across Europe. Countries such as Poland have huge potential for carbon reduction through sustainable farming, helping to prioritise soil health which contributes to the food market, generate new revenue streams through carbon credits, build climate resilience and maximise agricultural yield.”
Building on their commitment, HeavyFinance has unveiled Green Loans, enticing investors with a potential 30% annual return over a span of four years. This would be powered by the sales of CO2 removal credits sourced from European agricultural territories.
Laimonas Noreika, CEO & Co-Founder of HeavyFinance, added: “Carbon reduction is becoming increasingly important as organisations evaluate and implement ESG strategies, and raising awareness of the carbon credit market and Article 9 funds is a vital step in the carbon removal and reduction process.
“Collaboration with European institutions to promote the value of carbon credits in sustainability action is an essential part of the solution and our capacity to generate 250,000 carbon credits will help towards our goal of removing one gigaton of CO2 emissions by 2050.”
To fortify their position, HeavyFinance has forged alliances with UK’s Agricarbon to evaluate climate ramifications and with ClearBlue Markets, a notable carbon pricing consultant and offset development agency.
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