View original ↗on impactalpha.com
deal · 15 April 2024
Frontier ↔ Mati Carbon
Frontier: a firm purchase of 1,593 t of enhanced rock weathering (agricultural) removal from Mati Carbon.
BuyerFrontier
SupplierMati Carbon
Tonnes1,593 t
Capture pathwayEnhanced rock weathering (agricultural)
Storage mediumocean-dissolved
Commitment typefirm
Deal structureofftake
Source pathway descriptionEnhanced rock weathering (ERW) technology using basalt and other types of rock dust. When added to soil, basalt enhances and accelerates carbon sequestration and enriches soil with macro-nutrients like calcium and magnesium and micro-nutrients like manganese and zinc. Technology has more than 10,000 years of carbon removal permanence potential.
Storage descriptionCarbon sequestration through enhanced rock weathering in soil; permanence of more than 10,000 years.
Project locationIndia (Chhattisgarh state pilot); expanding to other Global South regions
VerificationYale University's Center of Natural Carbon Capture (supervises laboratory testing); independently verified monitoring, reporting and verification methods
NotesFrontier consortium includes Stripe, Alphabet, Shopify, Meta, McKinsey Sustainability, and tens of thousands of businesses using Stripe Climate. First 50 tons delivered to Frontier consortium; additional 1,543 tons of carbon removal credits sold subsequently. Mati Carbon aims to pass 100% of profits back to farmers. Pilot in 2022 showed 20% crop yield growth, 25-30% income increase, and pesticide
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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