Indigo Agriculture has announced the first commitments from companies to purchase agricultural carbon credits through Indigo Carbon.
Indigo Ag says the commitments from companies including IBM, Shopify, Barclays, and JPMorgan Chase represent a milestone in the global effort to leverage agriculture as a climate solution.
The companies have agreed to a credit purchase price of $20 per metric ton of carbon dioxide equivalents sequestered in the 2020 growing season. Indigo Agriculture says this provides a financial incentive to increase the adoption of practices that will reduce on-farm emissions.
