The initial results from the Bayer Carbon Program are in – and they’re significant.
According to Nori, a carbon removal issuing program, registry and marketplace, over 125,000 regenerative tonnes from the program have been issued. These are the first credits to come from Bayer’s program and make up the largest issuance Nori has had since it was founded in 2017. The 125,000 regenerative tonnes issued are the result of these practices on 190,000 acres across the U.S.
“Being able to establish relationships like the one we have with Nori is essential to helping turn farmers’ regenerative agriculture efforts into tangible credits that can provide monetary value to these practices and further help stand up carbon markets,” said Leo Bastos, senior vice president and head of global ecosystem services at Bayer. “This squarely aligns with Bayer’s goal of scaling regenerative agriculture to help farmers produce more while helping restore the planet.”
Bayer says this is just the beginning, with 240,000 additional credits in the pipeline and expected to be issued as carbon credits later this year.
A regenerative tonne is equal to approximately one tonne of carbon dioxide that has been removed from the atmosphere through regenerative practices. For Bayer’s program specifically, those practices could be no-till, strip-till, cover cropping or implementing a Nitrogen Management Program.
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Nori and Bayer first partnered in 2022.
With the help of its additional partners, Nori anticipates supporting 400,000 acres of regenerative farming, paying $6.5 million to suppliers and removing over 700,000 tonnes of carbon from the atmosphere this year.
“We have enjoyed partnering with the team at Bayer to issue hundreds of thousands of new soil carbon credits,” said Radjika Moolgavkar, Nori vice president of supply and methodology. “The pairing of Bayer’s expansive regenerative farm network with Nori’s vertically integrated issuing program, registry and marketplace enables us to significantly scale regenerative agriculture adoption together — a key step toward mitigating climate change.”
