Eldon Biologicals has joined the GreenProfit initiative EatCO2, which aims to offset CO2 emissions in the medical industry. In 2023, we have offset a total of 250,000 kilograms CO2, which have resulted in the planting of 2500 trees.
All the carbon credits come from an agricultural practice called “agroforestry”. “Agroforestry” is a technique whereby local farmers work with trees, shrubs, crops and cattle to create resilience in vulnerable ecosystems. The method is designed to reduce and store greenhouse gas emissions in a way that has a positive impact on local society and nature. Instead of a one-off payment, participating farmers are continuously paid over a 10-year period for their contribution in relation to the forest’s growth outcomes.
The better the trees grow, the more carbon dioxide they absorb, resulting in higher income for the farmer. In this way, not only is biodiversity strengthened, but a new “carbon economy” is created that makes the participating farmers independent of the traditional agricultural season.
All carbon projects have been validated by some of the world’s most recognized carbon standards, including Plan Vivo and VCS. The economics behind the projects are based on a payment method called Payments for Ecosystem Services (PES), which specifically targets smaller farmers and vulnerable communities looking to better manage their land and natural resources.
Only projects that can demonstrate long-term sustainability, make a social difference and preserve vital ecosystems can be approved. In addition, it is required that the majority of the revenue from the sale of carbon credits goes directly to the farmer.