ESG Today reports that California-based Cultivo uses AI technology and machine learning algorithms to identify the potential of high-quality nature-based solutions in the world, such as soil protection and reforestation projects. The company collaborates with local experts in order to evaluate the activity and the progress of these projects.
Successful efforts are then co-designed and monitored by special teams to ensure their stable performance in things like carbon capture, biodiversity and water storage so that interested investors can financially support their growth.
Dr. Manuel Piñuela, CEO and Co-Founder of Cultivo, said that "investors are recognizing the value and scale of the natural capital investment opportunity, and companies are wanting to secure a future supply of high-quality carbon removal credits to mitigate volatility and quality concerns seen in the voluntary carbon market. This funding allows us to continue to deliver our growing pipeline of high-quality natural capital projects for our institutional customers, and accelerate the development of our AI-driven science & technology platform."
So far, Cultivo's nature-based projects are managed over a total land surface of 100 million hectares, which is over twice the size of California itself and company officials claim that the current projects have the ability to capture around 3 gigatons of CO2 emissions per year. That's around the amount of carbon dioxide that the EU releases in a year.
Cultivo also announced an agreement with Octopus Energy Generation in order to develop nature-based projects worth 40 million USD in North America, Europe and Australasia.
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