Mitti Labs Enters Deal With Google For 1 Mn Carbon Credits

by · Inc42

SUMMARY

  • Mitti Labs has signed a four-year Google offtake deal to supply 1 Mn carbon credits through 2030
  • The deal could help scale methane-reduction and water-saving practices across rice farms while giving farmers an additional income stream through carbon credits
  • The credits will primarily come from projects across Andhra Pradesh, Telangana and Karnataka, with Mitti Labs currently covering more than 100,000 hectares and targeting expansion to millions of hectares