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Varaha, which generates carbon credits from nature-friendly practices, said it has raised $8.7 million in a Series A funding round led by RTP Global. ....
Varaha raises $8.7 m to accelerate agricultural decarbonisation thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Varaha raises $8.7 m to accelerate agricultural decarbonisation thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Varaha has attracted investor interest as an end-to-end developer for carbon credits that it generates by working with thousands of smallholder farmers yielding crops on a total land of over 700,000 acres across India, Bangladesh, Nepal, and Kenya. Generally speaking, carbon offsets are granted when an organization or company engages in a practice that reduces CO2 emissions, such as replacing fossil-fuel-based energy sources with renewable energy sources, or (rarely) removes CO2 from the atmosphere through technology like carbon capture. Polluters then purchase these offsets to counter the CO2 they're emitting, which lets them claim to be reducing their emissions or heading toward "net zero" carbon emissions. ....