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Boomitra named 2023 Earthshot Prize finalist
The finalists will be in the running to receive one of the five £1 million prizes awarded at the third-annual Earthshot Prize awards ceremony in Singapore in November.
Indian American founder Aadith Moorthy / (Image - The Earthshot prize awards/website)
"Boomitra", a US-based global leader in soil carbon credits, founded by Indian American Aadith Moorthy has been chosen as a finalist in the "Fix our climate" category for the prestigious Earthshot Prize.
The awards recognize 15 global innovators, entrepreneurs, community leaders and activists working to find cutting-edge solutions to climate change. Prince William and The Earthshot Prize Council announced the 15 Finalists for this year’s Prize at the second Earthshot Innovation Summit in New York.
Boomitra, which in Sanskrit means “friend of the earth,” works with more than 150,000 farmers managing more than five million acres of land in some of the poorest parts of Africa, South America and Asia. It is a soil carbon marketplace that rewards farmers for sustainable land management practices.
"We cannot restore the earth without the support of farmers, who produce the food we eat and rely on the land for their income. Our technological solution empowers farmers with the data they need to improve soil and maximize their crop yields while creating a valuable store for carbon,” said Moorthy. “Our thanks to The Earthshot Prize for recognizing our work as we continue to support thousands more farmers," he added.
Satellite and artificial intelligence technology is used to track farmers' soil improvements and monitor its ability to store carbon over time. In return, companies and governments that want to offset their emissions can buy independently verified carbon dioxide emissions from Boomitra's marketplace.
The world's agricultural lands have the potential to store an additional five gigatons of carbon dioxide per year, which is more than the annual emissions of global motoring. As Boomitra strives to scale its solutions around the world, they have set a goal of storing one gigatonne of carbon dioxide in the soil by 2030.
An Indian firm, S4S Technologies, founded in 2013 by six university friends – Nidhi Pant, Vaibhav Tidke, Swapnil Kokte, Ganesh Bhere, Shital Somani, Tushar Gaware and Ashwin Pawade – also made it to the final list under the “Build A Waste-free World” category.
Founded by Prince William in 2020, The Earthshot Prize aims to discover and help scale the world’s most innovative climate and environmental solutions to protect and restore our planet.
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