Home » USB Carbon Toolbox » Carbon Market Programs » Nori


Year Organization Established a Carbon Program 2018
Affiliated Organization Type Startup
Affiliated Organizations
Buyers secured
Buyers include Shopify, The Sandbox, Imogen Heap
Payment Basis to Farmers $/ton of carbon generated
Payment Amount and Details $15 per credit payable to farmer. One NRT represents one ton of removed CO2e stored for a minimum of ten years. Suppliers set their own price in the contract signed with Nori. In June 2022, Nori will be launching a crypto token called the $NORI. By the end of 2022, suppliers will be paid in the $NORI. One $NORI will purchase 1 NRT.
Agricultural System Focus Cropland. The program currently credits for row crops. Nori uses Soil Metrics the commercialized version of COMET-Farm and could credit specialty crops in the future.
Eligible States All U.S. states
Eligible Practices Nori doesn't prescribe specific practices to farmers but generally, they want projects that focus on planting better (regenerative practices), growing better (minimization of soil disruption) and growing better (cover crops and crop biodiversity)
Contract Length 10 years
Contract Details Commitment to sell at least 15% of Nori Removal tonnes on the Nori Marketplace (85% can be listed on another market). Carbon remains in the ground for the duration of the contract.
Monitoring, Reporting and Verification (MRV) The producer is responsible for selecting a third-party entity to verify the provided project information. The producer- paid cost of verification is $2,500 to $5,000 per project at initial listing. Verification is required every three years and costs are expected to go down. Additionally, a supplier is responsible for providing annual project data updates. Soil Metrics is the MRV tool for Nori.
Digital Tools for MRV Nori has an app through which all data is managed. Data can be transferred from farm software to the Nori App. Granular is an example of farm software that is compatible with the Nori App
Qualification/eligibility criteria You need to have adopted regenerative farming practices since 2011. You must have quality farm management records You must provide digital field boundaries for the fields you want to enroll Fields must be US based croplands Land should not have Conservation Reserve Program in its historical land use since 2000. Producer must be willing to pay for verification by a Nori-approved third party. Nori allows for aggregation of projects and verification of multiple farms at once, which is important for scaling up projects.
Minimum Acreage A minimum of 1,000 acres is recommended but smaller projects have entered the Nori marketplace .
Must land be owned? No, but the producer must show agreement with landowner to participate in the Nori marketplace
Minimum Data Requirements Field boundaries and historic data back to 2000, including: ●Farm rotations, fertilizer use, planting and harvest dates, tillage and termination dates, irrigation, manure use, liming, burning ●Future rotations through 2030
Years of management practice data needed 30 years (US Cropland)- Nori provides tools to help with collect this data
Does the program pay for past practices? Yes, projects that have adopted practices in the last 10 years will be considered. Nori will award up to 4 years of grandfathered credits to eligible projects.
Additional information Nori allows for aggregation of projects and verification of multiple farms at once, which is important for scaling up projects.
Payment Calculator Nori does not provide an online ROI calculator. Prior to verification, a supplier will receive an estimate of the number of carbon credits their project will generate. They can use this number to calculate the dollar value of the project. Nori makes its revenue by charging a fee to buyers, suppliers receive 100% of their list price.

Cells are left blank where information is not publicly available.

For additional details, visit the Nori website