Nori
Nori’s program connects farmers to carbon buyers through innovative blockchain technology. The program was the first of the carbon programs to issue credits in 2021 and has a farm data input interface that is meant to streamline carbon credit calculation and dramatically reduce verification costs.
Home » USB Carbon Toolbox » Carbon Market Programs »
| 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/MTCO2e. |
| Agricultural System Focus | Cropland |
| Eligible States | All U.S. states |
| Eligible Practices | Regenerative practices, minimization of soil disruption and cover crops and crop biodiversity. |
| Contract Length | 10 years |
| Contract Details | Ten-year commitment to: Update farm records each year. Verify at least every three years. Sell at least 15% of Nori Removal Tonnes (NRTs) 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) | Soil Metrics is the MRV tool for Nori. Producer-paid cost of verification is $2,500 to $5,000 per project at initial listing. The supplier receives a carbon credit estimate before investing in verification and other program costs. Verification is required every three years, and costs are expected to go down. |
| Digital Tools for MRV | Nori App manages all Producer data. Data can be transferred from farm software to the Nori App. Conservis is an example of farm software that is compatible with the Nori App. |
| Qualification/eligibility criteria | A regenerative farming practice must have been adopted within the ten years prior to the current year. Must have quality farm management records. Must provide digital field boundaries for the enrolled fields. Fields must be U.S.-based croplands. Fields must not have participated in the USDA Conservation Reserve Program since 2000. Producer must be willing to pay for verification by a Nori-approved third party. |
| Minimum Acreage | A minimum of 500 acres is recommended. |
| Must land be owned? | |
| 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 crop rotations through 2030. The U.S. Cropland protocol requires 30 years of data; Nori provides the tools to collect the data. |
| Years of management practice data needed | The U.S. Cropland protocol requires 30 years of data; Nori provides the tools to collect the data. |
| Does the program pay for past practices? | Practices that have been adopted in the past ten years are considered, and Nori pays for up to four years of historical practices. |
| 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, the producer receives a carbon credit estimate before investing in verification and other program costs. |
Cells are left blank where information is not publicly available.
Program information was validated by a program representative in September 2022.
For additional details, visit the Nori website