Source prnewswire
EcoBalance, KazBeef, and rTek Launch Climate Smart Beef Pilot Program at COP28
Among the companies that have partnered with EcoBalance Global, a US-based leader in carbon storage projects, Kazbeef, a subsidiary of Yerkin Tatishev's Kusto Group, and rTek, a Rakurs Consulting Group company, is rTek. This will be the first pilot ranch outside of the United States that will produce the first ever climate smart beef using carbon insets, backed by 3rd party validation, and blockchain technology.As a result of signing a Memorandum of Understanding between the companies and the government of Dubai, the pilot program was launched at the COP28 conference in Dubai. By implementing the blockchain-based project, not only will the livestock and farming industry be able to transact environmentally sustainable cattle outside of the United States, but it will also demonstrate that the livestock industry can be a part of achieving net zero energy.As a foundation for the KazBeef pilot, EcoBalance Global's Framework provides ranches with a framework for implementing a specialized rotational grazing program that increases carbon capture in soil. In addition, it utilizes machine learning satellite technology to monitor sustainable land management, with an emphasis on accurate carbon accounting, and utilizes machine learning satellite technology to monitor sustainable land management. The Framework has an integrated carbon trade and risk management platform that administers all of the Framework's requirements in conjunction with the blockchain, which enables it to comply with all of the Framework's requirements.To support this pilot program, rTek, a Rakurs Consulting Group company based in Almaty, Kazakhstan, will leverage its expertise in remote sensing and MRV development, particularly in precision agriculture, to leverage its capabilities on behalf of the Rakurs Consulting Group.In a 10-year pilot project, EcoBalance will demonstrate the world's first carbon-inset beef supply chain that can be scaled up to serve as a global standard for sustainable and climate smart beef supply chains, as well as the first carbon-inset beef supply chain in the world. EcoBalance Global's Tellan Steffan stated the following:As a result of the signing of a Memorandum of Understanding with our partners at KazBeef and rTek at COP28, we are delighted to launch the pilot project. As a result of this program, Kazakh farmers will have the ability to produce and market low carbon beef products on their own land, which will be the world's first working carbon storage project that can be scaled.A third of all greenhouse gas emissions that are caused by humans come from food systems, so it is hoped that the EcoBalance Framework can provide a comprehensive solution to reducing carbon dioxide emissions in the agricultural sector, as well as establishing a template which can be scaled globally." KazBeef was established in 2011 and has continued to demonstrate its commitment to environmentally conscious farming practices, while maintaining a high quality operation which currently includes more than 15,000 heads of cattle, as well as producing more than 6,000 tons of beef per year.With its partnership with EcoBalance Global, KazBeef has found a partner that is equally dedicated to developing pioneering farming methods that are driven by a mission to reduce the industry's carbon footprint, while also generating new revenue streams for local farmers.In its pilot ranch in North Dakota, EcoBalance Global has created over 18,000 registered soil carbon credits in addition to producing and tracking 900 head of climate smart cattle at the same time.Yerkin Tatishev, Chairman of Kusto Group, has issued the following statement in response to KazBeef's announcement and its participation at COP28:Through our partnership with EcoBalance Global, Kazbeef is leading the way in carbon capture in agriculture thanks to our partnership with EcoBalance Global. Kazbeef has long been a leader in environmentally conscious farming and ranching practices. As part of our participation in Kazakhstan's pavilion at COP28, I am delighted that our efforts have also been recognized as a model for many others, and I hope that this can serve as a model for many others as well.As President of KazBeef, I am proud to be able to contribute to the creation of a more sustainable future for us all and I know that the COP28 offers a unique opportunity for us to discuss the ongoing transition in global food production and farming.The Managing Partner of Rakurs Consulting Group, Dosym Kydyrbayev, said the following:As we embrace the challenges and opportunities of environmental sustainability in Kazakhstan, it is crucial to recognize the crucial role that innovative technologies and data-driven approaches are playing. The companies like rTek are at the forefront of this revolution, offering vital solutions to carbon projects that include soil sampling, MRV, standards adoption, and quality control.To advance Kazakhstan's decarbonization goals, the private sector will have to commit to long-term collaboration with governments, local governments, and international organizations. In addition to supporting our nation's ecological goals and positioning Kazakhstan as a leader in climate action and sustainable development, we intend to execute this project and others as well."EcoBalance Global: An Overview EcoBalance Global is a US-based company that develops, consults, and manages carbon reduction projects across various industries. Using our relationships with farmers, ranchers, and landowners, we are able to develop projects that biologically enhance their soil, sequester and store carbon, as well as increase the production of vegetation through our projects. In order to help the agriculture industry at large to lower its carbon footprint, we have developed a robust Soil Carbon Sequestration and Storage Framework (Framework) to assist the industry in reducing its carbon footprint. As part of our Framework, we employ methodologies and procedures to address the diversity of environmental requirements that exist for farms and ranches around the world As part of our Framework, we employ methodologies and procedures to address the diversity of environmental requirements that exist for farms and ranches around the world
No Comments