Google has agreed to buy 1 million carbon credits from Indian climate-tech startup Mitti Labs through 2030, in what the companies say is the largest publicly announced deal to date for credits generated from cutting methane emissions in rice farming.
The four-year agreement will cover rice farms across the Indian states of Karnataka, Andhra Pradesh, and Telangana, reaching about 100,000 hectares at peak delivery, Mitti Labs co-founder Xavier Laguarta said in an interview. Financial terms were not disclosed.
