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Rabobank has chosen Move as its digital partner to create a mobile app for the Acorn Project. Project Acorn is a new program of Rabobank to enable CO2 storage on a large scale for smaller farmers in Africa, Asia and Latin America. This is done through a different method of agriculture that stores CO2 in biomass.
Small-scale farmers in developing countries are more likely to face extreme drought and rainfall due to the climate crisis. Forest agriculture is a solution to the problem. And recently, it also offers a new, additional revenue model. Because trees can extract CO2 from the atmosphere and store it as carbon. And with that, small-scale farmers can make money on the international carbon market. Rabobank's Acorn program sells Carbon Removal Units (CRUs) based on carbon actually stored in planted trees, after trees have converted carbon into biomass. The CRUs are sold in the form of carbon certificates to companies with net-zero targets who want to offset their unavoidable emissions.
Move stood out in the selection process because of their extensive expertise in mobile solutions, their extensive collaboration with other Rabobank projects and their unique past experience, which allowed them to deliver a robust final product.
Rabobank's goal with this project is to enable millions of small farmers to switch to forest agriculture by compensating them for their contribution to our planet. In this way, combating the climate crisis can go hand in hand with developing new earning models.