Ostrom Climate Unveils New Strategy and Launches Agriculture Project in the Philippines

Ostrom Climate Solutions Inc. has announced a strategic shift to concentrate on high-quality carbon project development. Anticipating growth in the carbon market to $1.1 trillion by 2050, the company aims to leverage its expertise to generate recurring revenues from carbon credits and improve returns on invested capital.

The firm introduced a flagship Climate-Smart Agriculture initiative partnered with the Philippines' National Irrigation Administration. This project targets reducing methane emissions in rice production through Alternate Wetting and Drying (AWD) techniques. Ostrom Climate has also made key leadership appointments to drive global initiatives.

The company's focus includes Nature Based Solutions, which utilize natural processes for carbon capture. Their strategic areas cover improved forest management, avoided deforestation, blue carbon projects, biochar utilization, and bio-fuels.

CEO Phil Cull expressed confidence in the robust growth of the voluntary carbon market, emphasizing the importance of strategic shifts. The company has fostered long-term relationships with major global carbon emitters and plans to develop structured financing solutions to meet emission reduction targets.

Ostrom Climate's partnership with NIA involves transforming 100,000 hectares with AWD in the Philippines. This project aims to enhance water efficiency and reduce methane emissions, aligning with national food security and climate goals.