Kenya’s Sistema.bio Secures $53M to Launch FarmCarbon Fund, Driving Climate Finance for Smallholder Farmers
Sistema.bio is a suite of technology, training, and financing platforms that has gained $ 53 million to launch the FarmCarbon Climate Finance Fund, a pioneering initiative designed to channel global climate capital directly to smallholder farmers. This fund will subsidize bio-digesters that help convert livestock waste into a clean energy and carbon credits which makes it cut cost for farmers while accelerating gasoline mitigation.
The implementation of this technology will enable turning animal waste into bio-gas for cooking, electricity production, and organic fertilizer, and will be facilitated by the FarmCarbon initiative, which is supported by global investors such as BNP Paribas Asset Management, British International Investment, and the Shell Foundation.
According to the Co-Founder and CEO of Alexander Eaton, stated that;
FarmCarbon takes this proven solution and makes it accessible at an even larger scale—paying the economic benefits of carbon credits forward to farmers, and empowering them to co-invest in energy, productivity, health and climate outcomes on their own farms.”
Sistema.bio believes that by focusing on more than 90,000 biodigester installations, FarmCarbon will play a crucial role in reducing methane emissions, a greenhouse gas that is much more efficient than carbon dioxide in the short term, while also increasing farm productivity and lowering the cost of fertilizer for smallholder households.
About Sistema.bio
Sistema.bio was founded by Alex Eaton in 2010 as a Kenya-based climate tech company that develops and distributes biogas and clean energy solutions for smallholder farmers. The company helps farmers convert livestock and organic waste into biogas for cooking, electricity, and organic fertilizer, reducing reliance on wood, charcoal, or fossil fuels.