Business India ×
 Climate Change

Land Use
Published on: Feb. 14, 2020, 11:18 p.m.
Xylo's business model links planting and maintaining forests to the carbon credit system

By Business India Editorial

Only recently launched, Xylo has developed an innovative business model that links planting and maintaining forests to the carbon credit system. It is a first-of-its-kind market platform that aggregates micro-forestry carbon credits to be sold to businesses and institutions that wish to offset their carbon footprint. Through a reliable, transparent platform, Xylo measures and aggregates the carbon offsets of small farmers that have planted a forest, typically on barren land. Proceeds from the sale of the carbon credits are then distributed back to the individuals and institutions that planted the forest to ensure ongoing maintenance and the planting of more trees.

Xylo was born out of an established forestry network called Alaap, which supports reforestation in India using the Miyawaki Method. The organisation differentiates planting trees and planting forests, based on biodiversity and density. Over the years, Alaap has created dense, native forests that grow 10 times faster, and are 30 times denser than conventional growth trends. Alaap also makes backyard forests for fuel, fodder and nutrition for local communities. These pieces of the forest also improve biodiversity and reduce water runoff.

The rapid growth of forests set out by Alaap made it realise that it is doing something that industries would like to do, but have limited capacity and knowledge. Its solution is to take these carbon credits to interested industries to help them offset their emissions and contribute to remaking green areas and cutting down on massive amounts of carbon emissions. Xylo redistributes funds to farmers.

With Alaap as its first source, Xylo hopes to open up its platform to other forestry initiatives, giving them the incentive to continue their efforts through an income. Xylo also hopes to build a holistic and meaningful platform for industries by opening up information and knowledge on the forests they are helping create.

In the long run, Xylo intends to make the carbon measurement process more efficient by leveraging technology, providing buyers a transparent, real-time, monitoring experience and connect buyers and forest creators directly through an easy to use platform.

The team at Xylo is led by Sheeba Sen, a corporate lawyer turned environmentalist. Sen came to the idea of Alaap and Xylo while trying to understand the coffee business in Karnataka. Her experience showed the urgent need for biodiversity and forest creation to help significantly cut down carbon emissions while encouraging sustainable livelihoods.


Renewable Energy

The company remains the largest corporate buyer of renewable energy — a position it’s held since 2020

Amazon sets RE use record

Published on Feb. 1, 2023, 11:41 a.m.

The company remains the largest corporate buyer of renewable energy — a position it’s held since 2020

Renewable Energy

During 2014-2021, total investment in renewables stood at $78.1 billion in India

India favoured for RE investment: Survey

Published on Feb. 1, 2023, 11:26 a.m.

During 2014-2021, total investment in renewables stood at $78.1 billion in India

Conferences

The event will enable sharing of knowledge from successful initiatives

Power-packed G20 meet in Bengaluru

Published on Feb. 1, 2023, 11:11 a.m.

The event will enable sharing of knowledge from successful initiatives

Energy

The project will consist of co-located wind and solar components

BrightNight forays into India

Published on Feb. 1, 2023, 10:54 a.m.

The project will consist of co-located wind and solar components

E-MAGAZINE

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use