Green Earth Group N.V. ("Green Earth" or "the Group") (Euronext: EARTH, NL0009169515), a leading end-to-end project developer of nature-based solutions, announces the successful completion of its two-year pre-feasibility programme across Eastern Europe and the start of a full feasibility study in Ukraine. The study marks the Group's formal entry into one of the world's largest agricultural markets and its first soil organic carbon programme in the region.
Since 2024, Green Earth has systematically explored Eastern Europe as a new frontier for nature-based carbon projects, conducting field visits, satellite analyses, and stakeholder engagement in Poland, Lithuania, Latvia, and Ukraine. This pre-feasibility phase assessed agro-ecological conditions, land availability, regulatory frameworks, and partner readiness across the region. Ukraine emerged as the clear priority market, and the Group is now advancing to a full feasibility study focused on regenerative agriculture and soil carbon credits in West Ukraine.
Any future project development would be expected to follow the Verra VCS VM0042 methodology (Improved Agricultural Land Management), the leading international standard for quantifying carbon sequestration in agricultural soils. Under this methodology, farmland transitions from conventional to regenerative practices—such as reduced tillage, cover cropping, and improved nutrient management—which increase the amount of organic carbon stored in the soil. This measurable increase in soil organic carbon (SOC) is what generates verified carbon credits.
Key highlights
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Two-year regional exploration completed: Green Earth's pre-feasibility work across four Eastern European countries combined satellite-based land analyses with in-country missions and dialogue with agricultural operators, sector institutions, and government bodies. The programme confirmed strong technical and commercial potential for soil organic carbon projects in the region, with Ukraine offering the most compelling combination of scale, soil quality, and operator readiness.
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Ukraine as priority market: Ukraine holds approximately 42 million hectares of agricultural land, around 70% of its territory, with some of the most carbon-rich soils in the world. The feasibility study targets large-scale agricultural operators in the stable western regions of the country, each managing 10,000 hectares or more. Should the feasibility study produce positive results, a future pilot phase could potentially cover up to 100,000 hectares.
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Full feasibility study underway: The study will establish a validated soil organic carbon baseline through physical soil sampling combined with Green Earth's satellite-based MRV technology, assess the implementation of regenerative practices within existing crop rotations (wheat, maize, sunflower), and clarify the legal and regulatory framework for carbon credit issuance and trading in Ukraine. The feasibility study is being carried out with the Verra VCS VM0042 methodology for improved agricultural land management as its starting framework.
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Stakeholder engagement: Green Earth's team has visited Ukraine multiple times over the past 18 months and initiated dialogue with important stakeholders in the region. These discussions are supported by the fact that Ukraine has recently greenlit domestic rules for Paris carbon credit trading, providing a clear, government-sanctioned framework for the registry and transfer of environmental assets. The Group is conducting exploratory discussions with several large agricultural operators and specialised local partners, supported by visits to Ukraine by Green Earth’s CEO and meetings with local stakeholders, agricultural operators and potential project partners.
"For two years, we have carefully explored Eastern Europe, from the Baltics to the Black Sea. Our analysis indicates that Ukraine may represent one of the most compelling markets for carbon sequestration in agricultural soils. At the same time, we see strong demand for high-quality carbon credits originating from European soil. That is precisely why we want to move forward: if the feasibility study is positive, our aim is to issue and sell the first credits before 2030." — Selwyn Duijvestijn, CEO of Green Earth Group
When the feasibility study is successful, an initial 100,000-hectare project phase under Verra VCS VM0042 could indicatively generate 75,000 to 125,000 verified carbon credits per year, or approximately 2.25 to 5.0 million credits over a 30- to 40-year project life, with current market indications for high-quality soil carbon credits ranging from approximately €25 to €60 per credit. A successful development of the programme could therefore strengthen Green Earth's project pipeline, contracted sales and future revenues.
About Green Earth
Green Earth is an end-to-end project developer of high-quality, large-scale nature-based solutions accredited by leading standards. The company is driven by a mission to make regeneration scalable and investable for people and the planet. Green Earth’s projects enhance biodiversity, restore ecosystems, and improve community livelihoods worldwide. Green Earth oversees the full project lifecycle, from initial design to long-term monitoring and credit issuance, ensuring integrity and transparency at every stage.
The company’s global team of specialists combines world-class expertise with a local presence to deliver measurable environmental and social outcomes that enable businesses and governments to achieve net zero while creating lasting economic value. Green Earth Group is publicly listed on Euronext Amsterdam under the ticker symbol AEX:EARTH and ISIN code NL0009169515. www.green.earth
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Disclaimer
This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in Green Earth and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of Green Earth, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by Green Earth’s management. Although Green Earth believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of Green Earth are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, Green Earth assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of Green Earth’s services and products is subject to its General Terms and Conditions.
