Dry deep mixing (DDM) is a soil stabilization method widely used in countries with large soft clay areas, such as in the Nordic countries. In Finland, DDM is performed using a binder material that commonly consists of cement and lime in a 50:50 or 30:70 ratio. However, both lime and cement generate large amounts of emissions of carbon dioxide, which has led to a shift toward alternative materials in recent years. This paper presents the results of an extensive testing program where samples of Finnish sensitive soft clay are stabilized with eight different low emissions binders and tested by means of the uniaxial compression strength test. The alternative binders comprise different by-products and/or pozzolanas in varied percentages, which include lime kiln dust (LKD), biomass-based fly ash from bioenergy production, gypsum, blast furnace slag, as well as lime and cement in reduced amounts. The tests were performed on samples stabilized at different binder densities (60, 70, 100, 120, 140, and 160 kg/m3) and after 28 days of curing to determine the optimum densities for DDM design purposes. The results showed that binders such as blast furnace cement, the cement- quicklime-gypsum (33:33:33), and the LKD-cement (50:50) exhibited higher strength than the traditional lime/cement binders at different binder densities. In addition to these results, a simplified CO2 emissions calculation procedure is proposed for a DDM design supporting a road embankment, and two different emissions factors are obtained for the investigated binders. The results showed that some alternative binders can provide high binding efficiency with low CO2 emissions.