Soil stabilization using cementing materials is a well-known procedure for earth-based building blocks preparation. For the selected binding materials, innovation usually focuses on low carbon systems, many of which are based on alkaline activation. In the present paper, blast furnace slag (BFS) is used as a mineral precursor, and the innovative alkali activator was olive stone biomass ash (OBA). This means that the most important component in CO2 emissions terms, which is the alkali activator, has been replaced with a greener alternative: OBA. The OBA/BFS mixture was used to prepare compacted dolomitic soil blocks. These specimens were mechanically characterized by compression, and water strength coefficient and water absorption were assessed. The microstructure of blocks and the formation of cementing hydrates were analyzed by field emission scanning electron microscopy and thermogravimetry, respectively. The final compressive strength of the 120-day cured blocks was 27.8 MPa. It was concluded that OBA is a sustainable alkali activator alternative for producing BFS-stabilized soil-compacted blocks: CO2 emissions were 3.3 kgCO2/ton of stabilized soil, which is 96% less than that for ordinary Portland cement (OPC) stabilization.