Biochar Credits Gaining Attention
(Edmonton, Alberta, Canada) - Biochar carbon credits are gaining attention as a valuable tool for carbon sequestration and emissions reduction. Biochar is a form of charcoal that is produced by heating organic material in the absence of oxygen, a process known as pyrolysis. This results in a stable carbon-rich material that can be used as a soil amendment or as a carbon sink.
Biochar carbon credits are valuable for several reasons. First, the production of biochar is a carbon-negative process. During pyrolysis, carbon is removed from the atmosphere and stored in the biochar, resulting in a net reduction of greenhouse gas emissions. This makes biochar an effective tool for carbon sequestration and climate mitigation.
Second, biochar can improve soil health and agricultural productivity. When added to soil, biochar can increase soil fertility, water retention, and nutrient availability. This benefit can remain in the soil for up to 17,000 years. This can lead to increased crop yields and improved soil quality, which can benefit farmers and food security.
Third, biochar production can also generate other co-benefits, such as the production of renewable energy and the reduction of waste. For example, biochar can be produced from waste materials such as agricultural residues, forestry waste, and municipal solid waste.
Finally, the value of biochar carbon credits is also influenced by the regulatory environment. In some jurisdictions, biochar carbon credits may be eligible for certification under carbon offsetting programs such as the Verified Carbon Standard (VCS) or the Gold Standard. This provides a means for companies and individuals to offset their greenhouse gas emissions by purchasing biochar carbon credits.
In conclusion, biochar carbon credits are valuable due to their ability to sequester carbon, improve soil health, and generate co-benefits such as renewable energy and waste reduction. Industry consistently places values of $100+ USD/TCO2E on biochar credits with some premier projects having realized €500+/TCO2E in recent offerings.