In the last few years, environmental commodities have been an effective market solution in the fight against climate change. The most common ones are carbon credits. Every ton of CO2 is provided by projects that involve nature -based solutions, technology-based solutions, carbon removal, avoidance projects among others. The stakeholders who buy these carbon offsets are carbon intensive sectors around the world because they bet on a decarbonization strategy or are subject to environmental regulations.
Carbon removal projects look for alternatives that involve natural and technological solutions, which help sequester emissions from the atmosphere. Nowadays, there are several and effective options for carbon removal methods. One of these methods is called Biochar and you might have heard more about it lately, but…
What is Biochar?
Biochar is the result of waste biomass and organic material. These are exposed to high temperatures in anaerobic conditions. This process is called pyrolysis. As a result, Biochar is increasingly being used as biofertilizer, contributing important benefits to the soil such as:
- Improve water and nutrient retention
- Improve the soil structure and aeration
- The microorganism activity increase improving the quality of soil and plants
On the other hand, the Biochar method has an important value. It has the potential to reduce atmospheric CO2 by using forests and soils as a carbon ‘sink’. Carbon in the biochar form can be mixed into soils, significantly reducing the rate of return to the atmosphere.
A chance to be part of Carbon Market
The 2019 refinement to the 2006 IPCC Guidelines provided a robust and ambitious foundation for the use of biochar as an organic alternative in the international carbon markets. The effect of biochar on soil carbon stock change is determined by biochar application rate and quality. Also, it includes organic carbon content and fraction, which can sustain for 100 years IPCC 2019. This material is highly effective to decrease GHG emissions and it brings stability as a source of carbon capture and removal. Verra is the first carbon registry that proposes a methodology for Biochar projects.
Carbon Credits and Buyers
Biochar Projects are developed on farms where the land is appropriate for this activity. The local population can be involved in this kind of project, where the main product is carbon credits and other byproducts for land use, promoting the sustainable development and good practices of agriculture.
Biochar credits are categorized as nature-based solutions carbon removal projects, and it is a combined system where the technology plays an important role too. There are already projects in Europe with good results, and the price of these credits has a wide range. The approach is for all sectors that are looking for innovative and effective solutions. Furthermore, they want to make known their commitment with climate actions and support the evolved solutions to reduce GHG emissions.
ALLCOT is aware of the worldwide evolution and wants to go beyond. But how sustainable solutions are going hand in hand with technology? and, how can the industry be part of these solutions? We are a bridge between environmental science and industrial sectors that seek to adapt in the climate change era.
At ALLCOT Trading we are active in the Colombian Market and always looking to promote positive change. If you want to achieve this in a fair, transparent and win-win scenario, contact us and together we will make it happen.