Carbon Streaming partners with Microsoft for biochar carbon removal

Carbon Streaming Corporation is set to supply Microsoft with carbon removal credits from the Waverly Biochar project located in Waverly, Virginia. Anticipated to yield up to 10,000 tonnes of carbon dioxide removal credits annually, this initiative aligns with Microsoft’s commitment to achieving carbon negativity.

“We are delighted to be working with Microsoft to provide them with high quality and scalable carbon dioxide removals to support their carbon negative commitment. We’re particularly excited about the capacity for biochar to scale this decade with support from visionary organisations such as Microsoft,” said Oliver Forster, Vice President of Sales at Carbon Streaming.

“We’re pleased to work with Carbon Streaming to support the development of biochar as a carbon removal approach through the Waverly Biochar project. Carbon Streaming’s capacity to provide project-level finance is an important part of scaling this industry and it ensures we can focus on procuring carbon removal from high quality projects,” said Brian Marrs, Senior director, energy and carbon, Microsoft.

Producing biochar and burying it into soils serves as a long-term carbon storage method. According to Project Drawdown, biochar has the potential to sequester a substantial 1.36–3.00 gigatons of carbon emissions by 2050, which equates to approximately two to four and a half years’ worth of Canada’s 2021 carbon emissions.

To achieve such a substantial scale, it’s imperative to build both supply and demand for biochar. Corporations can significantly contribute to the industry’s growth by committing to procure carbon removal credits from biochar projects.

“Alongside other nature-based and technological carbon removal solutions, we see biochar as a vital piece of the puzzle for corporations with net zero commitments. Its capacity to scale and deliver relatively cost-effective removals towards corporate commitments this decade are standout attributes” added Mr. Forster.

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