Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse #atlanticcanadaSAN FRANCISCO/LONDON - Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from sectors as diverse as technology and finance, chemicals and aviation.
Around 4.6 million tons of credits from a range of engineered removal projects were purchased in 2023, data from industry tracker CDR.fyi showed, of which around 118,000 tons were delivered, backstopped by confirmation from external certification companies that the carbon had been removed. The bulk of the delivered credits in 2023, around 93%, were for biochar, CDR.fyi said, a scientifically simpler process of locking carbon emissions away by turning agricultural waste into charcoal, with most of the certifications provided by Puro.
Puro expects its certifications will hit 400,000 this year, CEO Antti Vihavainen said."We are going to see, you know, 100% or nearly 100% compound average growth rates during the next three years," he said. Peter Reinhardt, the CEO at Charm Industrial, which turns agricultural waste into bio-oil, said he had also seen more buyers join in.