background image

The Remarkable growth of the global biochar market: a beacon of environmental progress

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Earth.Org or enjoy below:

🗞️ Driving the news: The global biochar market achieved a remarkable milestone in 2023, with a market value of $600 million and a 91% Compound Annual Growth Rate (CAGR) from 2021, according to a report by the International Biochar Initiative (IBI) and the US Biochar Initiative (USBI)

🔭 The context: Biochar is a stable form of carbon produced from organic materials, endorsed by the IPCC as a crucial carbon dioxide removal (CDR) technology
• The technology's scalability and readiness make it a key player in the effort to combat climate change, with the potential to remove up to 6% of global emissions annually

🌍 Why it matters for the planet: In 2023, biochar contributed to over 90% of delivered carbon credits, showing significant potential in global efforts to mitigate climate change
• It's poised to reach a gigaton of carbon removal by 2040, underlining its importance in achieving climate goals

⏭️ What's next: The biochar industry faces the dual challenge of developing high-volume, high-value markets and navigating voluntary carbon markets' complexities
• Success in these areas could enhance biochar's carbon removal impact and ensure its economic sustainability

💬 One quote: Lucia Brusegan, IBI Board of Directors Chair, describes biochar as a “system,” highlighting the interconnectivity between market demand, carbon credits, and biochar's physical benefits.

📈 One stat: The global biochar market is projected to reach nearly $3.3 billion by 2025, signaling not only economic success but also a significant step toward environmental sustainability and climate resilience.

Click for more news covering the latest on carbon


Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)