Verra announces first Biochar project under verified carbon standard program

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🗞️ Driving the news: Verra has registered its first biochar project under the Verified Carbon Standard (VCS) program, marking a significant milestone in carbon dioxide removal (CDR)
• The project, titled Project Reignite: Turning Farm Waste into Climate Action and located in Odisha, India, involves converting agricultural waste into biochar to improve soil and sequester carbon
• The carbon credits generated will help finance the project’s expansion

🔭 The context: Biochar is produced by heating biomass in low-oxygen environments and has the potential to sequester carbon for centuries
• Verra’s VM0044 methodology helps calculate emission reductions, and the program is being updated to enhance its applicability for larger-scale projects

🌍 Why it matters for the planet: Biochar could mitigate up to 1 billion tons of CO2 annually by 2050, making it a crucial tool for long-term carbon sequestration and supporting sustainable agricultural practices

⏭️ What's next: Verra plans to expand the scope of its biochar methodology through public consultation to increase global adoption of biochar projects for carbon removal

💬 One quote: "Biochar has the potential to sequester carbon for centuries or millennia" — Verra statement

📈 One stat: Biochar could mitigate at least 1 billion tons of CO2 annually by 2050.

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