Toucan.earth, a digital platform for climate finance, is launching the world’s first ‘liquid’ market for biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More credits, responding to increasing interest from carbon credit buyers. Biochar, a type of charcoalCharcoal is a black, brittle, and porous material produced by heating wood or other organic substances in a low-oxygen environment. It is primarily used as a fuel source for cooking and heating.   More, is created through organic matter pyrolysisPyrolysis is a thermochemical process that converts waste biomass into bio-char, bio-oil, and pyro-gas. It offers significant advantages in waste valorization, turning low-value materials into economically valuable resources. Its versatility allows for tailored products based on operational conditions, presenting itself as a cost-effective and efficient More, offering long-term carbon storage and multiple co-benefits. The World Economic Forum deems Biochar Carbon Removal (BCR) critical, capable of addressing up to 35% of Carbon Dioxide Removal (CDR) needs.

BCR dominates carbon credits, comprising 94% of 2023 deliveries with a lower cost of $179 per ton of CO2. Demand for BCR credits has surged, with potential to eliminate 6% of global emissions annually.

Toucan’s innovation, CHAR, introduces a crypto-based platform for biochar carbon credits. It consolidates pre-screened credits onto a unified platform, establishing a transparent, online market accessible around the clock. Buyers can retire, sell, or transfer credits, promoting flexibility and transparency.

CHAR addresses the absence of a widely traded liquid market in the broader voluntary carbon market, overcoming the decline in standardized contracts and highly customized over-the-counter trading. By integrating with Puro.earth’s registry, CHAR ensures the quality of transferred credits, paving the way for a marketplace for biochar carbon removal credits.

The platform streamlines access to capital, benefiting existing and emerging projects in the biochar market. Enlisting reputable project developers and offering a unified price for BCR credits, CHAR aims to enhance transparency and facilitate the automated, on-demand trade of biochar carbon credits. Toucan’s initiative signifies a significant step towards achieving net-zero targets and supporting sustainable climate solutions.

READ MORE: Toucan Launches World’s First Liquid Market for Biochar Carbon Credits