Creating The Circular Carbon Economy
CO2 Compensation Projects
At the present time, the production costs of Biochar (without subsidies) compared to the current ‘market value’ of a Carbon Removal Credit does not make the use of Biochar on its own as a CO2 removal strategy cost-effective. With an average cost of around €600/t for Biochar, compared to just €310/t for a Carbon Removal Credit (1t Biochar = net 2.04t CO2 removal), this presents a strog economic disincentive.
Of course the ‘real’ cost of not removing a ton of CO2 from the atmosphere is estimated to be about €185/t, which many scientists claim is too low and that a figure of €300/t would be more realistic over the next 100 years.
What is largely agreed however, is that the longer we delay reducing emissions, the more the real cost per ton will increase. In tany case, the value of the additional services that Biochar can perform have the potential to add significantly to this value for the end user, either in the form of cost savings over using alernatives, or in improved performance of the product or system into which Biochar is intoduced.
In addition to the direct emissions savings created by sequestering carbon in a solid form, further additinal savings can be achieved by using Biochar to displace current materials many of which are produced by uisng fossil fuels. These ‘indirect savings’ should also be included in a CO2 reduction calculation where robust evidence is availble.
Please be aware that the results shown at the calculator pages are more estimations than exact values.
They are ment to give you a first impression and give some numbers as basis for creating ideas.
If indirect emissions are included, the total CO2 emissions avoided are worth €150/t.