As co-authors, PYREG was invited to contribute to a new report by Boston Consulting Group (BCG) and Deutscher Verband für negative Emissionen e.V. (DVNE) on the economic potential of Carbon Dioxide Removal.

According to the report, the global economic potential of the CDR industry could reach up to €470-940 billion annually by 2050. In Germany alone, the CDR industry could grow to €70 billion per year by 2050, creating up to 190,000 jobs—surpassing the current employment levels in the wind energy sector.

The report also analyzes different CDR deployment scenarios for 2050, and it highlights that biochar carbon removal ranks as either the number one or number two novel CDR pathway in terms of volume. Regarding economic potential, BCR could reach a global economic impact of €35-70 billion.

The report emphasizes several reasons for BCR’s potential to scale, including its high technological readiness, its flexibility across various locations, and its ability to produce surplus energy. These factors make BCR particularly promising for large-scale implementation, also in Germany.

Europe, particularly Germany, is poised to lead with its technological expertise and progressive climate policies. However, bold and decisive measures need to be collectively implemented by policymakers, the CDR industry, CDR certificate buyers, and investors to unlock the full potential.

Explore more: BCG report “Carbon Dioxide Removal – Europe and Germany’s Role in Catalyzing a Trillion-Euro Industry”

Der Beitrag CDR – Europe and Germany’s Role in Catalyzing a Trillion-Euro Industry erschien zuerst auf PYREG GmbH.

Carbonfuture’s Carbon Removal Summit 2024 is a must-attend for companies dedicated to reaching their net-zero goals. Learn more about the Summit and register your interest to attend here ➡️https://www.carbonfuture.earth/summit/carbonfuture-carbon-removal-summit-2024

Der Beitrag PYREG is a CDR Innovator sponsor erschien zuerst auf PYREG GmbH.

A carbon credit is a tradeable unit representing the avoidance, reduction or removal of one metric ton of CO₂e from the atmosphere. Organizations and individuals can use these credits to oset their greenhouse gas emissions, or excess credits can be sold on verified crediting platforms, creating an extra revenue stream.

WHAT’S THE DIFFERENCE?

While often used interchangeably, carbon offsets and carbon credits operate on different processes and activities:

Carbon Offsets are an avoidance or prevention activity involving a reduction of CO₂ or other greenhouse gas emissions from the atmosphere in order to compensate for emissions made elsewhere. Some examples are solar and wind power.

Carbon Credits are a removal activity involving a removal of CO₂ or other greenhouse gas emissions from the atmosphere. Some examples are reforestation and biochar production. Companies or individuals who earn carbon credits can sell them to other organizations as carbon
osets to help oset their carbon footprint.

HOW DO CARBON CREDITS WORK?

Each carbon credit is treated as a unique and independently verified reduction of greenhouse gasses that must be traceable back to the specific carbon project that generated the emission reduction.

To qualify, the carbon project must be:

1. ADDITIONAL
The value of reductions must be beyond usual business practices.

2. REAL
Carbon reduction is measurable.

3. PERMANENT
The greenhouse gas removal is permanent and cannot be reversed.

4. REGISTERED
Each carbon credit is a unique, serialized and tracked unit that can be retired only once.

5. VERIFIED
An independent and qualified third party conducts a review of the project and certifies the emission reduction claim

WHAT PROJECTS QUALIFY FOR CARBON CREDITS?

Carbon offset and removal projects come in many forms and activities located all over the world, including:

• Carbon and methane capture and sequestration
• Emission reductions in industrial processes
• Land use and reforestation
• Returning biomass to the soil
• Investing in renewable energy
• Improving energy eciency
• Switching to alternative fuel types

WHAT ORGANIZATIONS VERIFY CARBON CREDITS?

Qualifying carbon projects are governed and verified by independent GHG Registries, such as:

https://acrcarbon.org/
https://verra.org/
https://www.goldstandard.org/
https://www.climateactionreserve.org/
https://puro.earth/
https://www.carbonfuture.earth/
https://unfccc.int/

WHO’S BUYING AND SELLING CARBON CREDITS?

Carbon market allows investors and corporations to trade both Carbon Credits and carbon offsets simultaneously.

There are currently two different carbon markets:

Worldwide compliance market
Companies that are large emitters of greenhouse gasses and are subject to government regulations. They are allowed to use carbon offsets for a portion of an emission reduction commitment.

Voluntary carbon market (VCM)
Allows individuals and companies not under a compliance program the opportunity to sell carbon credits to earn revenue or buy carbon credits to oset their emissions.

CARBON CREDIT / OFFSET LIFECYCLE

1. PROJECT DEVELOPMENT, VALIDATION & REGISTRATION

• Offset project is designed by a project developer, financed, then reviewed by an independent auditor
• Audit paperwork is sent to a standards committee, which certifies the project if standards are met
• Project is valued in terms of GHG reduction potential and co-benefits provided

2. CARBON OFFSET ISSUANCES

• Project is verified annually
• Carbon oset credits are issued based on verified quantity of CO2e GHG reductions

3. CARBON OFFSET TRADING / SALES

• Once issued, offsets can be transferred and traded between third-parties
• Purchaser does not necessarily use the offset
• Offsets can be traded several times

4. CARBON OFFSET RETIREMENT

• Offset holders must retire the offset in order to use them and claim the associated GHG reduction
• An offset can only be retired once

WHAT ARE BIOCHAR CARBON CREDITS?

Biochar carbon credits represent a permanent sequestration (removal) of carbon from the atmosphere. Physically trapping carbon in a stable
form (carbon sink) provides a longer and stronger permanence and higher value than traditional avoidance or reduction activities. When it comes to assessing and valuing carbon credits earned from biochar production and sequestration, it’s essential to work with industry-recognized organizations to ensure that the carbon removal is measurable, reportable, and verifiable.

Der Beitrag What exactly are carbon removal credits and how do they work? erschien zuerst auf PYREG GmbH.

Here’s what to know:

• The partnership aims to create a scalable and reliable digital infrastructure for CDR, essential for meeting the netzero goals of the Paris Agreement by scaling the industry to 10 Gt/year.
• The collaboration combines real-time Internet of Things data with the requirements from an established Standard and a digital MRV system. This enables businesses to confidently invest in CDR, while CDR suppliers benefit from real-time insights into their projects, enhancing the management and quality assurance of their projects.
• The partnership leverages the strengths of each organization involved. Puro.earth defines the data requirements to accurately assess the quality of the carbon removal project. Pyreg GmbH and SYNCRAFT then provide this essential data, such as pyrolysis temperature and water content of biochar. Carbonfuture gathers this data through its MRV+, providing it to suppliers for better delivery and inventory management, and to Puro.earth for certification and verification. Additionally, Carbonfuture markets verified CO2 Removal Certificates (CORCs) through its Marketplace.
  

Read more

Der Beitrag Carbonfuture, Puro.earth, PYREG and SYNCRAFT join forces to enhance transparency in tracking carbon removals erschien zuerst auf PYREG GmbH.

Get the latest insights on the voluntary carbon market and learn more about an innovative financing approach to accelerate biochar carbon removals!

In the first half of December, the international climate community will meet in Dubai at COP 28 to discuss how to (still) meet the Paris Agreement. One essential solution are CO2 removal technologies to generate negative emissions.

Not all removals are equal – they differ in permanence, co-benefits and cost. Biochar offers high permanence, competitive costs and multiple co-benefits (e.g. waste reduction, renewable energy, sustainable farming).

To accelerate the scale-up of removals, robust and transparent voluntary carbon markets  as well as innovative financing solutions are decisive.

REGISTER

Der Beitrag Join our virtual expert panel on Wednesday, December 13th from 14:00-15:00 erschien zuerst auf PYREG GmbH.

PCFS enables durable carbon removal at scale through biochar production from agricultural, forestry and municipal waste streams. With this solution, corporates can contribute to their climate targets while simultaneously accelerating biochar production. Through a pre-purchase of certified BCRs, PYREG machines are financed for agricultural businesses. PYREG will be the first company to implement a carbon leasing scheme for its carbonisation machines, enabling agricultural businesses to access revenues from the VCM. By doing this, PCFS creates a closed loop system for their customers whereby farmers can reduce their waste disposal and fertiliser spend, while improving their soil quality.

“With our PCFS project, together with Kita, we have significantly reduced the financing risk for BCR projects for customers and laid the foundations to dramatically increase the uptake of BCR technology. Now the doors are wide open for CDR offtakers and PYREG customers to optimally and rapidly utilise annual biomass residue potential regionally and contribute to achieving global climate targets by 2050. Through PCFS, we enable PYREG customers to benefit from our technology at a fraction of the purchase price.” – Jörg zu Dohna, CEO, PYREG

Kita and PYREG are working together to structure an innovative carbon insurance product to underpin this groundbreaking scheme, protecting offtake agreements from the risk of under-delivery of projected carbon credits. Kita’s flagship insurance product, Carbon Purchase Protection Cover, which protects financiers of forward-purchased carbon credits against under-delivery, will be implemented as part of the PCFS facility’s risk mitigation framework. Insurance acts as a stamp of confidence for prospective clients, enabling them to get the green light to invest in impactful CDR projects that have the potential to meet ambitious net zero targets. By offering an additional indication of due diligence and quality assessment, the provision of Kita’s insurance can help channel significant global capital towards PYREG’s innovative solution.

“Kita is committed to developing carbon insurance solutions that can underpin the growth of the most ambitious and impactful carbon removal projects. By reducing the risks involved in under-delivery of carbon credits, our insurance can support PYREG’s innovative biochar machinery leasing programme”. – Tom Merriman, Co-Founder and Chief Product Officer, Kita

Der Beitrag PYREG and Kita announce MOU to structure carbon insurance for world’s largest biochar carbon removal project pool erschien zuerst auf PYREG GmbH.

Our high-tech carbonization machines (50+ in the global market) have gained industry recognition for their ability to produce high-quality biochar that meets the stringent eligibility requirements set by the Puro Standard for CO₂ Removal Certificates (CORCs).
We are excited to offer biochar producers the opportunity to monetize their carbon removal operations by leveraging the credibility and integrity of the Puro Standard. Through their Puro Accelerate program, Puro.earth further enables biochar producers to secure funding for their projects in development. Together, we aim to foster the expansion of carbon removal initiatives.

We look forward to collaborating with Puro.earth to advance the adoption of biochar as a powerful solution for carbon removal and the mitigation of climate change.

*Carbon removal activities will still need to be verified before they can be issued into CORCS under the Puro Standard.

Der Beitrag puro.earth & PYREG empower biochar suppliers to monetize their carbon removal activities erschien zuerst auf PYREG GmbH.

This is a translation of the text excerpts about our company:

Pyreg: Biochar from biomass
Compost, green waste, wood and manure are also CO₂ emitters. The engineering company Pyreg, for example, manufactures a system that converts CO₂ containing biomass residues into valuable biochar.
In this process, the biomass is converted into biochar under air extraction and high temperatures in so-called carbonization plants. This prevents a large proportion of the CO₂ contained in the biomass from escaping into the atmosphere. The biochar is used, for example, in agriculture to enrich the soil with nutrients and in and in industry as a component of building materials. There, the CO2 is “safely stored for thousands of years,” says Pyreg CEO Jörg zu Dohna. If the green waste were left to rot instead, the CO₂ stored during the plants’ growth phase would be released again. One ton of Biochar permanently binds almost three tons of CO₂ per year.
The system has a further advantage: Heat is generated in the carbonization process. The industrial company Thyssen-Krupp Rothe Erde, which produces large-diameter antifriction bearings, has installed a carbonization plant at its production site in Lippstadt. According to Wilfried Spintig, COO at Thyssen-Krupp Rothe Erde, it covers around 40 percent of the energy requirements for heating and warm water in the production halls, offices and staff rooms. That corresponds to the annual demand of just under 180 four-person households. Thyssen-Krupp Rothe Erde uses wood from packaging waste. Around 2,500 metric tons of wood residues are used annually to generate over 5300 megawatt hours of heat and heat and around 640 tons of biochar.
Demand for the carbonization plants has has risen sharply in the past the past two years. Over 50 plants are in operation worldwide and remove 30,000 metric tons of CO₂ annually. This corresponds to equivalent to the climate performance of 2.4 million trees. The technology has has its price: one plant costs around two million euros.

230309_Handelsblatt print_Der Klimasünder CO2

Der Beitrag HANDELSBLATT about PYREG: “The climate polluter CO2 as a valuable material” erschien zuerst auf PYREG GmbH.

Der Beitrag Visit us at these upcoming events! erschien zuerst auf PYREG GmbH.

The three-day, virtual event will focus on quantifying biochar’s true climate solution impacts, as well as provide an update on the state-of-play for the global biochar industry. This is a wonderful opportunity to learn and engage with various experts from the biochar space and other aligned industries through group and one-one networking!

Register here. As an IBI member and sponsor for the symposium, PYREG is pleased to offer a 15% discount registration code:  IBI2022

Der Beitrag Raising Climate Ambitions with Biochar – a symposium by IBI erschien zuerst auf PYREG GmbH.