Callirius, Cula Team Up On Monitoring And Financing For Biochar Projects

Callirius, Cula Team Up On Monitoring And Financing For Biochar Projects - Carbon Herald

German climate finance company Callirius has joined forces with Cula Technologies, a specialist in digital Measurement, Reporting, and Verification (dMRV), to advance biochar projects, aiming to enhance transparency and credibility in a market often marred by quality concerns and reputational risks.

Cula pioneers dMRV processes for assessing biochar projects climate impact, while Callirius provides tailored financial solutions to attract private capital into high-quality carbon initiatives.

The conventional reliance on manually inputted data for verifying biochar’s climate impact poses risks of inaccuracies and potential fraud, Callirius and Cula said in a joint statement on Wednesday.

To address this, Cula introduces an innovative monitoring platform integrating machine, tracking, and laboratory data, ensuring reliability throughout the biochar production and application cycle.

This data seamlessly integrates with Carbon Standards International (CSI), facilitating transparent issuance of carbon credits and enhancing project verifiability on Callirius’ platform.

Relevant: Exclusive: The 2023 Global Biochar Market Report Projects $3.3B Market Revenue By 2025

Leveraging data from various sources like remote sensing and machine data, projects undergo rigorous monitoring to validate their climate impact.

This approach is already being implemented by Block Biochar, which utilizes machine data integrated into its biochar verification process, bolstering confidence in the project’s climate impact.

Image: Cula Technologies

David Steinmetz, Natural Climate Solutions Specialist at Callirius, emphasizes how Cula’s MRV data enriches their quality assessments, instilling confidence in investors regarding real climate impact.

Oliver Erb, co-founder of Cula, views the partnership as pivotal in directing funds toward impactful climate solutions, empowering investors to make data-driven decisions and accelerating investment in carbon removal projects.

The innovative collaboration, blending advanced monitoring with effective capital allocation, is crucial in overcoming barriers and attracting private investment into nature-based carbon removal projects, the partners concluded.

Read more: Opinion: Biochar – The Circular System At The Heart Of The Carbon Negative Revolution

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