Biochar Now, in partnership with AgriCap Group, LLC, has announced the availability of insured high integrity biochar carbon credits. This new offering aims to enhance the authenticity and reliability of carbon credits, providing greater peace of mind for both buyers and investors through the newly launched "Insured Carbon" program.
Biochar Now has achieved ISCC Plus certification, which acknowledges the sustainable use of wood in its patented biochar production process. This process results in high-quality biochar that generates high integrity carbon credits. These credits undergo rigorous validation and verification by accredited third-party auditors, ensuring their authenticity. To further guarantee the integrity of these carbon credits, they are insured from creation through to retirement.
The "Insured Carbon" program, crafted by AgriCap Group, LLC, includes a custom structured insurance policy provided by AXA. This policy safeguards the production of biochar carbon credits against significant weather disruptions and ensures the credibility, additionality, permanence, and exclusivity of the verified carbon credits. It also protects against the devaluation, degradation, deterioration, or invalidation of a verified biochar carbon credit for its entire lifespan.
Biochar Now is now offering these insured biochar carbon credits to interested parties. The transparency of the biochar carbon credit documentation is maintained through a customized "Insured Carbon" IT administration system and blockchain integration, developed by Independent Data Management, LLC and AgriCap Group, LLC.
This announcement is significant for several reasons. Firstly, it underscores the growing importance of sustainable practices and climate action within the carbon credit market. By ensuring the integrity and insurance of these credits, Biochar Now and AgriCap Group are addressing key concerns that have previously hindered the adoption of carbon credits, such as authenticity and reliability.
Secondly, the use of blockchain technology for tracking and recording documentation introduces a new level of transparency and security. This advancement not only strengthens the credibility of the carbon credits but also sets a precedent for other companies in the industry to follow.
Finally, the comprehensive insurance coverage provided by AXA offers an added layer of security for investors, mitigating risks associated with the devaluation or invalidation of carbon credits. This could potentially attract more investors to the carbon market, fostering greater investment in sustainable and environmentally friendly projects.
Overall, the introduction of insured high integrity biochar carbon credits by Biochar Now and AgriCap Group represents a significant step forward in the carbon credit market. It highlights the potential for innovative solutions to address existing challenges and drive greater adoption of sustainable practices globally.
