Level39 provides ambitious tech businesses with the tools they need to have a major financial and social impact in the world. Learn more

News and Insight - Toucan’s CHAR: Liquid Market for Biochar Credits- Level39

Back

The biochar market is expected to grow 6x in the next 2 years. But it’s been lacking key infrastructure to sustainably reach its potential

That’s why we’ve launched #CHAR – Market infrastructure for the automated, on-demand buying and selling of biochar carbon credits.

​CHAR value proposition:

​CHAR is infrastructure for the automated, on-demand buying and selling of biochar carbon credits. It aggregates credits issued from Puro.earth (“CORCs”) on one single platform as CHAR. All CHAR-eliglible credits have additionally been screened by Toucan. CORC holders can sell their credits into CHAR for instant access to returns, or purchase specific projects from CHAR’s available supply with immediate settlement.

​CHAR’s streamlined access to capital furthers Toucan’s mission to address major supply bottlenecks across CDR. It helps young and established projects in the nascent biochar market space to liquidate their credits to fund their growing operations.

​Key benefits of CHAR

​The CHAR pool addresses key bottlenecks for the CDR space:

  • CHAR allows buyers to select specific projects while still benefiting from the liquidity of the market by realizing a new version of a standardized contract
  • Project developers can sell their credits directly into the market, without the need to wait for a counterparty.
  • All biochar credits available via CHAR are sold for a clear price, which updates dynamically based on real-time market activity.
  • CHAR will distribute royalties to suppliers, which helps these key actors scale their operations

 

Back

An article by:

Anna Gilmer

For further information,
please contact:

Press Office
Canary Wharf Group plc
020 7418 2166
pressoffice@canarywharf.com

Other news stories

Stay ahead
of the curve

Read our monthly newsletter to stay up to date with what’s happening in the Level39 community

Read our monthly newsletter to stay up to date with what’s happening in the Level39 community

By signing up I agree to receive the Level39 email newsletter and offers. Privacy Policy