Soria,
Spain
Why is this important? Biochar is one of the most promising carbon dioxide removal solutions, promoted by the latest IPCC report. There is strong evidence that biochar also improves soil health, microbial activity, water use efficiency, and reduces nutrient leaching, among other benefits for agricultural ecosystems. Biochar has great co-benefits for agriculture, being an organic fertilizer with no rebound effect.
Why does this project need financial support? Financial support is crucial for the Carbonfields project, as there are no regulations mandating this type of agricultural waste management. The project requires pre-financing from the sale of carbon credits to be feasible. With total expected investments of €10.7 million, upfront funding is essential. Revenue from carbon credits is projected to constitute 79% of the project's annual revenue over the next 15 years. Supporting Carbonfields financially will ensure the project's development and success, enabling the conversion of agricultural waste into biochar and significantly contributing to carbon sequestration and environmental sustainability.
What is unique with this project? Carbonfields promotes a very local European model. The feedstock inputs come from local farmers, and the biochar will be used in the immediate vicinity. Additionally, Carbonfields is supported by an EU research programme, Fenix, which aims to define the best use of biochar to maximize its positive impact on agricultural fields.