The Global South Takes the Lead in Biochar Carbon Credits

In March 2024, the International Biochar Initiative (IBI) and the US Biochar Initiative (USBI) jointly published the 2023 Global Biochar Market Report, presenting comprehensive analyses of the global biochar industry’s status, growth, and challenges. The report is a fascinating read, and we applaud their efforts in putting together this invaluable resource for the industry.

According to the report based on a survey of biochar producers worldwide, North America leads in total production volume, followed by Europe, Asia, South America, Africa, and Oceania. The report states that global biochar production reached at least 352,304 metric tonnes in 2023, which equates to 650,000 metric tonnes of carbon dioxide removal (CDR), assuming an average of 1.9 metric tonnes of CO2 removed per metric ton of biochar.