Investment in Biochar Projects
In a move to bolster its environmental initiatives, Google has signed an agreement to purchase 100,000 tons of carbon removal credits from Indian startup Varaha by 2030. This deal represents one of the largest purchases of biochar-based carbon removal credits to date. Biochar, produced from agricultural waste, serves as a long-term carbon storage solution and enhances soil health, making it a promising tool in combating climate change.
Potential for Expansion
Varaha’s CEO, Madhur Jain, highlighted the potential for rapid growth in this sector, noting that waste from India’s farms could produce enough biochar to store over 100 million tons of carbon dioxide annually. Google’s investment not only supports its sustainability goals but also promotes the development of innovative carbon removal technologies in emerging markets.