View original ↗on standard.co.uk
deal · 17 October 2023
London Marathon Events ↔ CUR8
London Marathon Events: a firm purchase of 280 t of biochar removal from CUR8.
SupplierCUR8
Tonnes280 t
Capture pathwayBiochar
Storage mediumsoil
Commitment typefirm
Deal structureofftake
Source pathway descriptionVariety of methods to remove CO2 from the atmosphere, such as improving soils, growing forests and creating biochar. Also working with a company in the US that is set to begin operating a direct air capture plant from next year.
Delivery windowYear-on-year increase starting 2023
NotesInitial 280 tonnes with plan to increase year-on-year. Funding via climate levy of £26 on international participants. LME aiming for net zero by 2030 (moved forward from 2040). CUR8 also removing CO2 on behalf of The 1975 and other bands. Direct air capture option costs around £1,000 per tonne.
Durability defaultedtrue
Previous durabilitydurable-100y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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