Releaf Earth Issues Nigeria's First Industrial-Scale Carbon Removal Credits
Releaf Earth has successfully issued Nigeria's first industrial-scale carbon removal credits, generating 190 tonnes of CO₂e from its biochar production facility in Cross River State. The credits were purchased by companies like Salesforce via Milkywire, showcasing Nigeria's potential in the global carbon market. Releaf's approach utilizes stable biochar to ensure permanent carbon sequestration, adhering to the Rainbow Standard. This milestone aligns with Nigeria's economic diversification goals, targeting $3 billion in carbon market revenue by 2030.
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Releaf Earth has issued Nigeria's first industrial-scale carbon removal credits, totaling 190 tonnes of CO₂e from its biochar facility in Iwuru, Cross River State. Major companies, including Salesforce, have purchased these credits through Milkywire, highlighting Nigeria's capabilities in the carbon removal sector.
The credits are based on biochar, which offers a stable and permanent solution for carbon sequestration. Issued under the Rainbow Standard, these credits ensure high integrity and traceability. This initiative aligns with Nigeria's economic diversification strategy, aiming for $3 billion in carbon market revenue by 2030, and positions Africa as a key player in the global climate economy.
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