Carbon sink refers to the process of absorbing carbon dioxide (CO2) from the atmosphere and converting it into biomass fuels or products through the use of biomass energy.
Description
Production process
Project Assessment and Verification
Trading Process
Partner
Tendency
Description
Negative carbon sink concept
Carbon sink refers to the process of absorbing carbon dioxide (CO2) from the atmosphere and converting it into biomass fuels or products through the use of biomass energy.
Advantages of negative carbon sinks:
Reduce greenhouse gas emissions:
By increasing carbon sink capacity, more CO2 can be absorbed and stored, thereby reducing the concentration of greenhouse gases in the atmosphere and mitigating global warming.
Protect biodiversity:
Many carbon sink ecosystems, such as forests and wetlands, are habitats and food sources for many species. Protecting and restoring carbon sink ecosystems helps preserve biodiversity.
Provision of ecosystem services:
Carbon sink ecosystems also provide many ecosystem services, such as water conservation, climate regulation and soil conservation. Protecting and increasing carbon sink ecosystems can enhance the provision of these ecosystem services.
Technical core
Carbon dioxide is absorbed and stored through the production and utilization of biomass energy. Biomass energy refers to the energy produced from plant fiber and organic waste as raw materials, including wood, straw, wheatgrass, food waste, etc. Through the production and utilization process of biomass energy, plants absorb a large amount of carbon dioxide through photosynthesis and fix the carbon in the biomass.
Widely used
Among them, the main application area is the utilization of biomass energy, converting biomass into solid fuels such as charcoal, biomass particles, such as biodiesel, bioethanol, etc., which can replace traditional fossil fuels.
Biomass can also be used as a raw material to produce various products, such as paper, fiberboard, bioplastics, etc. In this process, carbon dioxide can be fixed in these products and stored for a long time.
Production process
Biological carbon sink production process
Note: LCA will record biomass life cycle data and synchronize carbon sink accounts
A
The biomass collection radius shall not exceed 200KM
B
The biomass carbonization process uses the exclusive cracking technology of the EU
C
The biochar terminal can only be used as an additive
Project Assessment and Verification
Carbon Sink Project Evaluation and Validation
Define Project Scope and Objectives
Define the geographical scope and time frame of the carbon sequestration project, as well as the specific objectives of the project, such as CO2 absorption and emission reduction through forest vegetation restoration.
Data Collection and Analysis
Collect data related to the project, such as land utilization value by type, land area, etc. These data are used for analysis and simulation to understand the carbon sink potential of the project and to predict the amount of CO₂ absorption
Design Basis Scenario
Establish a baseline scenario, that is, CO₂ emissions without the implementation of carbon sequestration projects. Baseline scenarios are typically based on available historical data or model simulations.
Design Project Scenario
Designing carbon sink projects has an impact on baseline conditions. This includes determining the area and time frame for project implementation, as well as specific management and protection measures for the project
Calculated Project Emission Reduction
Calculate the emission reduction of the project by comparing the baseline and project guidance. Emission reduction is usually measured by the amount of CO2 absorbed
Conduct Carbon Sink Verification
Validation of carbon sink projects using a second party professional body Verification includes verifying the accuracy of the project data, the correctness of the calculation method and the implementation of the project in accordance with the relevant standards and guidelines
Preparation of Carbon Sink Reports
Carbon sink reports are prepared based on the results of assessment and validation. The report includes the basic information of the project, the calculation results of the emission reduction, and the opinions and conclusions of the certification agency
Obtain Certification and Registration
If the carbon sink project meets the relevant certification standards and guidelines, it can apply for carbon sink certification. The certification body reviews the project and issues the corresponding certification certificate.
Monitoring and Reporting
Regular monitoring and reporting of carbon sequestration projects already implemented to ensure the ongoing effectiveness of the projects and to provide relevant information to relevant agencies and stakeholders.
Trading Process
Carbon trading process
01
Buyer Demand and Search
Carbon sink project Buyers will determine to purchase carbon sink certificates to meet their carbon offset or reduction goals, and they will search for suitable carbon sink projects.
02
Determine the Market and Trading Platform
Buyers and sellers choose a suitable carbon market or trading platform to buy and sell. These markets and platforms may be international (such as the EU Emissions Trading System) or domestic (such as the Chinese Emissions Trading Market).
03
Choose the Carbon Sink Project
Buyers select from available carbon sink projects and evaluate the project's credibility and sustainability. Buyers usually focus on the carbon emission reduction potential of the project, the verification and certification status of the project, etc.
04
Negotiate and Reach Agreements
The buyer and seller begin negotiations and reach an agreement. The agreement may include terms such as purchase quantity, price, delivery time, etc.
05
Signing of Contract
After both parties reach an agreement, they sign a legally binding contract. The contract should cover the rights and obligations of both parties and ensure the safety and legality of the transaction.
06
Delivery and Payment
After the seller completes the carbon emission reduction or carbon sequestration project, it will deliver the corresponding carbon voucher or certificate to the buyer. The buyer makes the payment, typically using currency or carbon allowances as the medium of exchange.
07
Monitoring and Reporting
Conduct regular monitoring and reporting on implemented carbon sequestration projects to ensure the continued effectiveness of the projects and provide relevant information to relevant agencies and stakeholders.
Partner
Haiqi International partner
Haiqi Carbon sink partner
Tendency
Carbon sink development trend
With regard to the trend of carbon sequestration, with the increasing global concern about climate change, carbon sequestration has become an important emission reduction measure.
Carbon sink mainly refers to the purpose of slowing the rise of greenhouse gas concentration in the atmosphere and global climate change by increasing the carbon storage in the earth system such as land or ocean.
Policy support
Governments will make greater efforts to promote the implementation and development of carbon sink projects, such as encouraging enterprises and individuals to participate in carbon sink projects through economic incentive policies, tax policies and other means.
International cooperation
Carbon sink has global influence and benefits, and international cooperation will be closer in the future, and countries will work together to promote the implementation of carbon sink projects Global carbon market
Technological innovation
In the future, we will continue to innovate carbon sequestration technology, improve the efficiency and operability of carbon sequestration, and develop more carbon sequestration technologies for different geographic regions and ecosystems.
Integrated management
In the future, carbon sink projects will pay more attention to integrated management, fully consider the coordinated development of carbon sink and biodiversity protection, soil protection, water resources management, etc., to achieve a win-win situation between carbon sink and ecological environment protection.
Haiqi biomass by-product application
Provide sustainable energy
