Voluntary carbon market attracts $3 billion to industrial biomass sector

The growth of the Voluntary Carbon Market (VCM) is driving increased industrial interest in carbon capture and storage technologies in the biomass sector. The pulp and paper industry, with its significant biogenic CO₂ emissions, is emerging as one of the most suitable sectors for the adoption of these technologies, according to several industry stakeholders. Currently, biogenic emissions primarily result from the combustion of organic materials such as wood and paper derivatives, presenting an ideal concentrated source for capture. Approximately 177 million metric tons of CO₂ per year are emitted by the 277 pulp mills operating across Europe and North America.