OTTAWA, Ontario--(BUSINESS WIRE)--Invert Inc. ("Invert" or “the Company"), a specialized carbon reduction and offsetting company focused on making carbon credits accessible to individuals, is proud to congratulate Matt Delaney, the Company’s Head of Carbon Forestry, for his contributions to developing the recently published Verra Biochar Methodology. The methodology, published by Verra’s Verified Carbon Standard Program, paves the way for new nature-based approaches to carbon removal, specifically biochar utilization in soil and other applications.
Biochar is a solid and stabilized carbon material formed by the thermochemical processing of biomass in an oxygen limited environment. When used as a soil amendment, biochar can help retain nutrients and water. The carbon in biochar is resistant to decomposition and can persist in soils for hundreds of years. Biochar was among the IPCC’s short-list of Negative Emission Technologies (NETs) that could provide a significant sequestration impact, with the potential to mitigate over a billion tonnes of CO2 per year by 2050.
The Biochar Methodology was developed by a consortium of experts from the biochar and carbon removal industry, including Invert’s internal subject matter expert and Head of Carbon Forestry, Matt Delaney. Matt collaborated with a team of experts to develop the methodology including FORLIANCE, South Pole and Biochar Works. The new methodology outlines how net emissions removals are calculated from biochar production and application. The methodology is comprehensive in that the carbon accounting boundary extends from sourcing the waste biomass, making biochar, to its final use (in soil or approved non-soil applications).
“Matt is an incredible asset to the Invert team, with over 20 years of experience in forest carbon methodology development, his knowledge and experience are invaluable not only to Invert, but to the global fight against climate change,” said Andre Fernandez, Co-CEO, Invert Inc. “We applaud his thought leadership in co-developing the recent biochar methodology and look forward to many more success stories as we continue to advance our carbon reduction investments and software platform.”
Matt has been part of the successful implementation of carbon projects on over two million acres of land, and is the co-author of an Improved Forest Management (“IFM”) methodology under the American Carbon Registry.
In addition to developing new carbon methodologies, as part of his role as Head of Carbon Forestry at Invert, Matt evaluates and completes due diligence on forest carbon project opportunities including IFM, REDD+, and reforestation projects globally. He also identifies new opportunities in the carbon offset and removal sector.
Verra will hold two webinars to launch the biochar methodology on Sep. 9 and 20.
About Invert
Invert operates at the core of the carbon reduction ecosystem, from financing the removal of carbon from our atmosphere via high-quality carbon offset projects to empowering businesses and individuals on their emissions reduction journeys.
Invert invests in carbon credit projects that produce high-quality, meaningful carbon reduction and removal credits that will help save our world. By selling these credits to individuals or businesses, the Company generates revenue that can be reinvested towards further projects that reduce or remove CO2 from the atmosphere. Invert also works directly with businesses to help them understand and reduce their carbon footprint.
Invert is also creating a place where individuals can go to learn about what they can do themselves to address the pressing issue of climate change. The Company helps individuals understand their own impact on the world and gives them a chance to support projects that reduce greenhouse gas emissions. The goal is for every individual to be carbon neutral, and Invert will help get people there in an engaging manner with rich content and community. Please visit our website for more information: https://join.invert.world/
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, the intentions of the Corporation to complete the Offering, the planned use of the proceeds of the Offering and future development and financial prospects of the Corporation. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Invert to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: volatility in prices of carbon credits and demand for carbon credit; expectations regarding carbon market trends, overall carbon market growth rates and prices for carbon credits; inability to raise the money necessary to execute its business plan and strategies; the Corporation's business plans and strategies, including acquiring carbon credits, streams and interests in carbon credit projects or entities involved in carbon credits or related businesses; the political, social and economic conditions in each jurisdiction in which the Corporation holds an investment; terrorism, insurrection or war; or delays in obtaining governmental approvals. Although Invert has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
