Citi’s $72 Million Carbon Removal Deal Bets on Biochar to Scale Climate Finance
Citi has closed a $72 million carbon removal-linked note to help expand a Texas project that turns farm waste into biochar. The deal links investor payments to the delivery of verified carbon removal credits, creating a new way to finance projects that take carbon dioxide out of the atmosphere. The 3.5-year, principal-protected note supports Applied […]
