Running Tide Delivers 'First Ever' Open Ocean Carbon Removal Credits

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Running Tide Delivers 'First Ever' Open Ocean Carbon Removal Credits
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US-based climate start-up Running Tide has delivered the first ever carbon removal credits from an open ocean project, it said, with the credits pre-sold to e-commerce group Shopify .

LONDON, Aug 9 - US-based climate start-up Running Tide has delivered the first ever carbon removal credits from an open ocean project, it said, with the credits pre-sold to e-commerce group ShopifyScientists believe extracting carbon dioxide by using nature or technology will be essential to help to meet global goals set under the Paris climate agreement to curb climate change.

Under Running Tide's carbon removal process, waste wood - such as wood chips - which would otherwise have been burnt, was coated in limestone and placed in the ocean 190 miles south of Iceland. The limestone coating helps to combat ocean acidification, the company said. A total of 1,000 metric tons of waste wood was sunk throughout May, June and July resulting in a removal of 275 net metric tons of carbon dioxide, Running Tide founder Marty Odlin said in an interview.

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