Carbon candy first quarter 2024

Carbon candy first quarter 2024

I have worked with 18 innovative startups hailing from 11 different countries which were on the Carbon Removal ClimAccelerator, led by Trinity College Dublin in partnership with EIT Climate-KIC and supported by Munich Re and ERGO. We have our demo day on 19 April. If you are an investor, and interested in carbon capture, you can register here in advance.

Future framing

Future framing is essential when you are a start up. Hence carbon candy. This is my selection of the last quarter. If you have anything to add, please leave a comment.

The topics

The topics are carbon capture, incentivising emission reduction, hydrogen, soil, high integrity carbon, investing in forrests, $16 trillion, livestock emissions, geothermal, the sustainability of carbon removal, carbon cowboys, 10 mistakes startups make when talking about sustainability, carbon offset trust and why are companies buying so many carbon removal credits?

The World’s Next Big Carbon Capture Challenge? Figuring Out How to Use It

https://www.bnnbloomberg.ca/the-world-s-next-big-carbon-capture-challenge-figuring-out-how-to-use-it-1.2017791

Companies such as Chevron Corp. are building technology to capture carbon dioxide from smokestacks while others such as Microsoft Corp. are investing in startups working to yank the greenhouse gas out of the air directly.

The Price Of Durable Carbon Removal Is The Price Of Carbon

https://cleantechnica.com/2024/01/08/the-price-of-durable-carbon-removal-is-the-price-of-carbon/

At present, we lack a carbon market that effectively incentivizes emissions reductions at the scale needed to limit global warming to below 1.5 degrees Celsius. Tethering the carbon price to the cost of carbon dioxide removal provides a pathway to effectively determine the value of carbon emission reductions.

Startup Revolutionizes Carbon Removal Combining Hydrogen Production and Direct Air Capture

https://carboncredits.com/startup-revolutionizes-carbon-removal-combining-hydrogen-production-and-direct-air-capture/

Parallel Carbon claims its pioneering technology addresses both challenges by capturing CO2 directly from the air while generating low-cost green hydrogen.

Why Humans Are Putting a Bunch of ‘Coal’ and ‘Oil’ Back in the Ground

https://www.wired.com/story/why-humans-are-putting-a-bunch-of-coal-and-oil-back-in-the-ground/ ?

Startups are processing plant waste into concentrated carbon to be buried or injected underground. It’s like fossil fuels, but in reverse.

COP28's Oversight: The Missing Text on Soil”

https://www.dhirubhai.net/pulse/cop28s-oversight-missing-text-soil-antony-yousefian-ly1me ?

COP28 was a landmark event for climate action, but one key element was noticeably absent from the final agreement – soil.

Verified Carbon Removals Could Restore Trust In Carbon Credits

https://www.forbes.com/sites/juergeneckhardt/2024/01/25/verified-carbon-removals-could-restore-trust-in-carbon-credits/?sh=4d0002af7b92

The Bezos Earth Fund and The Rockefeller Foundation, the official announcement stated an aim of uniting governments and private stakeholders to deliver faster, deeper greenhouse gas reductions through ‘high integrity carbon credits.’

Instead of Carbon Offsets, We Need ‘Contributions’ to Forests

https://ssir.org/articles/entry/forest-contributions-carbon-offsets ?

Recent high-profile studies estimated that only six percent of tropical forest carbon credits represent real emission reductions

It’s time to talk about methane removal

https://cen.acs.org/environment/climate-change/its-time-talk-methane-removal/102/i4

The potent greenhouse gas cannot be captured like carbon dioxide, so scientists are developing strategies to destroy it

Opinion: Aggressive removal of carbon from atmosphere requires us to go all in

https://www.pressherald.com/2024/02/05/opinion-aggressive-removal-of-carbon-from-atmosphere-requires-us-to-go-all-in/

By one estimate, an investment of up to $16 trillion in CO2?removal will be needed to achieve net zero by 2050.

Research Undermines Claims that Soil Carbon Can Offset Livestock Emissions

https://www.desmog.com/2024/02/01/climate-change-livestock-methane-carbon-sequestration-claims/ ?

A recent study has found it is currently “not feasible” for the global livestock industry to sequester enough carbon to cancel out its planet-warming emissions — and that policy efforts geared toward that goal may be deeply misguided.

Reviving nature: a new era of tech-driven restoration

https://www.springwise.com/innovation/sustainability/reviving-degraded-land-through-technology/ ?

Arkadiah’s approach uses artificial intelligence (AI), LiDAR, satellite imagery, and ground truthing to provide transparent and verifiable data.

https://interestingengineering.com/innovation/geothermal-energy-carbon-capture

This new method to capture carbon is driven by geothermal energy

https://www.datacenterdynamics.com/en/news/eu-agrees-to-make-standards-to-certify-carbon-removal/

DACCUS uses?geothermal energy , a clean and endless source, to tackle several problems arising from increased CO2 levels. It combines two technologies: capturing CO2 directly from the air and using geothermal heat, allowing the system to produce clean, constant energy while reducing the harm caused by CO2 emissions.

Concerns over sustainability of carbon removal are growing. And this is the reason.

https://economictimes.indiatimes.com/prime/environment/concerns-over-sustainability-of-carbon-removal-are-growing-and-this-is-the-reason-/primearticleshow/108183218.cms ?

Nearly 800 companies around the world are exploring a wide variety of methods

Not All Forms of Carbon Removal Are Created Equal

https://daily.jstor.org/not-all-forms-of-carbon-removal-are-created-equal/

The carbon market and offsetting system have created “carbon cowboys” and perpetuated forms of neo-colonialism and other inequities.

10 mistakes startups make when talking about sustainability

https://sifted.eu/articles/10-mistakes-startups-make-when-talking-about-sustainability ?

Avoid carbon offsetting

A Resurrection Of Trust For Carbon Offsets Is Needed To Meet Net Zero

https://www.forbes.com/sites/simithambi/2024/03/30/a-resurrection-of-trust-for-carbon-offsets-is-needed-to-meet-net-zero/

Carbon offsets are under intense scrutiny, with recent reports from Amazon to Australia exposing some flaws, which may lead to doubts about their effectiveness and, therefore, distrust.

Why Are Companies Buying So Many Carbon Removal Credits?

https://www.forbes.com/sites/phildeluna/2024/04/09/why-are-companies-buying-so-many-carbon-removal-credits/

According to CDR.fyi , a public benefit corporation tracking the carbon removal market, close to 5 million tons of carbon removal credits were purchased in the last year.

Demo day 19 April

After a thorough mid-term evaluation, 8 startups were selected to advance to the second stage of the accelerator. The selection was based on various criteria, including the maturity of their solutions, product-market fit, and their potential climate impact. The upcoming Demo Day on 19 April event will feature presentations from these 8 disruptors to an exclusive audience of investors, marking the conclusion of the 2024 program.

Register for the event

If you are an investor, and interested in carbon capture, we warmly invite you to our Carbon Removal ClimAccelerator Demo Day, taking place on April 19th, 10.30-12.30 CET via Zoom. Please register here in advance.

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