Focus Friday: Carbon Renewal funding moonshot

The IPCC estimates that by 2050, an eye-watering 5–16 gigatonnes (Gt) of CO₂ will have to be sucked out of the air annually across the planet.
January 12, 2024
a black and white photo of a light switch

A roundup of stories related to carbon dioxide removal funding and the scale of the challenge ahead.

Hopefully you’ve already been doing your homework:

The first phase of the initiative includes the early submission of one-page proposals of greenhouse gas removal solutions with a deadline of February 1, 2024.

Founded in 2021 in the Cambridge tech ecosystem, Climate13 is dedicated to supporting climate tech companies and entrepreneurs that will help mitigate more than 400 million metric tons of CO2 equivalent (CO2e) per year by 2040. 

So far, the venture builder has already worked together with over 500 founders and brands across their programs…

One of our main takeaways was the realisation of just how much the industry has to scale for us to hit our goals. The 10Gt a year in 2050 that many say is required would make CDR a bigger industry in tonnage than any industry that exists on Earth. That’s from slightly over ten million tonnes today – and we want to create that in just 27 years.

Read more at Wikipedia:

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