Carbon Landscape Review

Our call for proposals for durable carbon removal suppliers is now open!  Milkywire's ambition is to maximize the long-term potential of CDR and look for suppliers who: 💡 Develop and prove particularly promising new CDR methods, or ➕ Scale up an existing method in a way that is more sustainable, cost/resource-effective, or delivers higher co-benefits than current solutions, and/or 🌐 Contribute to CDR ecosystem-wide benefits, such as advancing scientific knowledge of a method. Since 2021, Milkywire has purchased from 27 different CDR suppliers across 9 methods for our Climate Transformation Fund, which is supported by leading corporate partners such as Klarna, Spotify, and Bolt. As announced earlier this week, Milkywire has also secured a $5M commitment CDR purchase commitment from Salesforce. The Climate Transformation Fund also supports nature restoration & protection, and emission reductions. Currently, the 2025 call for proposals is open for durable carbon removal only. Organizations interested in future calls under the other pillars are encouraged to register on our website. Link to the call: https://lnkd.in/gTrW4pPN Please share with CDR companies you think could be interested! 

🚀 Calling All CDR Innovators! The 2024 Climate Vault Carbon Dioxide Removal Innovation Award is here! 🌱 This is your chance to scale your groundbreaking CDR solution with expert guidance and support from Climate Vault. Recognized for Climate Vault Tech Chamber's standards for high-quality CDR solutions, this RFP program aims to identify and nurture technologies that deliver measurable, scalable, and verifiable benefits to combat climate change. Why Apply: 🔹 Access to expert support to scale your CDR solution. 🔹 Validation by a globally respected name in climate innovation. 🔹 Join a growing portfolio of high-quality CDR projects with real-world impact. 🔹 A chance to join Climate Vault's curated sales portfolio of high-quality CDR projects 🎉 Past winners Carbon Lockdown and Octavia Carbon, exemplify the innovative potential that this award fosters. Could your solution be next? 🔗 Find the link for details in the comments section below👇 #CarbonRemoval #Innovation #ClimateSolutions

🛢️ Is Carbon Capture and Storage (CCS) a climate savior or just a band-aid for the fossil fuel industry? Here’s an excellent article by Tim Baxter offering a deep dive into CCS through the lens of Chevron’s Gorgon project in Australia. This thought-provoking piece serves as a template to evaluate whether CCS is genuinely effective or merely a convenient tool for perpetuating fossil fuel reliance. The article critically examines the Gorgon CCS project, the world’s largest of its kind, exposing the significant challenges and failures that question its reliability as a long-term climate solution. Key Takeaways: 🔹 Unmet Targets: Chevron pledged to capture 80% of reservoir CO₂ but has consistently fallen short, achieving less than a third of this target. 🔹 Operational Delays: Critical CCS infrastructure was incomplete when production began, leading to millions of tonnes of CO₂ being vented into the atmosphere. 🔹 Ongoing Emissions: The Gorgon facility became Australia’s largest industrial emitter in 2023–24, with operational emissions of 4.6 million tonnes of CO₂e. 🔹 Structural Limitations: Even with optimal capture, CCS cannot address the environmental and social costs of continued fossil fuel extraction. The Gorgon project highlights the limits of CCS as a mitigation tool. Can we afford to treat CCS as a panacea while it enables continued oil and gas drilling? Shouldn't the focus shift to cutting fossil fuel production altogether? Read the full article to understand what went wrong with the project. Link shared in the comments below. 👇 #CarbonCapture #EnergyTransition #Decarbonization

📢 UPCOMING WEBINAR: "Current status of #biochar RD&D for #CDR applications" Tuesday 10 December 2024 07:00 EST / 13:00 CET / 21:00 JST Interested in hearing where we stand with #Research and #Development for #biochar for #carbondioxide #removal purposes? Join a webinar brought to you by the #BiCRS track of the Mission Innovation Carbon Dioxide Removal Mission and hear from experts from #Japan, #USA, #Australia, #Sweden, #Canada, #Norway and #UK. Register here 👉 https://lnkd.in/gJhb2nXD Thanks in advance to all our speakers and organisations supporting this event! Technova inc., U.S. Department of Energy (DOE), Japan Ministry of Economy, Trade and Industry, National Institute of Advanced Industrial Science and Technology (AIST), CSIRO, Swedish University of Agricultural Sciences (SLU), Natural Resources Canada (NRCan), TOWING Co., Ltd. CARBONOR S.A., SINTEF, Gassnova SF, Black Bull Biochar, City of Minneapolis, US Biochar Initiative Akiteru (Aki) Maruta Atul Sharma Warren Flentje Cecilia Sundberg Jawad Jeaidi Takuto Nagata Helene Mørne Kathrin Weber Alex Clarke Hamish Creber James Doten Jørild Svalestuen K Powe Stephanie Klak Faisal Al Qurooni Matt Antes Saviz Mortazavi Charlotte Powell Andrew Lenton Renee Birchall Julio Friedmann Fabien Ramos Rosalinde van der Vlies Erika Laajalahti Roger Aines

In my latest Forbes article, "Will Direct Air Capture Ever Cost Less Than $100 per Ton of CO₂?" I ask where the $100 benchmark comes from in the first place, and whether it's the right price. I dive into the history of the $100/tCO₂ mark, the current state of DAC costs, and make the case why other metrics like the social cost of carbon are a more relevant benchmark for assessing DAC’s true value. Check it out now! https://lnkd.in/gqk2zJ7H

Last week, MSCI Carbon Markets released a report on Investment Trends and Outcomes in the Global Carbon Credit Market. Part of the report examined capital flows in the global VCM, considering both publicly announced raises and commitments of capital, as well as capital expenditure at the project level. The key findings from the analysis include: 1️⃣ Since 2021, approximately $43 billion has been raised or committed for carbon credit activities. Most of this funding is directed toward carbon-removal projects, spanning both nature-based and engineered solutions. 2️⃣ By the end of Q3 2024, $14 billion had already been raised or committed, making 2024 on track to be a record-breaking year for carbon credit investments. 3️⃣ During the first three quarters of 2024, funding for engineered carbon removals nearly doubled compared to the entirety of 2023, rising from USD $2.6 billion to USD $4.7 billion. Investments in nature-based removals also saw growth, increasing by 22% over the same period. 👉 Read the full MSCI Carbon Markets report (link in the comments) #CarbonCredits #VCM #MSCI #NBS

📢🌾 Call for applications to reduce methane emissions from rice cultivation The Sustainable Rice Platform (SRP) is seeking Expressions of Interest from farmer-facing implementing partners for large-scale pilot carbon credit projects. Rice farming is one of the world’s largest methane emitters. In partnership with CarbonFarm and AgriCapture, this initiative aims to empower smallholder farmers through #CarbonFinance, driving the adoption of sustainable, low-emission practices and creating scalable business models to directly benefit farmers. These pilot projects will: ✅ Develop scalable solutions to reduce GHG emissions. ✅ Introduce innovative carbon finance systems. ✅ Utilize dMRV to ensure robust emissions tracking. 🔗 Who Should Apply? SRP members with expertise in working with rice farmers and the capacity to onboard at least 10,000 hectares by 2028. 👉 Apply now and be part of the movement toward sustainable, climate-resilient agriculture! Find out more details in the link shared in the comments below. #SustainableAgriculture #CarbonCredits #RiceFarming #Methane #SustainableRice #GHG

Insurance group AXA Switzerland is supporting two CDR projects as part of a revised strategy to address its operational GHG emissions: 🔹InPlanet, an ERW start-up which aims to remove 1,950 tonnes of CO2 (tCO2) and store it long-term by 2028.  🔹neustark, a Swiss-based company that capture CO2 from biogas plants and store it in demolition concrete aims to remove and store a further 1,800 tCO2 by 2030. Read the full article here: https://lnkd.in/gCUwUe4K #CDR #ERW #Concrete #CarbonRemoval

Biochar boosts crop yields by 56% in Indian Field Trials Biochar’s transformative impact on agriculture shines in MASH Makes’ four-season trials in central India’s Ambajogai region. The trials demonstrated a 56% increase in crop yields and a 19% rise in biomass, showcasing biochar as a valuable tool for sustainable farming. Highlights from the four-season trials: 🌱 Improved Crop Resilience: Biochar improves soil's ability to retain water and nutrients, helping crops withstand dry conditions. 🌱 Long-Term Soil Benefits: Unlike traditional fertilizers, biochar delivers consistent improvements in soil health across multiple seasons. 🌱 Climate Action Synergy: Biochar sequesters carbon in the soil, converting agricultural waste into a tool for long-term carbon removal. 🌱 Farmer-Centric Model: A "pay-as-you-go" system lowers financial risks and makes biochar accessible to smallholder farmers. These trials represent a promising step forward for sustainable agriculture, offering farmers a practical solution to improve yields while addressing climate challenges. #SustainableFarming #Biochar #CarbonRemoval #ClimateAction

✈️ Can purchasing carbon credits to offset your air travel truly mitigate its environmental impact? EaseMyTrip.com, one of India’s leading online travel platforms, has partnered with BNZ Green Technologies, a carbon credit marketplace, to enable travelers to calculate their flight emissions, purchase carbon credits directly through the platform, and receive verifiable certificates during the booking process. EaseMyTrip – which booked 11 million flight bookings last year – hopes this initiative will inspire millions to make eco-conscious travel choices. However, the effectiveness of such programs remains debated: ❗ Many carbon offset programs struggle to deliver lasting climate impact. ❗ Leading airlines like United Airlines, JetBlue, and easyJet are shifting focus to sustainable aviation fuels, emphasizing direct emission reductions over offset programs. ❗ Carbon offsets often fail to reflect the true social and environmental costs of carbon emissions. ✅ While carbon offsets can raise awareness, long-term solutions like sustainable fuels and more efficient aircraft are critical to reducing aviation’s carbon footprint. What’s your take? Are partnerships like this a positive step forward, or should the industry prioritize systemic changes instead? Read the full article about this partnership on Carbon Herald - https://lnkd.in/gBJZxh_6 #SustainableTravel #CarbonOffsets #ClimateAction #Aviation