"Winning an initial award as part of the DOE’s CDR purchase pilot program confirms that our DAC technology and project development—with a strong community engagement focus—are on the right track. We’re excited to drive our projects forward and, hopefully, begin supplying the U.S. government with durable, scalable, and sustainable carbon removal credits.” - Patricia Loria, MBA and MNR, VP of Business Development #directaircapture #cdr #carbonremoval #departmentofenergy
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📣 🇪🇺 Eion supports tech-openness in the CRCF 🇪🇺 📣 European negotiators are meeting for the next #Trilogue of the Carbon Removal Certification Framework (#CRCF), potentially the most important piece of carbon dioxide removal legislation in the world right now. Only an approach open to all CDR technologies will enable Europe to achieve its net zero target. At present, there are positions held by numerous negotiators that would de facto exclude a large amount of promising CDR approaches, including enhanced rock weathering. We need to make our voices heard. An astounding 350 companies—including ours—have signed a public letter calling for tech-openness in the CRCF, including the specific changes we need. The signatories span the entire CDR industry, from startups to large multinationals. Help us spread the word and make sure that negotiators are crystal clear on the position of the CDR industry. Action now can have an outsized impact! Read the full public letter here: https://lnkd.in/gTFn2zdA #CDR #netzero #carbonremoval #co2removal #enhancedrockweathering #ERW #climatetech
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social and environmental impact | startup development | climate resilience | ocean welfare | impact investing
🌿Rather than solely focusing on ROI and investment worth in economic and cost-effective terms, the report emphasizes the necessity of investing in TBR in #CDR, particularly examining the hard-to-abate industries. Although currently most efficient, NBR are expected to see increased cost primarily due to the high competition for land as constrained resource. 🔋Conversely, TBR solutions, besides being more durable, may yield significant economies of scale if near-term investments are made available. Despite the high risk associated with these technologies, the capital intensity of the market, and other uncertainties ranging from authorizations to tech validation, these factors should not diminish the potential for real and natural return on investment that these technologies aim to deliver ☀ #environmentalimpact #sustainability #sdgs #netzero #carbonneutral - https://lnkd.in/dCYitWS4
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🇩🇰 Introducing a New Category of Carbon Removal Contracts: Delivery Agreements! 🔎 At CDR.fyi, we're evolving to bring more transparency to carbon removal (CDR) contracts. We've just reclassified the significant Danish CDR deal, adding a new category: Delivery Agreements. 🆕 We've introduced a new data field for the "Type of Agreement" to differentiate the nature of CDR transactions. Going forward, all orders will fall into three types: 💸 Credit Sale: Traditional sale of carbon removal credits. 🚚 Delivery Agreement: Binding commitments to deliver carbon removal without immediate credit sales. The recent Danish deal with BioCirc, Bioman ApS, and Carbon Capture Scotland is a prime example. 🤝 LOI/MOU: Non-binding preliminary agreements. 💡 Our discussions with suppliers revealed the complexities of these agreements. This refined approach better represents market potential and supports different paths to achieving CDR goals. ✅ As a result, we have reclassified 1,122,450 tons of credit sales into delivery agreements, and our leaderboards will only display Credit Sales, providing a clearer market view on actual sales of credits. 🔗 To learn more, read our full article here: https://lnkd.in/gezZ6M8K
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Happy Friday - vibes up, carbon down! 💪🏻🎉 In light of our announcement of purchasing close to 1000 tonnes of Direct Air Capture (DAC) credits from our partners at Octavia Carbon - here's a new episode in our meet the methods series on DAC! DAC when paired with geological storage, presents a robust solution for durable CDR. DAC is one method often referenced in frameworks and certifications such as the EU’s #CRCF or US’s #IRAbill and #45Q tax incentive for regional DAC hubs. While scalable, no solution alone is a silver bullet. Follow along to hear Simon Bager, PhD, Co-founder and Chief Impact Officer, discuss the key considerations of DAC projects for a net zero future. As always. Do your best to reduce your emissions, remove the rest with carbon removal and have a great weekend when you get there. #video #durablecdr #dac #climatechange #cdrmethods #netzero
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In TCW's Sustainable Insights for January, the #SustainableInvestment team highlights key trends in sustainable investing for 2024, including tech innovations, the energy transition and decarbonization, the ever-expanding regulatory landscape and more. Read here: https://tcwgrp.com/k0muQZ
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In TCW's Sustainable Insights for January, the #SustainableInvestment team highlights key trends in sustainable investing for 2024, including tech innovations, the energy transition and decarbonization, the ever-expanding regulatory landscape and more. Read here: https://tcwgrp.com/k0muQZ
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In TCW's Sustainable Insights for January, the #SustainableInvestment team highlights key trends in sustainable investing for 2024, including tech innovations, the energy transition and decarbonization, the ever-expanding regulatory landscape and more. Read here: https://tcwgrp.com/k0muQZ
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In TCW's Sustainable Insights for January, the #SustainableInvestment team highlights key trends in sustainable investing for 2024, including tech innovations, the energy transition and decarbonization, the ever-expanding regulatory landscape and more. Read here: https://tcwgrp.com/k0muQZ
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In TCW's Sustainable Insights for January, the #SustainableInvestment team highlights key trends in sustainable investing for 2024, including tech innovations, the energy transition and decarbonization, the ever-expanding regulatory landscape and more. Read here: https://tcwgrp.com/k0muQZ
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In TCW's Sustainable Insights for January, the #SustainableInvestment team highlights key trends in sustainable investing for 2024, including tech innovations, the energy transition and decarbonization, the ever-expanding regulatory landscape and more. Read here: https://tcwgrp.com/k0muQZ
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Read the announcement: https://www.globenewswire.com/news-release/2024/05/29/2890072/0/en/CarbonCapture-wins-initial-award-as-part-of-DOE-s-Carbon-Dioxide-Removal-Purchase-Pilot-Prize-program.html