TED Talks Daily The billion-dollar pollution solution humanity needs right now | Stacy Kauk
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Dec 12, 2022 Join Stacy Kauk, a trailblazing sustainability innovator who launched a billion-dollar fund for carbon removal solutions. She draws fascinating parallels between vaccine development and tackling climate change. Kauk discusses the vital role of Advanced Market Commitments in fostering a thriving carbon removal market. Discover how companies like Climeworks and Running Tide are leading innovative carbon capture initiatives. The conversation highlights the necessity for a strong supply chain and practical strategies to build a sustainable future.
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Shopify's Carbon Removal Journey
- Shopify aimed for carbon neutrality by removing their historical emissions, not just offsetting current ones.
- They realized traditional carbon offsets were insufficient and carbon removal solutions were scarce and expensive.
Scale and Cost of Carbon Removal
- Removing atmospheric carbon dioxide requires significant financial investment and collaboration.
- Large-scale facilities costing around $1 billion each are needed to achieve meaningful impact.
AMCs for Carbon Removal
- Advanced Market Commitments (AMCs), proven effective for vaccine development, are now used to incentivize carbon removal.
- AMCs guarantee future markets by setting predetermined prices, encouraging investment and scaling.