#160 Climate Philanthropy, Reducing Carbon Removal Cost, Anti-GHG, & More w/ Adam Fraser (Terraset)
Feb 29, 2024
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Topics include challenges in philanthropic investment in climate, importance of carbon removal, transitioning from journalism to philanthropy, efficiency and scalability of philanthropic capital, donor profiles and funding sources, genesis of Terraset and the 'anti-GHG' approach, and optimism and urgency for the future.
Philanthropic support for climate initiatives is disproportionately low, with less than 2% of donations allocated to carbon removal efforts.
Teraset's approach empowers individuals to take personal responsibility in funding carbon removal, driving revenue into the sector and supporting innovative companies.
Deep dives
Addressing Climate Funding Disparities
Less than 2% of philanthropic donations focus on climate initiatives, with a fraction allocated to carbon removal efforts. Despite the critical importance of climate action, philanthropic support remains disproportionately low. Adam Frager's organization, Teraset, tackles this issue by catalyzing permanent carbon removal using philanthropic capital, highlighting the urgent need for increased funding in this vital area.
Challenges in Philanthropic Climate Funding
Many philanthropists perceive climate change as a responsibility for others to address, leading to limited philanthropic investment in climate-related causes. The misconception that governments or clean energy solutions will suffice hinders individual commitment to funding climate initiatives. Teraset aims to empower individuals to take personal responsibility by providing a platform to contribute to carbon removal efforts, fostering a sense of agency in combating climate change.
Innovative Approaches to Climate Philanthropy
Teraset's model of purchasing carbon removal from innovative companies reflects a unique and scalable approach in the climate philanthropy landscape. By supporting companies engaged in carbon removal efforts, Teraset drives revenue into the sector, facilitating the growth and sustainability of these crucial initiatives. This innovative strategy emphasizes the tangible impact of removing greenhouse gases while catalyzing additional financial support for participating organizations.
The Significance of Carbon Removal Technologies
Teraset highlights the significance of carbon removal technologies like direct air capture and enhanced rock weathering. These approaches not only focus on removing greenhouse gases but also offer co-benefits such as job creation, water production, and soil enhancement. By embracing diverse carbon removal methods and promoting co-benefits, Teraset underscores the multifaceted solutions essential for sustainable climate action.
In this episode, Somil chats with Adam Fraser, CEO at Terraset, the “anti-GHG” 501c3. Philanthropy in climate is a hot topic – leading up to this episode we were getting questions left and right about the future of this space. And it’s because there’s seemingly so much money that could be in the space but isn’t yet.
That is the problem Adam and Terraset are trying to solve. It couldn’t have been a more timely show.
Enjoy the episode! 🌱🌎
--- 🌎 Want the full PodLetter? Go to our substack to see the written content that supplements the audio interview. ---
----- Topics: **04:48 The State of Philanthropic Capital and Climate **06:52 Challenges in Philanthropic Investment in Climate **11:05 Being Anti-GHG and the Importance of Carbon Removal **13:45 Different Carbon Removal Technologies **16:32 Transition from Journalism to Philanthropy **22:45 Efficiency and Scalability of Philanthropic Capital **34:08 The CDR Landscape and Evaluation **40:41 Donor Profiles and Funding Sources **47:03 Genesis of Terraset and the "anti-GHG" Approach **50:00 Optimism and Urgency for the Future
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