Carbon Removal Newsroom

New CDR Funding Streams Emerge

Oct 28, 2022

36:10

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Highlights

AI Chapters

Episode notes

Is There a Tax Advantage Donation for Carbon Removal?

01:39

Carbon Removal

02:59

Philanthropy

04:02

Introduction

3min

Is There a Tax Advantage Donation for Carbon Removal?

2min

Is There a Need for a Nonprofit Mechanism?

5min

Carbon Removal

3min

How Can a Nonprofit Ensure That Their Donations Are Being Used Effectively?

3min

Philanthropy

4min

Climate Change - What Would You Prioritize?

2min

Is This a First Fund in Ocean Based Technology?

4min

Ocean CDR Methods - Is There a Multiplying Effect?

2min

10.

Is a Billion Dollar Ocean CDR Company Really Coming to Fruition?

3min

11.

Propeller VC Partners

3min

12.

Carbon Removal Newsroom Business Edition

2min

Just a few years ago, DAC technology existed exclusively on a lab bench. This year the industry raised over $1 billion in VC funding, with over 50 funded startups in existence.

While there are still technological hurdles to overcome to bring CDR to scale, funding also needs to be diversified and innovated, something we’ve discussed before on this show.

Tech money continues to pour into CDR. Just this week, two large new funding mechanisms for CDR companies have been announced.

Terraset is a new philanthropy that aims to fill CDR’s ‘funding gap.’ They aim to pool $1 billion by 2030 to fund startups directly. Early announced funders are Tim Ferriss and Segment co-founder Calvin French-Owen.

Propellor is a new VC fund that announced its first seed round of $100 million to invest in ocean-based climate tech.

We’ll discuss both announcements with our regular business panel, Susan Su and Na’im Merchant.

On This Episode

Susan Su

Na’im Merchant

Radhika Moolgavkar

Resources

$1 Billion in DAC VC Funding in 2022

Terraset

Propellor

Brian Halligan

Wood’s Hole Oceanographic Institute