A New Era of Carbon Removal Funding w/ Noya's Josh Santos

It’s been a big month in carbon removal funding news.   

Climeworks announced $650 million in new fundraising from an extensive group of private equity and investment management firms.   

Then, Stripe made public a nearly $1 billion plan to take their CDR purchasing program to a new level by partnering with Alphabet, Meta, McKinsey, Shopify, and more to pool their carbon credit dollars and buy removals from companies and facilities that don’t even exist yet. This plan was inspired by programs that have developed vaccines with Advanced Market Commitments.   

Rounding out the month’s big funding news was an announcement from climate-focused VC firm Lowercarbon Capital that they’ve raised $350 million to invest in carbon removal companies.   

Add that to the 15 $1 million milestone grants given in the first round of the carbon Xprize and the extensive public conversation around carbon removal that’s taken place since early April’s IPCC mitigation report. There’s a lot of news to talk about in the world of carbon removal.   

Joining Susan and Radhika to talk about all this is Josh Santos, CEO, and Co-Founder of Noya. Josh also gives some updates about Noya's recent progress.  

Resources: A Revamped Cost Curve for Reaching Net Zero Emissions- EDF https://www.edf.org/revamped-cost-curve-reaching-net-zero-emissions