Carbon market solutions provider Climate Impact Partners has launched a new carbon dioxide removal programme looking to enable companies to channel finance to innovative technologies. To meet global net zero goals, 10 billion tonnes of CO2 needs to be removed from the atmosphere every year by 2050. The programme will expedite the deployment of new and high-permanence hand-selected carbon removal solutions – including direct air capture from Octavia Carbon, ocean alkalinity enhancement, and enhanced rock-weathering from UNDO Carbon. Demand for removal technologies is continuing to see significant growth, with purchases increasing nearly eight-fold since 2022 and the number of companies supporting removal technologies doubling. Through the programme, organisations will provide early-stage support distributed across a range of carbon dioxide removal solutions, helping to overcome the high-cost barrier to entry in the sector and maximising innovation and risk mitigation. “These innovative technologies need to be piloted, proven, scaled and made more affordable – early-stage finance is critical to that,” said Rob Stevens, Director of Product Development at Climate Impact Partners. “We are putting our decades of carbon experience to the task of crowding more companies into the space to provide the stream of finance needed.”
