his month’s news offers more evidence of the carbon removal industry moving forward with new incentives to buyers, more mainstream recognition, and new industry groups.
- Department of Energy Promoting Carbon Removal Quality Standards. It’s very big news that the Department of Energy is urging the private sector to purchase carbon removal through a new “Challenge.” Top suppliers and buyers will be connected through the challenge and promoted on a new leaderboard of carbon removal purchases. The hope is that the leaderboard will enhance market transparency, giving organizations interested in carbon removal credit purchases greater confidence to move forward. Find out more about the Voluntary Carbon Dioxide Removal Purchasing Challenge here.
- Direct Air Capture Expansion Map. When we launched Tomorrow’s Air in 2020, there were just three direct air capture providers to choose from. Have a look at this map of direct air capture deployments across the globe today!
- Climeworks Among the World’s 50 Most Innovative Companies of 2024. Our portfolio supplier Climeworks made Fast Company’s list of the World’s 50 Most Innovative Companies and opened a new office in the U.S. The company has also recently partnered with Puro.earth, a carbon removal standard and registry, to certify their direct air capture carbon removal under the Puro standard.
- Eion receives Department of Energy Support and Joins the New Enhanced Weathering Alliance. Our portfolio supplier Eion continues to advance best Measurement, Reporting, and Verification (MRV) practices for enhanced weathering. They’ve been selected as a recipient of the new DOE Voucher Program, which provides commercialization support for advancing clean energy technologies. Eion is now working with the National Energy Technology Laboratory, honing its life cycle analysis and techno-economic analysis. In addition to that, they’ve joined with others in enhanced weathering to launch the Enhanced Weathering Alliance (EWA). A first step is the release of a policy primer. Congratulations, Eion!
- “Know Your SAF” Report from Twelve. If you’re wondering about sustainable aviation fuel and hesitate to support it due to the many problems with fuel made from crops, have a look at this easy report from Twelve, which easily describes the different pathways for producing sustainable aviation fuel: the “corn way,” the “garbage way,” the “fats way,” and the “air way.” Twelve is a company that is producing a range of products from CO2- based elements instead of fossil fuels. I first wrote about Twelve’s “artificial photosynthesis,” back in July 2021, which delivers carbon suitable for creating common manufacturing chemicals without using crude oil, gas, or coal. Since then they’ve formed partnerships with airlines and are making sustainable aviation fuel using “the air way.” (Tomorrow’s Air partner Neste makes its sustainable aviation fuel “the fats way”.)
