Carbon candy second quarter 2024

I have worked with 18 innovative startups hailing from 11 different countries on the Carbon Removal ClimAccelerator, led by Trinity College Dublin in partnership with EIT Climate-KIC and supported by Munich Re and ERGO. Future framing is essential when you are a start-up. Hence carbon candy. This is my selection of the last quarter.

The topics

The topics are seawater electrolysis, Microsoft, the ocean, direct air capture, carbon removal, branding, concrete, start-ups, invisible consultancy, the Climate Transformation Fund. Kenya, XPrice, phantom’ carbon credit, enzymes, seashells and Microsoft.

A new carbon removal plant will absorb carbon dioxide 99,000 times faster than Earth’s oceans

https://www.businessinsider.com/carbon-dioxide-removal-plant-equatic-commercial-scale-north-america-2024-6

Equatic’s technology uses something called seawater electrolysis.

Microsoft signs carbon removal deal with soil company

https://www.datacenterdynamics.com/en/news/microsoft-signs-carbon-removal-deal-with-soil-company/

Company funding soil improvement measures on farmland

Three Ways the Ocean Can Become a Carbon Removal Titan

https://www.idtechex.com/en/research-article/three-ways-the-ocean-can-become-a-carbon-removal-titan/31246

The three most promising removal methods are ocean alkalinity enhancement, direct ocean capture, and seaweed sinking 

Why Direct Air Capture Sucks (and not in a good way!)

https://www.linkedin.com/pulse/why-direct-air-capture-sucks-good-way-paul-martin/

Yes CCS works just fine, in terms of extending social license for fossil fuel use, and as a marketing tool for the fossil fuel industry, and in terms of regulatory capture etc. 

Everything you wanted to know about carbon removals but were afraid to ask

https://www.mckinsey.com/capabilities/sustainability/our-insights/everything-you-wanted-to-know-about-carbon-removals-but-were-afraid-to-ask

By 2050, carbon dioxide removal could be a $1.2 trillion industry

CO2 removal brands will emerge, predicts McKinsey

https://www.gasworld.com/story/co2-removal-brands-will-emerge-predicts-mckinsey/2137532.article/

The prospect of carbon dioxide (CO2) removal brands will emerge as markets become more regulated and decarbonisation accelerates, according to McKinsey.

A Rapidly Growing Carbon Capture Company Is Hiding C02 In Front Of You

https://www.forbes.com/sites/markledain/2024/04/22/a-rapidly-growing-carbon-capture-company-is-hiding-c02-in-front-of-you/

Demolished concrete is the world’s largest waste stream

3 carbon capture technologies you’ve probably never heard of

https://thenextweb.com/news/carbon-capture-technology-examples-earth-day

Startups are coming up with weird and wonderful ways to remove carbon from the air

‘Invisible’ consultants help companies write sustainability reports. Here’s why that’s a problem

https://theconversation.com/invisible-consultants-help-companies-write-sustainability-reports-heres-why-thats-a-problem-228092

Expanding carbon removal horizons – Milkywire selects thirteen new cutting-edge projects.

https://www.milkywire.com/articles/new-cdr-2024

After an extraordinarily competitive selection process, Milkywire has selected new carbon dioxide removal (CDR) suppliers for the Climate Transformation Fund.

Shell sold millions of ‘phantom’ carbon credits

https://www.nzherald.co.nz/business/shell-sold-millions-of-phantom-carbon-credits/QGZ3F5PDHVBQPOCH4D57T7QW6E/

Shell sold to Canada’s largest oil sands companies millions of carbon credits tied to CO2 removal that never took place, raising new doubts about a technology seen as crucial to mitigating greenhouse gas emissions.

Communities in Kenya fight carbon project that sold credits to Meta, Netflix

https://www.semafor.com/article/05/07/2024/kenya-fight-carbon-credits-meta-netflix

Members of Kenya’s Maasai pastoralist community are clashing with managers of a major carbon project, raising new concerns that international demand for carbon credits generated in Africa could have damaging consequences for local communities.

A $100 million carbon-removal competition enters its final stage

https://www.canarymedia.com/articles/carbon-removal/a-100-million-carbon-removal-co2-competition-enters-final-stage

The Elon Musk–backed Xprize competition announced 20 finalists to advance breakthrough solutions for CO2 removal using air, rocks, land, and oceans.

New Enzyme Trial Aims To Boost Natural Carbon Removal Process

https://www.forbes.com/sites/jamiehailstone/2024/05/14/new-enzyme-trial-aims-to-boost-natural-carbon-removal-process/

The international resource management company Veolia has teamed up with biotechnology startup FabricNano for the trial, where enzymes will be applied to basalt rock dust to make the process happen much faster

‘First-of-its-kind’ technology turns ocean pollutant into seashell dust: ‘[It’s] the most promising solution’

https://www.msn.com/en-us/money/other/first-of-its-kind-technology-turns-ocean-pollutant-into-seashell-dust-it-s-the-most-promising-solution/ar-AA1iior5

Some ocean creatures, such as mollusks, naturally pull CO2 from the water to make their shells. What would be one of the best ways for us to start trapping CO2? Well, what about the formation of seashells?

Inside Microsoft’s record-breaking carbon removal contract

https://www.greenbiz.com/article/inside-microsofts-record-breaking-carbon-removal-contract

The company signed a contract for 3.3 million metric tons of offsets over 10 years from a facility in Stockholm.

sensemaking cover

WHY REINVENT THE WHEEL AND WHY NOT LEARN FROM THE BEST BUSINESS THINKERS? AND WHY NOT USE THAT AS A PLATFORM TO MAKE BETTER BUSINESS DECISIONS? ALONE OR AS A TEAM.

Sense making; morality, humanity, leadership and slow flow. A book about the 14 books about the impact and implications of technology on business and humanity.

Ron Immink

I help companies by developing an inspiring and clear future perspective, which creates better business models, higher productivity, more profit and a higher valuation. Best-selling author, speaker, writer.

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