Carbon Removal Newsroom-logo

Carbon Removal Newsroom

News & Politics Podcasts

A panel show by Nori where guests discuss current events from the world of carbon removal. Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Location:

United States

Description:

A panel show by Nori where guests discuss current events from the world of carbon removal. Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Twitter:

@nori

Language:

English


Episodes

Is Large-Scale CDR Sustainable?

2/13/2024
Is Large-Scale CDR Sustainable? Two recent journal publications point to potential risks associated with large-scale carbon dioxide removal (CDR). Is 10 gigatons annually a realistic and sustainable target? Should we aim for 1 gigaton, or could 28 be feasible? What land use and energy limitations are inherent in large-scale CDR, and what policy measures could ensure a just and scientifically rigorous implementation of this emerging technology? In this episode, our Policy Panel discusses both the potential pitfalls and the potential necessity of large-scale carbon removal, as humanity continues to emit over 40 gigatons of CO2 annually (and counting). A must-listen for those who question the viability of CDR as well as those who believe in the "gigatons or bust" approach. On This Episode Wil Burns Holly Jean Buck Radhika Moolgavkar Resources Science paperEnvironmental Science & Technology paperHolly's book Ending Fossil Fuels Connect with Nori Nori Nori’s X account Nori’s other podcast Reversing Climate Change Nori’s CDR meme X account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:34:16

Photochemical Carbon Removal w/Banyu Carbon

2/6/2024
What is Photochemical Carbon Removal? In this episode of Carbon Removal Newsroom we learn how two professors from the University of Washington went from studying coral on the late Marlon Brando’s private island, to developing an energy efficient process that removes carbon dioxide from the ocean. Join co-founders Dr. Alex Gagnon and Dr. Julian Sachs of Banyu Carbon, as they dissect their groundbreaking photochemical process. Learn how carbon dioxide is the most abundant dissolved gas in water, making it a more concentrated source than ambient air. Discover the scalability of photochemical CDR, and why Banyu’s been gaining so much momentum lately. Could Banyu’s process end up being energy negative? In other words, will it produce more energy than is actually required to remove the carbon? Listen now. *A special Thank You from our guests to the Seeley Family: “Thank you to David Seeley and his father who brought Tetiaroa to our attention in 2014 and encouraged us to take advantage of the pristine coral ecosystem there for our research. The Seeley family generously supported our research and that of several others ever since. A kind, fun, and remarkable family we are grateful to have worked with.” On This Episode Alex Gagnon Julian Sachs Radhika Moolgavkar Resources Banyu Carbon DOE Voucher Program University of Washington marine research on Tetiaroa Activate FellowshipOcean Visions Launchpad Tetiaroa Society The Brando resort Connect with Nori Nori Nori’s X account Nori’s other podcast Reversing Climate Change Nori’s CDR meme X account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:35:20

Can CDR weather the climate tech downturn

1/24/2024
How’s the CDR economic outlook for 2024? Sightline Climate recently reported that investment for the entire climate tech industry dropped 30% in 2023. Similarly, Pitchdeck released a report specifically outlining carbon removal's recent dip in VC funding. However, Captura just announced a $21.5 million Series A raise. So is CDR immune to the climate tech investing downturn? In this episode of Carbon Removal Newsroom, we talk about market responses to uncertainty, the role of large offtake agreements as funding mechanisms, and what stage governments are currently at in their carbon removal journeys. Tune in to hear about the latest CDR Market Outlook Survey, Kenya’s proposed 15-25% carbon credit export tax, and if what we really need are some experienced solar folks to jump into the CDR waters. On This Episode Susan Su Na’im Merchant Radhika Moolgavkar Resources CDR Market Outlook SurveyCTVC market reportPitchdeck reportKenya’s proposed taxCarbon Removal Canada Connect with Nori Nori Nori’s X account Nori’s other podcast Reversing Climate Change Nori’s CDR meme X account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:38:48

New CDR Policy and Resources in 2024

1/16/2024
What's new in carbon removal? Join us for the 2024 Carbon Removal Newsroom kickoff! Will 2024 see the emergence of universal carbon market standards? December saw a coalition formed by leading regulatory bodies. We unpack the implications of California Bill 1305. How does this legislation mandate transparency in voluntary carbon offset marketing? What could this mean for combating greenwashing and ensuring data reliability? The EPA resources for marine carbon dioxide removal (mCDR) and marine solar radiation management (mSRM) are now online. How do these resources address environmental risks, and what regulatory responsibilities are outlined for safe implementation?How might common principles for high-quality carbon credits reshape industry practices, and what's the significance of transparency and public participation in this process? Join us as our policy panel takes a look at what’s cooking for CDR in 2024. On This Episode Wil Burns Holly Jean Buck Radhika Moolgavkar Resources Article 6.4 Mechanism Crediting Program joint statement California Bill 1305 EPA MPRSA The London Convention mCDR and mSRM online resources Connect with Nori Nori Nori’s X account Nori’s other podcast Reversing Climate Change Nori’s CDR meme X account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:33:07

Carbon Removal at COP28 + 2023's CDR Wrapped

12/19/2023
The world’s annual climate summit, COP28, has wrapped up in Dubai. As usual, the massive gathering will end without an all-encompassing deal to fix the climate, but with many new side deals, pledges, and announcements that are very relevant to our climate future. Boosters and critics alike will all find lots of fodder from the past few weeks, and for better or worse carbon removal played a role in the deliberations. On this episode, our policy panel reflects on the role CDR played at COP, and catch up on some other major industry news as we wrap up 2023 including- -The COP deal to “transition from fossil fuels” -Why the Article 6.4 rules on offsets were postponed -Which countries committed to going “carbon-negative” at COP28 -Record climate capital deployed all over the world -“Carbon Removals at COP” coalition -Frontier’s record CDR purchase from Lithos -The Road to Removals report -& the panels highlights of 2023 and what they hope to see in CDR in 2024 On This Episode Holly Jean Buck Wil Burns Radhika Moolgavkar Resources ‘Unabated’ fossil fuel debate Holly’s book “Ending Fossil Fuels” COP’s fossil fuel pledge Record capital deployed Carbon Removals at COP Frontier’s purchase from Lithos Road to Removal report RMI’s new CDR innovation report AGU Conference Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:33:31

Progress on Woody Biomass Burial

12/12/2023
Biomass burial is a CDR methodology that we haven’t yet dug into on our show. Compared to some CDR techniques, biomass burial is a surprisingly simple approach. It involves burying wood trimmings underground to prevent decomposition and thus, the release of carbon back into the atmosphere. Our guests today are Ning Zeng, a professor at the University of Maryland and founder of Carbon Lockdown, and Daniel Sanchez, chief scientist for biomass carbon removal and storage at Carbon Direct. They are both developing this methodology which attempts to take advantage of nature's ability to capture CO2 in trees. By creating wood vaults in a underground oxygen-free environment - they aim to preserve carbon for potentially thousands of years. This method has begun to garner attention from investors, offset marketplaces like Puro, and the media. On this episode we'll explore the science behind biomass burial, its potential impact on reducing atmospheric CO2, and how it fits into the larger CDR portfolio. On This Episode Ning Zeng Daniel Sanchez Radhika Moolgavkar Resources Carbon Lockdown Ning’s academic work on Wood Vault approach Puro listing for Carbon Lockdown Potomac project Greenbiz article about woody biomass burial Implementation Guidance Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:34:46

What Changed for CDR in 2023- and What Didn't

12/5/2023
2023 is coming to a close, and a lot has happened in the world of CDR this year. We’re going to take a look at the year in carbon removal to find out what’s changed in the last year- and what hasn’t. Investment in CDR remains strong, with many big deals making headlines- but what hasn’t changed? Deployments remain small and few in number. The traditional offset market has faced scrutiny like never before, and seen a dip in investment. What’s still the same? Corporate buyers are still seeking out the lowest quality products. Broadly climate progress is being made, but a new emissions gap report highlights how much more work there is and how much CDR has to grow to contribute. So join us as our business panel takes a look at what’s new in CDR, and what’s the same as it ever was. On This Episode Susan Su Na’im Merchant Radhika Moolgavkar Resources Oxy-Climeworks Deal New Frontier DAC Purchase Heirloom Announces First US DAC Plant Carbon Market Chaos Bloomberg Report on Offsets UN Emissions Gap Report Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:40:54

Is There a Role for Mandates to Drive CDR?

11/21/2023
This week, we’re bringing you a panel discussion from the Institute for Carbon Removal Law and Policy’s annual CDR conference. Our policy panelist, Wil Burns, hosted the conference and led this panel discussion on the role of mandates in growing CDR in the US. The US government has stepped forward into the role of subsidizing and encouraging CDR in recent years, offering a ‘carrot’ to promote the new industry, in the form of large grants and tax incentives. But what could the government do to present a ‘stick’- requiring CDR using existing regulations? That’s the topic of this policy panel featuring Dan Galpern, the Executive Director of the Climate Protection and Restoration Initiative, and Stephanie Arcusa, a researcher at the Arizona State University Center for Negative Carbon Emissions. Dan spoke about using the Toxic Substances Control Act to regulate carbon emissions, including the possibility of mandating carbon dioxide removal as a condition for allowing ongoing emissions. He argues that the TSCA provides clear authority for such regulation, citing past precedents and legal interpretations. Stephanie discusses the concept of a Carbon Take Back Obligation, which would require fossil fuel producers to sequester a ton of carbon for every ton they extract. This policy aims to gradually transition to net-zero emissions by creating a demand for carbon removal and applying the policy upstream in the fossil fuel supply chain. Both approaches aim to address the challenges of scaling up carbon removal and mitigating climate change, but they also raise questions about political feasibility, environmental justice, and the impact on consumers, particularly those in lower-income households. We hope you enjoy this high-level look at the policy levers that may one day lead to the scaling up of CDR. On This Episode Wil Burns Dan Galpern Stephanie Arcusa Resources Institute for Carbon Removal Law and Policy UN Production Gap Report Toxic Substances Control Act EU Industrial Net-Zero Act CA’s CDR Market Development Act CBTO in the news Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:45:59

Carbon Removal India Alliance

11/7/2023
In recent months, we’ve covered CDR developments in the EU, followed CDR’s role in international climate agreements, and interviewed startups working to bring DAC to Kenya. There’s so much happening with CDR around the globe that it’s a challenge to cover all the news of carbon removal’s rise. That’s why on this episode we’re fortunate to have Tom Mills and Shantanu Agarwal join us today to share their work scaling up CDR in India with a new consortium called Carbon Removal Alliance India (CRIA). Tom is a co-founder of the organization, and Shantanu is a founder of Mati, an enhanced rock weathering startup in India that is a member of CRIA. India has existing climate policies, immense amounts of working lands, a rising working-age population, and a wealth of business and science resources. Can these assets allow it to become a CDR powerhouse? Our guests today will tell us about their work, what they think of India’s CDR potential, and what needs to happen within India to unlock carbon removal there. On This Episode Tom Mills Shantanu Agarwal Radhika Moolgavkar Resources Our Episodes on the EU & Kenya Susteon & Sustaera- Shantanu’s previous companies Carbon Removal Alliance India Mati Carbon Removal Partners Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:37:36

CDR Industry Responds to Scrutiny

10/31/2023
As CDR’s notoriety increases, so too does the scrutiny upon it. Carbon removal companies are beginning to deploy in communities, and are facing local concerns about the effect their projects will have communities. As these companies work to communicate the benefits of their projects, a CDR trade group is announcing a new program to help companies responsibly deploy carbon removal. Scrutiny of CDR continues in the press as well. An article from Reuters tracked the growing effort to standardize and legitimize CDR as startups and marketplaces try to attract large corporate buyers, showing that the industry is now front and center on business pages worldwide. And the year’s biggest climate event is around the corner. A group of CDR organizations, including one led by today’s guest, are working to ensure the industry is ready as the global climate spotlight prepares to turn on them. The debates over CDR at COP28 will surely be contentious, and we’ll hear about a new effort to make the carbon removal community ready for when that happens. Locally, and globally, from communities to newsrooms to international bodies, CDR is under scrutiny like never before. In this episode, we’re discussing what the industry can do to respond and continue to grow. On this episode we’re joined today by Ben Rubin, the Carbon Business Council’s Executive Director, a trade organization representing over 100 CDR businesses. Welcome, Ben. We’re also joined by our regular policy panelist, Susan Su, a partner focused on climate investing at TOBA Capital. She also serves as a board member of the Carbon Business Council and a board advisor to the Environmental Voter Project. On This Episode Ben Rubin Susan Su Asa Kamer Resources Carbon Business Council CDR RDT Confidence Ebbs in Carbon Markets- article Study: 13% of Renewable Projects that Face Opposition are Completed Reuter’s ‘Wild West’ article “Three Big Letters in CDR are MRV” CDR.fyi NextGen CDR Facility Carbon Removals at COP Our Episode with Sebastian Manhart Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:38:20

New Science Says Biochar is Very Permanent

10/24/2023
In our guest’s corner of the geoscience field, inertinites are well-known to be stable forms of carbon. So Hamed Sanei was surprised to learn that there was significant debate over the stability of CO2 storage in biochar, which is an inertinite. In his view, the science of that question has been settled for a long time, and the answer is clear: biochar is durable carbon removal. Biochar represented 92% of permanent carbon removal sales in the first part of 2023. It is technologically ready and accessible by a larger share of businesses and populations than other ‘permanent methods’ due to its relatively low-tech production. A recent report found it could one day deliver three gigatons of CDR annually. More investment money is flowing to companies doing biochar, and it has become a staple of CDR portfolios among buyers who are diversifying. Not only that, but it is thousands of years old and works as a soil amendment that helps crop productivity. It can be made from various biomass types, and the potential uses are just as numerous. However, a major question has hovered over the reputation of biochar: Is the carbon removed from the atmosphere by biochar stored permanently, or will it quickly seep back into the air? However, recent research has drawn some optimistic conclusions. Hamed walks us through why there has been debate, what his research has found, and why he thinks the debate over carbon storage permanence needs to be closed so that the biochar community can focus on improving and scaling the use of biochar. On This Episode Radhika Moolgavkar Hamed Sanei Resources CDR.fyi- How Much of CDR Sales are Biochar Report on Global Potential of Biochar Recent Biochar Purchase from Microsoft Biochar is 1000’s of Year Old! Hamed’s Research The Lithospheric Organic Carbon Lab European Biochar Industry Consortium Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:29:28

U.S. Government Becomes a CDR Buyer

10/17/2023
A few weeks ago, the US government announced it would directly purchase carbon removal. The Department of Energy released news of a $35 million fund to procure CDR credits. The prize fund will take the form of offtake agreements and cover four pathways. More and more governments are funding CDR pilots, supporting research, and adding CDR targets to their climate plans. CDR has quickly entered an era of widespread support throughout North America and Europe. But while the support is wide, it is also shallow; most policies take the form of modest grants or targets, with a few more ambitious countries leading the way. Many CDR commentators have come to the conclusion that without a compliance market, carbon removal won’t ever scale up. On this episode we asked our policy panel about recent government actions on CDR: will they work, are they enough, and what more needs to be done? Are today’s policies sufficient to get us where we need to go? Radhika is joined by Wil Burns, Co-Executive Director of the Institute for Carbon Removal Law and Policy at American University, and Holly Jean Buck, Assistant Professor of Environment and Sustainability at the University at Buffalo. On This Episode Radhika Moolgavkar Wil Burns Holly Jean Buck Resources DOE Announces CDR Procurement National Academy Report on CDR Research DOE RFP for Responsible Carbon Management Congress Members Letter on CO2 Pipelines Heirloom commitment to DOE principles Boston Consulting Group Report Reykjavik Protocol Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:33:26

CDR Policy is 'Hot' in the EU

10/10/2023
Not long ago it was difficult to find any information about the carbon removal ecosystem in Europe. Beyond academic papers, and a researcher or two at larger environmental non-profits, CDR policy was not an area with a mature ecosystem. The situation is much different today. Not only is the EU considering ways to incorporate removals into their existing cap-and-trade scheme, but there are non-profits, carbon marketplaces, startups, and a new trade group offering sophisticated information and analysis of the rapidly developing CDR policy landscape in Europe. One of them is Carbon Gap they describe themselves as “a science-based and philanthropy-funded expert non-profit" NGO working to bring just and equitable carbon removal policies to Europe through informed scientific research. Launched two years ago, the organisation keeps the carbon removal ecosystem informed through its Policy Tracker and regularly publishes articles.” Their most recent piece released last week approaches the thorny topic of avoiding emissions deterrence. Their senior researcher is Kayla Cohen, whose work focuses on the developing soil carbon policies in Europe and climate justice issues. Another organization that continues to provide high-level insight in Europe is Carbonfuture, a marketplace for ‘durable’ carbon credits. They claim over 40% of the market for durable carbon removal this year. And luckily for the public they also continue to publish information on the CDR market, including work on the topic of creating a trusted and inclusive MRV system, which we delved into on this show just a few weeks ago. The author of much of this work is their Senior Policy Advisor Sebastian Manhart. The EU is poised to be a world leader in CDR, as it has been with climate policy. It features ambitious climate targets, robust academic research in the field, a talented labor pool, and a sophisticated non-profit sector taking on the challenge. But it also faces many of the headwinds found elsewhere against CDR such as high-costs, ambivalence from some of the public and existing environmental sector, fear of moral hazard, and broader macro-economic challenges threatening investment into newer climate tech. On this episode Kayla and Sebastian join to talk about the current situation in Europe, the developments they’d like to see, and where they predict policy will be in 2030 and beyond. On This Episode Sebastian Manhart Kayla Cohen Asa Kamer Resources Carbonfuture Carbon Gap Carbon Gap article on ‘solutions to mitigation deterrence’ Our show on Carbonfuture’s work on Trust + MRV EU Soil Monitoring Law Sebastian’s Article on Incorporating CDR in the ETS Kayla’s Article on the EU Soil Monitoring Law Carbonfuture report on CDR law in 31 EU States Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:48:08

Lots Happening in CDR Business

10/3/2023
It’s been a few months since our business panel has gathered to break down the many headlines coming from the world of CDR. On this episode we’ll talk about some of the biggest news from September: new funds, new deployments, new corporate purchases, and a gathering of the who’s who in carbon removal in New York City. You’ll hear news about Amazon + Occidental Microsoft + Heirloom DOE’s DAC Hubs Microsoft + Carbon Streaming Climeworks The Reykjavik Protocol Climate Weeks NYC & more… Joining us on this episode is our business panel: Susan Su, a partner focused on climate investing at TOBA capital, a board member at the Carbon Business Council, and a board advisor to the Environmental Voter Project and Na'im Merchant the Executive Director of Carbon Removal Canada, an Elemental Excelerator policy fellow and the author of the The Carbon Curve, a newsletter about the policies and technologies needed to grow the carbon removal market. On This Episode Radhika Moolgavkar Susan Su Na'im Merchant Resources Amazon’s deal with Occidental Microsoft’s deal with Heirloom Heirloom DAC Hub Microsoft’s deal with Carbon Streaming Climeworks in Kenya Our interviews with Octavia’s CEO The Reykavik Protocol Web Summit Climate Track Carbon Removal Canada’s launch event Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:52:01

Building the MRV Tech of the Future

9/26/2023
Carbon removal credits need to be much more trustworthy than carbon offsets are today in order to scale-up CDR. On last week’s show, we covered the news that the voluntary carbon markets have shrunk this year. After many carbon offset projects have come under scrutiny, corporate buyers have grown more hesitant. To prove that carbon removal is worth investing in and better than the status quo, project developers and sellers of credits will need to be able to prove that a credit sold actually means CO2 was removed from the air. It’s one thing to do that in a lab when the technique is being developed in a lab. It’s another to do it at scale, in the field, in real-world conditions. The tools available today won’t be enough to create market-wide trust. What software, MRV, and accounting technologies are being built today, that will manage the carbon markets of the future? Dr. Anna Lehner at Carbonfuture is one of the people trying to answer this question. Today, we’re talking to Anna about how a wide range of CDR methodologies can be measured, quantified, certified, and sold to make it easy for buyers, all while creating more trust in the market. On This Episode Radhika Moolgavkar Dr. Anna Lehner Resources Carbonfuture Carbonfuture’s Trust Framework SBTi Standards cdr.fyi Robert Höglund’s post on which companies are buying carbon removal CCS+ Initiative European CRCF Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:36:50

Tipping Point for Carbon Markets?

9/19/2023
The voluntary carbon market (VCM) has a total value of over $2 billion, and some predictions show it growing to $10 billion in just a few years. But the integrity of the carbon offsets available has come under increasing scrutiny in recent years, causing demand to slow and prices to go down. According to a new report from Morgan Stanley the market is approaching a ‘tipping point’, as more and more companies hesitate to stake their environmental claims on offsets that may be debunked in the newspaper the next day. If the market does hit a tipping point, what’s next? And what does it mean for the companies and governments hoping that “carbon removal” can fill the gap with a more reliable type of offset? Our panel will take a look at implications of the oil company Oxy purchasing Carbon Engineering. Is big oil good for DAC? Whether or not oil and gas should be involved in carbon removal is healthy debate within the CDR community, and this announcement made headlines in the broader environmental media too. Listen to hear what our policy panel, Holly Buck and Wil Burns, think about this news and its aftermath. On This Episode Radhika Moolgavkar Wil Burns Holly Jean Buck Resources Size of VCMs Article on “Tipping Point” report West et al. Paper on Carbon Offsets Liberia + Dubai Offset Deal Oxy buys Carbon Engineering NOAA Awards Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:34:49

10 CDR Headlines from July

8/1/2023
This month, there’s been a flurry of business news in the CDR world. We’re taking August off from the show, but before we go we’re going to dive into 10 stories that broke in the last few weeks, that have big implications for the carbon removal industry. On this episode hear about companies putting CO2 into concrete, plastics, and fuel, new investment funds, announcements of new engineered carbon removal facilities, and analysis of the macroeconomic conditions the industry is facing. To explain what’s behind these headlines, we’re by our regular business panel, Susan Su and Na’im Merchant. They tell us all about news from… · CarbonCure · Airminer’s Kiloton Fund · Twelve · EU Climate VC funding · Prime Coalition · Avnos · Brimstone · Deep Sky + Captura · Octavia · “500 Climate Unicorns in 20 Years?” On This Episode Susan Su Na’im Merchant Asa Kamer Resources CarbonCure announcement Airminer’s Kiloton Fund Twelve’s new plant Sifted article on EU climate funding Prime Coalition fund Avnos Brimstone announcement Deep Sky hub in Canada Octavia Our Episode w/ Octavia’s CEO Sean O’Sullivan Interview Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:44:06

Southern Hemisphere's First DAC w/ Octavia

7/25/2023
Last week Octavia Carbon announced they are planning to build a DAC plant in the Great Rift Valley in Kenya, the first such plant in the Southern Hemisphere. The Valley formed as a result of three tectonic plates meeting in one place. This phenomenon has created unique geology, which the entrepreneurs at Octavia feel could be an ideal place to capture and store CO2 underground. An hour away in Nairobi, they are building commercial-scale DAC machines and planning to deploy their technology with plans to begin storing CO2 underground in 2024. They want to leverage advantageous local renewable energy, geology, and personnel to attract global customers. Today we’ll be talking with Octavia’s CEO, Martin Freimüller, about why Kenya is right for DAC, what they are working on now, and why the price of a DAC credit in Kenya will differ from one from the U.S. On This Episode Radhika Moolgavkar Martin Freimüller Resources Octavia Carbon Octavia’s Project Hummingbird Announcement Puro.earth Cella Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:30:45

Global Policy Roundup

7/18/2023
We’ve been covering a lot of US state and federal CDR policy in the last few episodes. Today we’re taking a much-needed international trip and discussing some critical stories happening across the globe. Zimbabwe’s government has announced new regulations on voluntary carbon offset trading to prevent greenwashing and ensure that local communities benefit. Carbon credit schemes in Zimbabwe have been unregulated. The new policy mandates that all carbon projects register with the program, ensuring that a percentage of the revenue goes directly to local communities. Deforestation rates in Brazil’s Amazon rainforest have fallen by 33.6% during the first six months of 2023 under the new administration of President Luiz Inácio Lula da Silva. This contrasts sharply with the record-breaking deforestation rates in 2022 under former president Jair Bolsonaro, who promoted mining and farming in protected areas. The UK government has announced comprehensive changes to its Emissions Trading Scheme: a program designed to decarbonize the country eventually. The ETS will now include more sectors, set new emissions limits for the power sector, energy-intensive industries, and aviation, and incorporate carbon removal technologies into the ETS. CDR solutions, like direct air capture, BECCs, and nature-based removals, will now be traded in the ETS program. Today I’m with our regular policy panel of Holly Buck Assistant Professor of Environment and Sustainability at the University at Buffalo and the author of Ending Fossil Fuels, and Wil Burns the Co-Executive Director of the Institute for Carbon Removal Law and Policy at American University. On This Show Holly Jean Buck Wil Burns Radhika Moolgavkar Resources New Zimbabwe Regulations Amazon Deforestation Decrease Cerrado Deforestation Increase “Brazilian Amazon Indigenous Territories” paper Petrobras Increasing Oil Output UK ETS Changes Drax BECCS projects Our Episode on California’s SB 308 Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:31:45

Carbon180 and Xprize on Environmental Justice

7/11/2023
The Xprize’s Carbon Removal prize has been one of the most exciting stories in CDR. As it seeks to pump $100 million towards carbon removal projects, the organization is also taking steps to ensure that funding supports companies that benefit, rather than harm, the communities they work in. This is no small detail, but in fact a main question about the future of carbon removal: can it become embraced by local communities who will host projects? We’ve been focusing on that very question on this show because we feel it is just as important as funding news and scientific advancements. In order to help build an environmentally just industry, Xprize has partnered with Carbon180 to write a comprehensive report on environmental justice in the context of carbon removal projects. This report discusses the importance of environmental justice for carbon removal companies, the concept of climate justice, and the need for fair distribution of project benefits. In this episode we’re joined by two of the authors of this report, who are leading the effort build environmental justice into the CDR industry: Nikki Batchelor, the Executive Director of the Carbon Removal Prize, and Ugbaad Kosar, the Director of Environmental Justice for Carbon180. On The Show Ugbaad Kosar Nikki Batchelor Radhika Moolgavkar Resources Xprize Carbon Removal Carbon180 From the Ground Up report Connect with Nori Nori Nori’s Twitter Nori’s other podcast Reversing Climate Change Nori’s CDR meme twitter account --- Send in a voice message: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/message Support this podcast: https://podcasters.spotify.com/pod/show/carbonremovalnewsroom/support

Duration:00:39:47