#carbon-removal

#carbon-removal

The University of California system recently made waves by announcing a commitment " to fully decarbonize no later than 2045." Unlike many "carbon neutrality" or "net zero" plans that rely heavily on carbon offsets, the UC system plans to cut emissions from campus electricity and fossil fuel use by at least 90 percent from 2019 levels and to balance residual emissions by investing in projects to remove carbon dioxide from the atmosphere.

Through a range of installations, models, and interactive elements, "Age of Nature" presents speculative yet achievable visions for future living. A tower of live mushrooms grows as a vertical field, freeing ground space for wilderness; facades are reimagined as miniature ecosystems; and filmmaker Liam Young's The Great Endeavor envisions a global workforce collectively removing CO₂ from the atmosphere using existing technologies. Together, these projects question how architecture can move beyond minimizing its impact to actively regenerate the environments it inhabits.

At the beginning of this year, a climate tech startup called CarbonCapture was ready to break ground on its first commercial pilot at a site in Arizona. But the project is now about to open 2,700 miles away, in Alberta, Canada. The company started considering new locations shortly after the inauguration, as the political climate around climate projects quickly changed.

With so much going on in the city's thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 9/20 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for eighteen companies including Chestnut Carbon, Tabs, GreenLite, and much, much more. Chestnut Carbon - $90M Series B Extension Carbon Removal Chestnut Carbon, a developer of carbon removal solutions, has raised $90M as a Series B extension led by CPP Investments.

Chestnut Carbon - $90M Series B Extension CARBON REMOVAL Chestnut Carbon, a developer of carbon removal solutions, has raised $90M in a Series B extension led by CPP Investments. Founded by Ben Dell in 2021, Chestnut Carbon has now raised a total of $450M in reported equity funding. Tabs - $55M Series B Tabs, an AI-powered revenue automation platform for finance teams, has raised $55M in Series B funding led by Lightspeed Venture Partners.

In 2024, the global average annual temperature exceeded 1.5 °C above pre-industrial levels for the first time. Greenhouse-gas emissions are rising, and the window to reach net zero by 2050 is closing fast. Artificial intelligence (AI) systems can play a crucial part by improving energy and resource-use efficiency, accelerating innovation and expanding people's capacity to act. But without swift, deliberate effort, this opportunity could slip away.

Enhanced rock weathering (ERW) utilizes ground rock such as basalt to capture CO2 from the atmosphere. This process could significantly aid in meeting climate goals.

"We are able to market it as two products," Arbor co-founder and CEO Brad Hartwig told TechCrunch. "We're selling carbon-free base load energy as well as net [carbon] removals."

Six months ago, the carbon removal market had immense promise, with significant investments and projections of a $1.2 trillion market value by 2050.

Within carbon markets, our realization was that a lot of the projects in India, which are more avoidance-based, are of very low quality, and they produce junk credits.