Circular Carbon Network’s Post

Voluntary Carbon Markets (VCM) shrunk to $723 Million in 2023, a reduction of 61% from the prior year. Nevertheless, various estimates (Mckinsey, Barclays, etc) forecast the VCM market size to grow anywhere between $30-$250 billion per annum by 2030. So how should prospective carbon credit buyers reconcile these two conflicting trends? In our opinion, this exponential growth estimate by 2030 is plausible, but is contingent on four key driving forces aligning together: 1. Continued catalytic buying from pioneering buyers as Microsoft, Frontier coalition, etc. to stimulate investments in high quality carbon removal projects through guaranteed, multi-year offtake commitments. Most carbon removal projects today are highly priced for mass-scale enterprise buying (100$+ per tonne for bio-char to 1000$+ per tonne for direct air capture), so more such buying is needed to accelerate/scale these solutions and bring the cost-curves down. 2. Better regulatory monitoring of carbon-credit quality through neutral integrity organisations (e.g. The Integrity Council for the Voluntary Carbon Market (ICVCM), VCMI) and national-level regulations (e.g. CREST Act, Federal CDPR Act). Over time, VCM registries should cede the role of integrity to indepedent third-party organisations and national institutions, and instead focus on development of new carbon credit methodologies, products and market making. 3. More rigorous monitoring and real world verification of carbon reductions/removals through digital technologies (e..g. remote sensors, IoT, insitu spectrometry) replacing rules of thumb-based excel work sheets. Such technologies also represent a big investment opportunity for venture capital funding by the way! 4. "Green-light" from climate standard-setting institutions and rating agencies (e.g. Science Based Targets initiative, CDP), acknowledging the role of carbon offsets towards accomplishing decarbonisation/net zero goals. This is vital to incentivise mass-scale enterprise buying as corporations will see the "RoI" of carbon credits in improving their overall ESG rating and lowering the cost of capital. As of now, we do not have scalable abatement solutions for difficult to decarbonise sectors such as semi-conductor fabrication, aviation, shipping, cement, etc. Any such solutions may fructify at scale only over the next 15-30 years. So, carbon offset solutions will be vital to delivering corporate 2050 net-zero goals and Nationally Determined Contributions (NDCs). Later this year, Sculpt Partners will be publishing a guide to inform corporate buyers of the role of carbon offsets in their decarbonisation journey. We will look forward to broader feedback once released. Sculpt Partners #carboncredits #carbonoffsets #CDR #carbonremoval #carbonfinancing #voluntarycarbonmarkets #vcm #decarbonisation #netzero

At EVBox, we know that, to support the e-mobility transition, it's not enough to develop and sell charging solutions for electric vehicles. We must also develop ourselves as a business to become fully sustainable, inclusive and well-governed. Read our 2023 Impact Report to learn about the actions we've already taken and the next steps on our journey. #sustainability #netzero #esg #ev #energytransition #bethechange

EVBox is taking sustainability commitments to the next level with a strong commitment to have their products be 100% circular by 2050, but with significant steps completed by 2030. Creating products, especially electronics, that can have a 100% circular lifecycle is going to be critical in the decades to come so we can reuse rare materials, safely process, and possibly find a use for, toxic pollutants, and be less wasteful. However, to do this a lot of changes need to occur throughout the entire process from material sourcing all the way through end of life. Which is why this will take time to get to the 100%.

How are we responsible? How do we get it real, reliable and simple? Questions that are on my mind as General Counsel. Our Impact Report 2023. Movement of an unstoppable train of improvement. We love our planet, we only have one. We only have one small layer of air between star distances of cold and life hostility. I wonder who we are fighting out there in all the wars : the "other" or ourselves. Happy reading. #ESG #globalresources #globalgovernance #responsibility #sustainability

Achieving a 10-year ESG sustainability goal in one year requires a concentrated approach. Focus on the most impactful initiatives: implement renewable energy solutions, drastically cut waste, and adopt circular economy practices. Streamline operations for energy efficiency and reduce carbon emissions by switching to sustainable suppliers. Engage stakeholders and employees with clear goals, fostering a culture of accountability. Utilize digital tools to track progress and adapt strategies quickly. Invest in sustainable technologies and partnerships that provide rapid impact. Transparency in reporting and aggressive resource reallocation are key to maintaining momentum and achieving these accelerated targets. #esg #listedcompanies #independentdirector #sustainability #esginvesting

Carbon offsetting is no longer a buzzword in the world of businesses. It has become an essential part of business sustainability strategies. But what exactly is carbon offsetting, and why should you consider it for your business? We break it down here. #zembl #energy #electricity #energyprices #electricityprices #energypricerises #energypricehikes #energypricesaustralia #energytips #energysavings #energyexperts

Circular carbon companies secured over 25% of overall climate tech investment in 2023. 👀 Dive into the data in the XPRIZE Circular Carbon Network Annual Market Report released today analyzing 2023 investment and growth trends of the circular carbon industry! Here are some key takeaways from the report: ➡️ Despite a market slowdown in 2023, the climate tech sector saw $8 billion in capital flow across 428 carbon deals, up by $370 million from the previous year. ➡️ Cumulative investment in the sector has reached $25.4 billion. ➡️ Carbon removal (CDR) companies secured $6.7 billion of the total $8 billion in investments. ➡️ 81% of carbon removal companies that secured funding in 2023 are in early commercialization stages, indicating market confidence in carbon removal solutions. ➡️ Circular carbon companies collectively generate substantial revenue ranging between $1 billion and $3 billion, showing a strong dependence on carbon markets as a primary income source. Learn more about the encouraging signs of growth of the circular carbon industry in our CCN report here. https://lnkd.in/dCrEJrTH

X Prize Circular Carbon Market Report 2023 Part II The CCN Capital Index tracks capital providers who are currently active or interested in Circular Carbon investment opportunities. A total of 540 firms representing 30 countries are included in this index. Breaking down the total amount raised by deals by solution type for the last three years, we obtain the following: - CO2 Removal: $5.8B in 2023 and $4.1B in 2022 - CO2 Conversion: $3.7B in 2023 and $2.5B in 2022 - Point Capture: $1.4B in 2023 and $1.28 B in 2022 - Carbon Markets: $0.9B in 2023 and $1.6B in 2022 With 48% growth, CO2 conversion had the highest increase vs the year before. CO2 removal companies were the ones with the most capital raised. In 2023 there were 334 deals made across these four categories of carbon technologies, in comparison with 196 in 2022. A great encouragement for entrepreneurs in Carbon Capture Removal and Storage area. Another interesting statistic is the number of companies formed by selected period of time and in the same categorization of carbon technologies:   CO2 Removal: - Before 2016: 140. - 2016-2020: 180. - 2020-2023: 220. CO2 Conversion: - Before 2016: 120. - 2016-2020: 120. - 2020-2023: 80.  Point Capture:  - Before 2016: 30. - 2016-2020: 20. - 2020-2023: 10.  Carbon Markets:  - Before 2016: 35. - 2016-2020: 40. - 2020-2023: 45. The sector of CO2 removal is a clear leader in total companies and new companies.  The CCN data on reported revenue reveals that 50% of companies founded prior to 2016 are making more than $1M in revenue. Source: https://lnkd.in/d5APQ6R3

As companies strive to reduce their carbon footprint, navigating carbon offset standards is crucial for effective sustainability strategies. Spoctech Green Ventures Pvt. Ltd. [Greenifit] is on a mission to reduce carbon footprints and expand carbon offsetting practices amongst masses. Greenifit is collaborating with individuals and corporates and helping navigate on such sustainability strategies. Here are some best practices for corporate compliance: 1. Understand the Standards: Familiarize yourself with widely recognized carbon offset standards. These frameworks provide guidelines for credible carbon offset projects. Connect with Vikash Sharda to know more about this. 2. Conduct Due Diligence: Before investing in carbon offset projects, conduct thorough due diligence to ensure their credibility and effectiveness. Look for projects with clear methodologies, robust monitoring, and verification processes. 3. Seek Third-Party Verification: Choose carbon offset projects that undergo third-party verification to validate their environmental impact. This adds credibility and transparency to your carbon offset efforts. 4. Diversify Offset Initiatives: Consider diversifying your carbon offset portfolio by investing in a variety of projects, such as renewable energy, reforestation, and community-based initiatives. This approach maximizes environmental benefits and reduces risk. Connect with my team to know more here. 5. Monitor and Report: Continuously monitor the performance of your carbon offset projects and report progress transparently to stakeholders. Regular reporting demonstrates accountability and reinforces your commitment to sustainability. Connect with Mohd Hasan Khan for this support. By adhering to best practices in carbon offset standards, companies can ensure compliance, credibility, and meaningful impact in their journey towards carbon neutrality. Let's navigate this path together for a greener future with Greenifit! 🌍💼 #CarbonOffset #Sustainability #CorporateCompliance #EnvironmentalImpact