An interview with Hannes Junginger, CEO of Carbonfuture, on how to achieve a gigaton-scale carbon removal market
We provide carbon removal you can trust. The value of the carbon market is bottlenecked by verification. How can you assure that carbon claims are true?solves this by offering a platform for monitoring, reporting, verifying and trading advanced carbon capture and sequestration technologies, like biochar, that we can accurately track and measure from the atmosphere to the ground.
We were able to convince some angel investors and VCs to get us started, but it was a really niche effort, especially two-to-three years ago. Even just a few years ago, hardly anyone knew about the necessity of carbon removals, so we had to do a lot of education. It’s our clear standpoint that everything starts with understanding and reducing emissions, and that financing removals is only the last step. We do not encourage people to do less to avoid or reduce emissions. Given the prices we see in the market now, it’s still much cheaper for companies to avoid and reduce emissions, compared to buying removals, which start at $100 or $150 per tonne of CO2e.
It’s an institution to help these innovative companies and their credits to qualify for existing carbon markets, which already have this proper governance in place. The first participants are focused mostly on enhanced weathering, but Catalyst is open for other technologies.
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