Climate Vault Announces Request For Carbon Removal Proposals
Deadline March 29, 2023
Climate Vault is set to fund up to 860,000 tons of carbon dioxide removal (CDR) and is inviting companies in the nascent industry to apply for grants. This is the first Climate Vault Request For Proposals (RFP) of 2023 and its process will find, evaluate and award funds to companies that can provide carbon removal through any of these three categories:
- Terrestrial processes that include ecological, agricultural, biological, plant cultivar, and soil carbon ecosystems.
- Technological innovations, such as bioenergy with carbon capture and storage (BECCS), direct air capture (DAC), ex situ and in situ mineralization, and soil additions.
- Oceanic-based processes, including ocean alkalinity enhancement (OAE) and abiotic, electrolytic, biotic, blue carbon, and macroalgae systems.