“There has never been a better time to start a carbon removal company,” Sacca wrote in his announcement of the fund.

Sacca said he wants to invest in start-up entrepreneurs looking to scale up their carbon removal technology, and he’s open to any number of solutions from biological enhancements and manipulations to electrochemical solutions to burying carbon deep underground.

„Frankly, we’ve known that CO2 removal was going to be big. However, we didn’t realize how damn big and how very soon until, just recently, two forces changed everything for demand and supply”, mentioned Lowercarbon Capital in their announcement.

Frontier, an Advance Market Commitment led by Nan Ransohoff, with backing from Stripe, Alphabet, Shopify, Meta, and McKinsey, announced nearly $1 billion to buy durable carbon removal.

„Biologically enhanced rock weathering and manipulating aquifer brines? Hit us up. Electrochemically generating alkalinity in the ocean? We’re your team. Engineering new materials for CO2 scrubbing from the air, accelerating geologic storage, new ways of breaking carbon and oxygen bonds, or growing plants that don’t decompose? Right over here. There are entire categories of carbon removal approaches with massive potential that haven’t even been discovered yet”, also mentioned Sacca about the scope of their investment.

Foto - Julia de Boer / The Next Web