The only way to reach Net-Zero is to reduce emissions and then remove the remaining CO2, so stimulating carbon removals to gigaton scale is imperative. This time we focused on the needed transition from pioneer buyers to a world where carbon removal suppliers get capital from financiers and investors to scale.
Pioneer buyers who have purchased early carbon removals at high prices, such as Shopify and Microsoft, have acted in a double role as buyers and investors, pushing forward growth in an nascent industry that lacks funding. However, in order for global scaling to happen, investment must be normalized. Capital must come from banks and equity investors the same way it flows into other industries.
Join us to hear Elizabeth Willmott, Carbon Program Manager at Microsoft, tell us the experience of a pioneer buyer of carbon removals. We will also have two panel discussions with suppliers and investors who are eager to take the next steps towards global acceleration.
Plus a special peek of the XPRIZE Carbon Removal challenge funded by Elon Musk and the Musk Foundation.
Welcome all buyers of negative emissions, carbon removal suppliers, consultants, supply and demand aggregators, as well as financiers and investors! You can watch the recording here.
Preliminary agenda in GMT times:
15:00 Welcome – Elba Horta, Business Development and Communications, Puro.earth
15:05 What have we achieved so far and where is the ecosystem going next? – Antti Vihavainen, Co-Founder, Puro.earth
15:15 The state of carbon removal supply - Carbon removal supplier panel discussion with Marianne Tikkanen, Co-founder, Puro.earth. What challenges are suppliers facing? How would long-term offtake agreements help them scale and grow? Panelists: Joe Tondu, CEO at Tondu Corporation and Paul Ferguson, CEO at Accend.
15:35 The investment landscape of carbon net-negative industries - Investor panel discussion with Veli Pyykönen, CFO, Puro.earth. What is missing? What is needed from suppliers in order for investments to grow? What do investors see as risks? Panelists: Katharina Kort, Managing Director at Bank of America Merrill Lynch, Edwin Datson, Head of Climate Tech at CRCM Ventures and Eric Trusiewicz, Industrial Decarbonization & Cement CO2 expert .
16:05 Microsoft carbon removal: Lessons from an early corporate purchase - Elizabeth Willmott, Carbon Program Manager, Microsoft
16:35 XPRIZE Carbon Removal challengefunded by Elon Musk and the Musk Foundation - Marcius Extavour, Lead Environment, Energy, Climate at XPRIZE
16:45 Q & A Joona Kunnas, Sales Manger at Puro.earth
Watch the recording here.