Long term offtake agreements for carbon removal projects: A gamechanger for the planet
In the last year, we have seen huge corporate demand for carbon removal in the immediate term, but the market is still supply constrained and many projects will only produce carbon removal in the 12-to-24-month timeframe. The supply crunch will get worse as awareness keeps spreading exponentially for corporates and companies who have pledged to net zero in the coming years scramble to fulfill those commitments.
One key answer is the adoption of long-term offtake agreements for carbon removal projects. These will provide buyers a balance between short-term needs and long-term planning. The predictable future cashflows will enable more projects to raise equity and obtain loans to start or expand. Besides, offtake agreements may also be pivotal for new methods to be piloted and scientific data to be gathered, a true gamechanger for the planet. The renewable energy industry accelerated thanks to long-term commitments. Let’s do the same for carbon removal.
In our sixth ecosystem meeting we presented a snapshot of the current situation with long-term offtake agreements, the positive signs, the funding challenges, and the Puro.earth offerings that will contribute to solve these.
Join us and an impressive lineup of speakers from Zurich Insurance Group, Carbon Direct, Invert and Valence Solutions, who are doing their part to grow carbon removal worldwide, now and in the long-term. Watch the recording here!
Agenda (times in GMT):
15:00 Welcome – Elba Horta, Head of Communications, Puro.earth
15:02 -15:20 What has been achieved so far and where is the ecosystem going next? – Antti Vihavainen, CEO, Puro.earth
15:20 -15:35 Rethinking Removals - Dr. Gabrielle Walker , TED Speaker, Founder and Director, Valence Solutions
15:35-15:55 How Zurich supports the carbon removal market and accelerates its net-zero target, Chris Minter, Sustainable Sourcing Lead, Zurich Insurance Group
15:55 -16:15 Long term offtake agreements for carbon removal projects: A panel with Arnaud Defrance, VP of Funding Solutions at Puro.earth, Micah Macfarlane, Commercialization Lead at Carbon Direct and Peter Popplewell, PhD, Head of Technology and Carbon Project Viability at Invert
16:15-16:30 Q & A – Joona Kunnas, Sales and Account Manager, Puro.earth
Watch the recording here!