CDR library

For being selected as one of 16 winners of Tencent's CarbonX 2.0 program providing $30M in catalytic funding to 16 teams globally. 🇰🇪 What’s more, Kenya will host all of the CarbonX 2.0 programme’s carbon removal pilots (5 companies including Octavia) to create Kenyan DAC and storage hub. 🔥 Octavia is on fire! Not only are they the first DAC company in the Global South, they also made history just last month as the world's 4th DAC company to achieve permanent geological s

🧐 However, one could argue that the money is not being allocated efficiently. Here’s why: 🏭 Technological concentration: 61% of all investment to date went to DACCS. While BiCRS follows with just 15% (of which Biochar Carbon Removal accounts for 5%). These numbers stand in stark contrast with deliveries, where BiCRS accounts for >95% while DACCS <0.1%. 🌎 Geographical concentration: the U.S. and Switzerland account for 77% of all investment. The Global South for just 2%. A