Bezos Earth Fund Launches $4.8 Million Initiative for Carbon Removal and CCUS Ventures
The Bezos Earth Fund has announced a financing initiative to support carbon dioxide removal and CCUS projects, distributing $4.8 million to 48 early-stage climate projects over three years. Each grantee will receive $100,000, with notable projects including Mati Carbon, which utilizes enhanced rock weathering, and UP Catalyst, which converts captured CO2 into climate-neutral materials. This initiative aligns with increasing recognition of carbon management's role in achieving net-zero targets.
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The Bezos Earth Fund has initiated a financing program to support carbon dioxide removal and CCUS ventures, allocating $4.8 million to 48 early-stage climate projects over three years. Each project will receive $100,000, targeting breakthrough technologies for atmospheric CO2 removal and reuse.
Notable grantees include Mati Carbon, which employs enhanced rock weathering in tropical farmlands, and UP Catalyst, which converts captured CO2 into materials like graphite for industrial use. This initiative seeks to bolster the carbon removal ecosystem amid increasing recognition of its importance for meeting net-zero targets.
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