The most important development of this decade, will be Making Carbon-capture-Storage profitable. heres why:
Our atmosphere currently has alarmingly high CO2 levels. Even if today we stopped emitting, we would still need to remove an excess of ca. 500 Gt CO2 from the atmosphere to return to pre-Climate Crisis levels. This amount of carbon can only be stored permanently in the soil. Though technological solutions are currently under development, we already have a powerful tool to undertake this – agriculture.
By effectively enhancing natural processes, agriculture is capable of absorbing carbon into the soil where it fulfills a range of valuable ecosystem services, including increased fertility. Scientific research has shown that by converting 20% of current farmlands to a sequestration approach, 100% of yearly annual emissions can be sequestered – while maintaining and improving productivity.
The problem is,
We currently have no incentive structure within farming and agriculture to meet the challenge of sequestering CO2.
Our Business Model:
We see funds for emission neutrality increasing strongly on the voluntary market within the next years, as the climate crisis is growing in urgency and the public globally expects companies and governments to take more decisive action. We aim to be the marketplace for CO2 data certificates tied to physical fields within which CO2 was sequestered over a period of time.
Buyers (net carbon producers) can bid for and buy data certificates from net carbon absorbers. Transactions have a fee on the side of the carbon buyer for issuing verified carbon data certificates.
This Solution is nothing new, based on a few key assumptions.
Without further emissions, the carbon in the air today is capable of causing severe global impacts.
Agriculture, forestry and other land use (AFOLU, IPCC), seems to be the most scalable area for removing already admitted carbon dioxide from the air. Mostly in the from of soil organic carbon (SOC), which has the ability to sequester 15 to 25Gt of carbon per year in farmlands globally. Regenerative agriculture has the potential for sequestering 8 tons of pure carbon per-hectare per year. Which due to separation with oxygen, is roughly 4 times its weight in C02 removed from the atmosphere. (8 tons of (SOC) carbon equivalent to 32 tons of Carbon dioxide Removed from the atmosphere).
Funding already exists, and will increase, for removing carbon from the atmosphere. Economy has the highest chance of making Captured Carbon Commercially profitable, markets such as atmosphere, climbworks, Nori, show that voluntary carbon offsetting programs are increasing in popularity. Large companies, such as Bosch, Google, Facebook, have all pledge to go carbon neutral. Politically speaking the largest fund of them all will be, government carbon taxes levied on carbon-intensive products. The core science problem is efficiently converting currency into verifiably sequestered carbon. (Atmosphere sells offsetting services, at 30 euros per ton of carbon dioxide) And If applied to Regenerative farmland, 1 hectare Can have 32 tons of carbon dioxide removed, meaning 960 euros per hectare per year, In carbon certificates sellable). As more data is gathered we believe 30 Euros per ton CO2 is under valued for Pre-sequestered carbon Certificate sales.
Soil Carbon data is difficult, estimating the amount of carbon sequestered inside of soils requires research teams at universities with extensive field work, in order to generate the data used in the governmental reporting to the IPCC.
We Believe new hardware and sensing Solutions are required, for accurate reporting of Farmland increases and decreases in soil organic carbon (SOC). Trusted sensor Networks with core sampling robotics or IoT Ground devices, with built-in certificate generation, would have the ability to generate an estimated market of over 550 billion euros per year at the 30 Euros per ton at 18.5GTons of CO2 per year.