XPRIZE Partners With Carbonfuture On Carbon Dioxide Removal MRV

. Valued at $100M, XPRIZE Carbon Removal aims to fight climate change and rebalance the Earth’s carbon cycle. The partnership marks a milestone collaboration between top organizations verifying and funding carbon dioxide removal technology. The move signals XPRIZE’s commitment to supporting the integrity of the growing CDR industry through rigorous monitoring, reporting, and verification , supplied by Carbonfuture.

The prize itself reveals the importance of not only funding and developing CDR technology, but supporting a diversified portfolio of methods., there was $1.2B investment in CDR overall, including the lion’s share , going towards support services like Carbonfuture. Biomass, like biochar, pulled the second highest investment at $187M, followed by DAC $142, with the remaining 30% of money invested in carbon removal solutions shared between other methods like mineralization and forestation.

Hannes Junginger-Gestrich, CEO of Carbonfuture, stated, “This partnership is set to transform the CDR industry by accelerating the path to market for emerging CDR solutions. We are excited to collaborate with XPRIZE to bring precision and efficiency in MRV of carbon removal projects through our digital Trust Infrastructure.”

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