ClimateWorks Foundation
For The Carbon Dioxide Removal Initiative
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Amount$1,000,000
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Program
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Date Awarded10/15/2018
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Term12.0 Months
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Type of SupportProject
Overview
This grant will allow ClimateWorks to develop a strategy for innovation and atmospheric carbon dioxide removal (CDR). The project will support the development of a new field around CDR, and make grants to existing organizations to create programs to support CDR policy development. The program will focus on engineered and natural removal. Engineered CDR includes technologies such as direct air capture, enhanced rock weathering, and bio-energy carbon capture (BECC). Natural solutions include soil enhancements such as biochar, aforestation, and changes in agricultural practices to store more carbon in the soil.
About the Grantee
Grantee Website
www.climateworks.org
Grants to this Grantee
for Carbon Dioxide Removal Program
The Intergovernmental Panel on Climate Change found that carbon dioxide removal (CDR), alongside emissions reduction interventions, will be needed at a global scale to curb the worst effects of climate change. By 2050, the world will need to remove at least 10 gigatons, per year, of carbon dioxide, and continue doing so for hundreds of years. To meet carbon removal targets by 2050, a comprehensive approach to CDR is necessary. ClimateWorks is driving a global philanthropic strategy to meet this challenge with focused work to scale direct air capture technologies in California. (Substrategy: Carbon Negative)
for support of U.S. Foreign economic policy for global green industrial policy
ClimateWorks Foundation is a global organization with a single mission: to end the climate crisis by amplifying the power of philanthropy. This grant supports the efforts of ClimateWorks’ Sustainable Finance Program to educate the public and US government actors on the importance of a coherent approach to international aspects of green industrial policy across relevant US government departments and agencies. This includes mobilizing a coalition and advancing research and engagement strategies to build U.S. leadership in this critical area.
