Google, Standard Chartered, and Holocene Unite to Undo Carbon Removals Challenges

Google, Standard Chartered Collaborate on Carbon Removals Financing

In an unprecedented move, Google and Standard Chartered are backing Holocene, a UK-based enhanced rock weathering specialist, to secure unique financing for carbon removals. This initiative highlights the urgent need for innovative financial solutions in tackling climate change through advanced carbon removal technologies.

A Novel Approach to Carbon Removals

• Holocene utilizes Enhanced Rock Weathering (ERW) to naturally draw down carbon dioxide from the atmosphere.
• This financing deal will enable Holocene to enhance its carbon removals capacity significantly.
• Collaborations like these showcase the crucial role of financial institutions in funding environmental innovations.

The Importance of Carbon Removals

Carbon removal technologies, such as Direct Air Capture (DAC) and ERW, present viable solutions to mitigate climate change and are integral to achieving global climate targets.