ClimeFi Strengthens Carbon Removal Assessments in Collaboration with Center for Negative Carbon Emissions (Arizona State University)
ClimeFi is pleased to announce a new collaboration with the Arizona State University Center for Negative Carbon Emissions (CNCE) as the two organisations work to strengthen the company’s review process of Carbon Removal suppliers.
CarbonX places a high priority on conducting thorough technical reviews of all carbon removal suppliers before entering into offtake or commercial agreements. Comprehensive due diligence processes minimise integrity delivery and integrity risks for its buyers and financing partners.
The company has fortified its inspection process by securing the ASU Center for Negative Carbon Emissions as a systematic reviewer of its project assessments. This complements the existing ClimeFi network of sector experts, which will continue to be leveraged for expertise on individual technology and carbon dioxide removal pathways.
“Collaborating with the ASU Center for Negative Carbon Emissions is an important step in elevating industry standards and expanding buyers' confidence in the nascent carbon removal market. The last months have proven to be a testament for us to utilise the centre’s unparalleled carbon dioxide removal expertise. We appreciate the value they bring to our review process,” said Thomas Bellec, Head of Carbon Solutions at ClimeFi.
“ASU is at the forefront of creating carbon removal technologies with more than three dozen inventions focused on the passive capture of CO2. Our collaboration with ClimeFi allows us to use our expertise to support and guide the carbon dioxide removal market in new ways,” said Klaus Lackner, founding director of the ASU Center for Negative Carbon Emissions. Lackner is also a Senior Global Futures Scientist with the ASU Julie Ann Wrigley Global Futures Laboratory. In 1999, Lackner was the first person to suggest the technical capture of carbon dioxide from air in the context of carbon management.
The ASU Direct Air Capture Testbed is a world-class facility whose researchers provide a comprehensive understanding of carbon capture and storage, climate policy, certification, sorbent development, supply chain, and long-range planning experience for climate change mitigation. The testbed can quickly screen the performance characterization of sorbents for carbon capture, which allows for sorbents to be scaled up.
Through this collaboration, ClimeFi aims to contribute to setting the highest standards for the carbon dioxide removal industry.