Reducing emissions is no longer enough — to stave off the worst of climate change, scientists now believe we need to remove roughly 10 GIGATONS of carbon from the air every year. That’s in addition to efforts toward decarbonization.
Recently, a whole slew of startups have popped up that are focusing on carbon removal technologies. Deep Sky, started by travel app Hopper co-founders Frederic Lalonde and Joost Ouwerkerk and former Airbnb CFO Laurence Tosi, just raised $10 million to help them scale up carbon capture technology in Canada. Funding came from both Brightspark Ventures and the Québec government.
Unlike other startups, Deep Sky plans to utilize existing carbon capture technologies from other companies (like Captura, Mission Zero, Skyrenu, and Carbyon) to grow large scale infrastructure throughout Canada. This plan has the potential to rapidly grow this nascent industry, a win-win for everyone involved.