Carbon Herald just published 16 Winners Will Share The Nearly $30M Award From Tencent’s CarbonX 2.0 Program.
Carbon Herald reports that Tencent has announced the 16 recipients selected to share an award pool of close to $30 million under its CarbonX 2.0 program. The initiative is part of Tencent’s broader effort to back carbon removal and climate technology development. The selected projects will divide the funding as part of the program’s second round, which expands on the original CarbonX initiative launched earlier. Details on individual award sizes, project categories, and selection criteria are covered in the full article.
Our take (Useful): Corporate CDR prize programs can move early capital to teams that struggle to raise, but the climate impact depends on which technologies were funded and what milestones are attached. Worth checking the project mix across removal pathways and whether Tencent discloses verification standards for any tonnes claimed.
-> Read the full piece at Carbon Herald
Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.
Source: Carbon Herald