CarbonX, a pioneer in permanent carbon removal, has successfully concluded a new funding round with the backing of Redstone, Engie New Ventures, and PROfounders.
CarbonX is committed to assisting its global clients in achieving their climate targets by permanently removing carbon from the atmosphere.
Operating in a market characterized by limited liquidity and intricate transactions, the company empowers organizations to effectively manage climate risks through transparency and rigorous scientific validation.
“The additional capital will fuel our expansion into new regions and our ongoing development of science-based tools to professionalize and accelerate the carbon removal industry,” stated
“CarbonX has been dedicated to building a strong and lasting carbon removal market since its inception,” remarked Paolo Piffaretti, CEO and Co-founder of CarbonX.
“This recent investment round from key institutional stakeholders not only acknowledges our steadfast commitment but also demonstrates a shared confidence in our vision. We believe that, with the support and collaboration of our new partners, CarbonX is ideally positioned to consolidate its role as the leading intermediary for permanent carbon removal, both in terms of volume and value, across a diverse range of pathways,” Piffaertti said.
Relevant: Carbonx Issued Its First Report On Bridging The Gap In Carbon Removal Financing
“CarbonX is uniquely placed to help our customers navigate the emerging CDR market and to contribute to scale the most promising CDR technologies,” added Jérôme Malka, Executive Committee member at ENGIE’s Global Energy Management & Sales business unit.
The new partners bring institutional expertise in scaling critical climate infrastructure, further enabling CarbonX to expand its operations and contribute to the establishment of a sustainable carbon removal market.
Together, they are dedicated to delivering innovative, sustainable solutions that address the pressing challenges of CO2 emissions.
Read more: ENGIE Buys 5M Tons Of Carbon Removals From Catona Climate
