Climate Vault – the non-profit organization founded at the University of Chicago that helps organizations reduce and eliminate their emissions, has extended the deadline for applications for its first Climate Vault Request For Proposals.
Now new carbon removal technologies can apply for grant funding until April 12th, 2023, extended from March 29th.
The Request For Proposal was launched in February 2023 with the goal to identify, assess, and award funds to emerging carbon dioxide removal (CDR) technologies. Climate Vault’s funding wants to stimulate the growth and development of innovative technologies that are helping make net negative emissions possible.
The applications are open for CDR solutions in the following categories:
- Terrestrial processes – ecological, agricultural, biological, plant cultivar, and soil carbon ecosystems.
- Technological innovations – bioenergy with carbon capture and storage (BECCS), direct air capture (DAC), ex situ and in situ mineralization, soil additions.
- Oceanic-based processes – ocean alkalinity enhancement (OAE) and abiotic, electrolytic, biotic, blue carbon, and macroalgae systems.
The Climate Vault’s Tech Chamber will be evaluating the grant funding applications and will assess the technologies. It is led by former U.S. Energy Secretary Ernest Moniz and includes scientific experts from MIT, Princeton, Harvard University, and Scripps. The organization will fund up to 860,000 tons of carbon dioxide removal through this Request For Proposal cycle.