remove Sets Sights On India With New Carbon Removal Accelerator

remove Sets Sights On India With New Carbon Removal Accelerator - Carbon Herald

remove has announced its acclaimed program to nurture carbon dioxide removal (CDR) solutions is branching out to India. Applications are being accepted as of July 9, 2024, with the goal of launching their first Indian group by year’s end.

remove will be holding a preliminary trial of its accelerator program in the last quarter of this year.

This initial phase will involve remove guiding ten CDR founders in India through their ten-week “Foundations” stage. 

Relevant: remove Announces Next 20 Startups To Join Its Accelerator Program

Here, these founders will gain access to the cultivated CDR network remove has built globally. 

During this time, remove and its collaborators will provide extensive support and guidance to assist these founders in scaling their ideas, which includes access to personalized coaching sessions on topics like fundraising and monitoring, CDR policy and tracking, reporting and verification.

India poised for a green boom

Forecasts from the Carbon Removal India Alliance (CRIA) suggest the nation’s economy could flourish from a windfall of $90 billion from CDR credit sales alone. 

Additionally, growth in the CDR sector in India could generate over 500,000 jobs annually and support the removal of 0.9 gigatons of carbon from the atmosphere on a yearly basis, equivalent to 30% of the total global demand for long-lasting carbon removal by 2050.

India also stands to gain environmentally from CDR, with estimates suggesting it could lead to a 20% increase in agricultural yields, thanks to CDR technologies such as biochar and enhanced rock weathering (ERW). 

CDR also offers the benefits of improving soil health and reducing reliance on chemical fertilizers. remove is in positive discussions with local partners like CRIA to ensure effective integration within the Indian ecosystem.

Relevant: 95% Of remove Startups Are Still Active And Making A Difference

Hans Westerhof, MD and Co-Founder of remove, commented on the announcement: “Millions of Indians feel the brunt of climate change every day, suffering the consequences of a problem they have not contributed to.” 

“Building CDR solutions addresses the challenge head-on, whilst at the same time opening opportunities for local value creation, job opportunities and healthier agricultural and natural ecosystems,” Westerhof said.

Applications for the pilot program are now open with a deadline of August 25, 2024.

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