As consumers become more eco-conscious, and the impact of global warming continues to dominate headlines, tech and startups are stepping in to help.
Carbon Tech in particular has become a popular way for businesses to minimise their environmental impact. These companies help measure and remove excess carbon from the atmosphere, offsetting emissions and allowing businesses to work towards being net zero.
According to Manhattan Venture Partners, investment in the carbon tech market hit $7.6 billion in 3Q23, showing a lot of investor interest in the sector.
Not only that, but the sector is set to record a CAGR of 13.3% from 2023 to 2032.
Why Are Companies Investing In Carbon Tech?
As consumers are putting more pressure on businesses to reduce their carbon footprint, many companies are investing heavily in carbon capture technology.
These technologies work in a number of ways, including:
- Using AI to reduce carbon emissions and help businesses operate more sustainably.
- Using excess carbon to create new materials or generate energy for other uses.
- Removing CO2 from the atmosphere by planting more trees or creating areas that naturally remove excess carbon from the atmosphere.
What Are Some Of The Most Interesting Companies In Carbon Tech?
Here, we explore a number of carbon tech companies that we think are worth watching. Let’s explore…
1PointFive
1PointGive is a company that removes CO2 from the atmosphere using Direct Air Capture technology.
The company uses its own technology to remove carbon dioxide from the atmosphere and store it underground. The company works with businesses that want to offset their emissions by letting them buy carbon credits, which can then be redeemed against CO2 removal.
CarbonFree
CarbonFree turns captured CO2 into calcium carbonate, a substance which can be used in other industries like construction.
Their goal is to provide solutions that not only let businesses reduce their emissions, but also create a by-product that can be used in other industries. Not only does this help the planet, it also creates a circular carbon economy.
Ecologi
Ecologi is a company that allows businesses to buy credits to put towards carbon capture projects like reforestation.
The company allows businesses to track and find out more about the specific projects their credits are funding, helping them understand their impact. Not only that, but their platform makes it easy for businesses to share their progress with key stakeholders, showcasing their investment in sustainability.
Aker Carbon Capture
Aker Carbon Capture is a company that has developed a carbon capture technology plant that can be used both on and offshore.
Their modular plants, which can be adapted to businesses off all sizes, make it easier for companies to invest in carbon removal. Ultimately, their technology is designed to help companies reach their sustainability goals, helping them decarbonise at a larger scale.
Cnaught
Cnaught is a company that offers businesses affordable, science-backed carbon credits.
With so many companies in the space, Cnaught works to ensure that businesses feel secure in the credits that they’ve bought, knowing they will have the desired impact. The platform also allows businesses to track how many tonnes of CO2 they have removed from the atmosphere, allowing them to communicate their initiative to shareholders.
Senken
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Senken is another company that offers high-quality carbon credits to businesses.
Marketing themselves as the world’s most trusted carbon marketplace, they only invest in projects with maximum impact.
By managing, reporting and tracking the progress of their project, Senken is helping more businesses invest in sustainability with peace of mind.
CarbonEco
CarbonEco has developed technology that allows them to convert CO2 gas into a liquid form.
This allows companies to use their by-product in a number of industries, including farming, transportation and food and beverages.
The company is quickly expanding, allowing them to invest in more innovative and circular carbon capturing.
