CarbonX
Overview
CarbonX is a pioneering company in the field of carbon removal and mitigation technologies. Initially founded in 2017 and headquartered in Paris, CarbonX has been instrumental in driving permanent carbon removal solutions to address climate change. The company has successfully raised significant funding from investors such as Redstone, Engie New Ventures, and PROfounders. Under the leadership of CEO and Co-founder Paolo Piffaretti, CarbonX focuses on innovative approaches to manage climate risks and promote a sustainable environment.
Recent Developments
- September 2024: CarbonX secured new funding from prominent investors, including Redstone, Engie New Ventures, and PROfounders. This financial backing supports the expansion of CarbonX’s carbon removal initiatives into new regions, while developing science-based tools to accelerate carbon removal industry source.
- December 2024: The official launch of CarbonX 2.0 was announced, with the program focusing on supporting the measurement, reporting, and verification (MRV) of carbon reduction technologies source.
- December 2024: Tencent's CarbonX Program 2.0 was introduced to propel development in climate tech, with a focus on carbon capture and energy storage technologies across global projects source.
- October 2024: CarbonX released the CDR Market Quarterly Review for Q3, revealing an increase in CO₂ removal commitments and highlighting the growth and maturation of the carbon removal market source.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Paris, France |
| Founders | Paolo Piffaretti |
| Key Investors | Redstone, Engie New Ventures, PROfounders |
| Industry | Environmental Tech, Carbon Removal |
Early History
CarbonX began its journey in 2017 with the aim of addressing the growing concerns around climate change through innovative carbon mitigation and removal strategies. The company merged with Zerofootprint®, a program recognized for calculating and offsetting carbon impacts of products and services. This merger marked the beginning of CarbonX’s holistic approach to sustainability, utilizing blockchain for emissions trading and certification processes.
Company Profile and Achievements
CarbonX operates by offering comprehensive solutions to achieve carbon neutrality. Key achievements include:
- Development of the Zerofootprint® program, which balances the carbon impact of products through offsets and certifications.
- Utilization of blockchain technology to ensure transparency and trust in carbon trading and certifications.
- Recognition from notable institutions like the Obama White House and the Clinton Foundation for environmental contributions.
- Establishing partnerships with international organizations for systematic support in carbon reduction technologies.
Current Operations and Market Position
Currently, CarbonX stands at the forefront of the carbon removal industry, providing solutions that help clients achieve net-zero emissions. The company excels in:
- Managing a diverse portfolio of carbon removal projects and technologies.
- Facilitating market growth through strategic partnerships and funding initiatives.
- Enhancing its market position with the introduction of CarbonX 2.0, aimed at accelerating climate tech innovations and supporting global decarbonization efforts.
Conclusion
CarbonX plays a critical role in the transformative journey towards a low-carbon global economy. With recent developments and collaborative efforts, it continues to solidify its presence as a key player in the carbon removal market. By leveraging advanced technology and strategic partnerships, CarbonX is well-positioned to contribute significantly to achieving global net-zero targets.