Global industries are facing increasing pressure to decarbonise their operations by 2050 in order to fulfil net-zero commitments. One essential strategy for offsetting unavoidable emissions is through carbon removals. However, despite the urgency and necessity to reach net-zero targets, the carbon removal industry is still in its early stages and faces challenges that discourage companies from investing in carbon removal portfolios.
CUR8, a climate startup headquartered in London, is building the tools to professionalise and accelerate the carbon removal industry. The platform facilitates the purchase of carbon removal credits from suppliers and constructs carbon removal portfolios that integrate a range of strategies and methods. Currently, with an industry-standard set price of £150 per carbon removal, CUR8 hopes to bring this price down over time as the industry expands, ensuring accessibility for companies of all sizes.
Well on its way to scaling, the startup has raised substantial capital to kick-start its growth plans. With backing from GV (Google Ventures) among others, CUR8 intends to use this funding to grow its team, scale up capacity and further develop its platform in order to play a critical role in helping solve the challenges posed by the current climate crisis.
Steph
Company Specialist at Welcome to the Jungle
