11/18/2023 0 Comments Top carbon capture stocks![]() ![]() 2020 is on track to go down as the hottest year ever recorded. The sad truth is that this kind of poignant anecdote will, I believe, become more and more familiar to each and every one of us in the coming generations. The fact that this vanguard in the world of climate change mitigation has become a climate change refugee is a painful and telling irony. Postscript: In a cruel twist of fate, the week that Saez Gil finalized the investment with Amazon, BEV, and others, his home – situated in the beautiful forests of northern California – was burned to the ground by the well-publicized forest fires there. Saez Gil, BEV, and I all know that human civilization needs to exercise all its ingenuity and adaptability to survive and thrive into the 21st century – doing so requires innovative ideas and efficient, well-incentivized markets. The fact that they have found value in what Saez Gil and his colleagues at Pachama are doing is an amazing vote of confidence for the start-up’s vision and methodology. ![]() ![]() This group was started by Bill Gates, and as I began researching climate-related ventures a few years ago, I noticed that every company I found particularly attractive and interesting had received funding from BEV.īEV seems to be enormously well-informed regarding the state-of-the-art technology in climate change adaptation and mitigation and far-sighted in the kinds of projects it supports. While the Amazon AMZN fund is what might attract most people’s attention, my ears perked up when I heard the name BEV. Luckily, just as business was exploding, Saez Gil announced that he had succeeded in garnering $5 million in working capital from nearly a dozen investors, including several very prominent funders, Amazon’s Climate Fund and Breakthrough Energy Ventures (BEV). Pachama's software routines count trees in minutely-defined geographical areas, all from satellite. Some fast growers actually flame out for want of working capital at this stage. Supporting three times as many clients at the end of the year as you supported at the beginning of the year means you have to ramp up hiring, purchase new equipment and services, and spend more time making sure you are delivering on your promises. Working capital – the cash required to support a business from day to day – is one big problem faced by a company growing as quickly as Pachama is. Having a major carbon registry give Pachama its official nod will be an enormous game-changer for the markets and in turn for our civilization, since so many of the frictions involved in approving and monitoring projects will be removed. It’s hard to overstate how important this news is to the development of a robust and influential voluntary carbon credit market. When I spoke with Pachama’s founder and CEO, Diego Saez Gil, a few weeks ago, he told me that his company’s client count had roughly tripled in less than a year and that he was on track to have Pachama technology approved as a primary certification and verification methodology by at least one of the big carbon registries within about another year. ![]() This kind of innovation clearly removes the enormous cost involved in manual surveys of forest stands and, if implemented on a wide basis, would help to contribute to carbon credit markets through reduced compliance costs and increased transparency.Īpparently, your correspondent is not the only one who thinks so. analyzed for carbon capture potential by the company's machine learning algorithms. Satellite imagery of a forested swamp area as viewed by Pachama's machine vision software and. ![]()
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