The Carbon Business Council (CO2BC) is excited to be growing our team. We're hiring a Policy Manager and a Partnerships Manager: learn more about these open positions and please share with your networks. A warm welcome to Julia Roberts, who recently joined our team as an Operations Manager. Looking ahead, we look forward to seeing many of you in San Francisco next month for SF Climate Week. We bring you the latest bite-size news below for a gigaton industry.: new funding opportunities for carbon removal and lots more. 

⭐ We're Hiring! ⭐

Learn more about our open positions for a Policy Manager and Partnerships Manager and apply today! Visit CO2BC's Careers page for additional information. 

💡 Innovator Highlights💡 

Arca secured $8m in funding and key partnerships to scale its technology at Western Australian mine sites. Heirloom and the United Airlines Ventures Sustainable Flight Fund entered into an agreement for the right to purchase up to 500k tons of CDR. Climeworks secured partnerships with TikTok and Two Drifters Distillery to remove over 6k tons of CO2. Boomitra announced that its Northern Mexico Grasslands Restoration Project has been registered by Verra. Isometric recently certified the Biochar Storage in Low Oxygen Burial Environments Module. Kita and Pixxel announced their partnership. Captura published an update on its Ocean Health & MRV Protocol. SeaO2 announced its partnership with Svasek Hydraulics. CEEZER and Celonis announced their partnership. Twelve secured $83m in Additional Series C and project funding. Altitude launched Ascent 1, a 50,000t CDR purchasing facility. Frontier announced a deal with Phlair. CarbonQuest raised $20m. 

⚖️ Policy Highlights ⚖️ 

Internationally, the meeting report of the Fifteenth meeting of the United Nations' Article 6.4 mechanism Supervisory Body was published. In Canada, the government launched a Request for Information (RFI) to engage the industry on procurement options for carbon dioxide removal services. The European Commission released a roadmap for its Clean Industrial Deal. Japan has new targets to cut GHG emissions by 60% by 2035 and 73% by 2040 from 2013 levels as part of its broader plan to hit carbon neutrality by 2050. At the state level, California has been active in carbon removals. The CDR Purchase Bill (SB 643) was recently introduced, the California Ocean Protection Council (OPC) hosted a meeting on Marine Carbon Dioxide Removal Considerations and Bloomberg reported on a California Senate measure (SB 285).

🔈 Intel & Updates 🔈

📌 XPRIZE published an article titled Findings from the Field - XPRIZE Carbon Removal. 

➡️ Watershed released an RFP for one megatonne of carbon removal: applications are due March 31. 

✨ Applications to Frontier are now open. They have two funding tracks for early-stage suppliers and large suppliers. 

🇪🇺 The European Scientific Advisory Board on Climate Change published a new report titled Scaling up carbon dioxide removals: Recommendations for navigating opportunities and risks in the EU.

💡Carbon Unbound published a report titled 2024 CDR Market Insights Report.

📈 Milkywire published an article titled Catalytic carbon removal purchasing: Milkywire’s strategy. 

🛣️ Microsoft published its Progress on the Road to 2030 post that explains why the company will invest more in long-term, higher-impact carbon removal projects.

📊 Gold Standard has announced the approval of three new digital Monitoring, Reporting and Verification (dMRV) pilot projects. 

🚙 The Wall Street Journal published an article titled The Road to Scaling Durable Carbon Removal Will Be Long and Expensive.  

⚖️ The World Wide Fund (WWF) published Carbon Dioxide Removal: Policy Recommendations.

🌏 BCG published an article titled Unlocking the Full Potential in Carbon Markets: Pathways to Growth and Sustainability in Asia. 

🏅Mission Initiative announced student winners of the Smart CDR Competition. 

🗓️ CEEZER is hosting a webinar titled ESG Reporting in Transition — Building Resilient Corporate Climate Strategies on March 25th.

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The Carbon Business Council is an association of today’s innovators leading the charge to restore our climate. You're receiving this biweekly newsletter because you're a friend of CO2BC. Have something you'd like to share? Email us at info@carbonbusinesscouncil.org.