Circular economy and the acceleration of carbon removal
Climate Correction™ - A Climate Change Podcast
Release Date: 03/05/2024
Climate Correction™ - A Climate Change Podcast
In the quest to mitigate climate change, transitioning industries to zero-carbon practices stands out as a paramount challenge. In this episode of the Climate Correction podcast, we delve into this crucial topic with Jeff Rissman, Senior Director of Industry Program at Energy Innovation. Rissman, with his extensive background in environmental science and policy, provides valuable insights into the complexities and opportunities inherent in this transition. At the heart of our discussion is exploring what the zero-carbon industry entails and why it's imperative for combating climate change. We...
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Empowering Youth for Climate Action: Community Solutions in Action Description This panel will focus on the vital role of youth in implementing effective climate solutions within their communities. As the group who is most impacted by climate issues, yet having contributed the least to the problem, centering the voices of youth climate leaders is critical for equity. Highlighting the urgency of climate change, youth climate advocates will share their perspectives on the climate crisis and provide an overview of their climate initiatives to combat...
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Florida's Climate Future: Sunshine State or Stormy Situation? 2:20 PM – 2:40 PM Description Florida families are already weathering the effects of climate change. Recognizing that knowledge is power, this panel will share stories of impact and showcase how this new tool can deepen understanding of how heat, flooding, and volatile energy costs risks vary and compound economic risk across their specific communities and what they can do to take charge of Florida's Climate Future. Check out the tool: Speakers , Environmental...
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Climate Correction™: What Does It Mean to Put a Price on Carbon? This panel will discuss what it means to put a price on carbon, why this is important to drive climate action and provide insights into efforts being made in the U.S. and around the world by governments and businesses. Speakers: Angela Churie Kallhauge Executive Vice President, Impact, Environmental Defense Fund Angela Churie Kallhauge is the Executive Vice President, Impact at Environmental Defense Fund (EDF). Her work is focused on using inclusive processes and economic approaches to...
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Welcome to Climate Correction™ 2024 WELCOME TO CLIMATE CORRECTION™ CONFERENCE 2024: BRIDGING SOLUTIONS, IGNITING CHANGE On March 7-8, 2024, VoLo Foundation proudly hosted the 6th annual Climate Correction Conference in Orlando, FL. As the premier annual climate action conference in the U.S., this event focused on driving innovative solutions to address climate change. “Bridging Solutions, Igniting Change” underscores the collaborative and proactive nature of Climate Correction. It highlights the importance of working together across disciplines and...
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Dr. Mark Hyman, Ph.D., and David S. Vogel come together in this titillating conversation about the impacts of climate and environmental sustainability on human health. We cover topics such as regenerative agriculture, nutrition, animal protein - especially beef and cattle- increases in pollen- particularly PM2.5- and other air pollutants. As always, we take a solutions-focused approach to these issues. If you're seeking cutting-edge research for your health, this is the show for you. Mark Hyman, MD is a practicing family physician and an internationally recognized leader,...
info_outlineWhat do you know about circular economy and the magic of biochar?
A circular economy is an economic system aimed at minimizing waste and making the most of resources. In a circular economy, resources are kept in use for as long as possible, extracting the maximum value from them, and then recovering and regenerating products and materials at the end of each service life. This contrasts with the traditional linear economy model, which follows a "take-make-dispose" pattern.
The circular economy is based on several principles, including designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. It encourages practices such as recycling, reuse, remanufacturing, and the use of renewable energy sources.
Biochar is a type of charcoal produced from biomass (organic matter) through pyrolysis, which involves heating the biomass without oxygen. Biochar is known for its potential benefits in agriculture, carbon sequestration, and soil improvement. When added to soil, biochar can enhance soil fertility, water retention, and nutrient availability. It also can sequester atmospheric carbon dioxide, helping mitigate climate change.
The "magic" of biochar lies in its ability to provide multiple environmental benefits simultaneously. By converting organic waste into biochar instead of letting it decompose, we not only avoid the release of greenhouse gases such as methane, but we also create a valuable soil amendment that can improve agricultural productivity and help restore degraded soils. This aligns with the principles of the circular economy by turning waste into a resource and promoting sustainable land management practices.
This episode breaks this down from an insider’s perspective.
Jason Dodier, Co-Founder of the GRAIN Ecosystem, is a visionary American business professional committed to revolutionizing carbon dioxide removal global project development through digitization, transparency, and increased access to capital. Based in New York City, he played a key role in advancing Energy as a Service microgrid in the U.S., notably contributing to the groundbreaking JFK's New Terminal One Microgrid.
Drawing from a rich and varied background encompassing operations, business development, marketing, and sales management, Jason spent more than a decade living and working internationally in the dynamic landscapes of North America, the Middle East, and Europe with Schneider Electric, SE. His tenure was characterized by a steadfast commitment to hastening climate transformation and advancing energy efficiency all over the world.
Beyond his professional endeavors, Jason co-founded Fountainhead Rhode Island, a forward-thinking non-profit. His dual role as a trailblazer in sustainable energy and a force behind transformative non-profit initiatives reflects his commitment to shaping a more sustainable and progressive future.
Connection to Jason:
Twitter: @J_Dodier
LinkedIn: https://www.linkedin.com/in/jasondodier/
Email: [email protected]
Be sure to check out all the links below to maximize the opportunities available to you in this incredible space.
Regarding biochar, here are the resources we like to reference when looking at the carbon removal market from the historical, current, future, and potential upside opportunities:
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Historical: 2022 Year in Review from an aggregator of Carbon Removal (CDR) transactions - https://medium.com/cdr-fyi/cdr-fyi-2022-year-in-review-d095acd9a1a0
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Pricing: The registry/certifier owned by Nasdaq called Puro Earth, and the associated price index (CORCX / CORCCHAR) - https://www.nasdaq.com/solutions/carbon-removal-marketplace
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Future: BloombergNEF report on Long-Term Carbon Offset Outlook (Full document available for purchase from Bloomberg) - https://about.bnef.com/blog/carbon-offset-prices-could-increase-fifty-fold-by-2050/?ref=ctvc.co
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The Upside: John Doerr estimates that we will need 4 gigatons of removal (8x Bloomberg), equivalent to $560 billion (about $1,700 per person in the US) market size (compared to our conservative estimate of $70 billion (about $220 per person in the US)) - https://speedandscale.com/okrs/6-0-remove-carbon/
Carbon Pricing
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Live Carbon Removal Pricing - https://www.cdr.fyi/
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“A Year In Review”, Carbon Removal Pricing 2023 - https://www.cdr.fyi/blog/2023-year-in-review
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This is the single best overview of what is going on in decarbonization. 200 slides of easily understandable informative graphs: https://www.nathanielbullard.com/presentations
USDA Biochar Grants
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Example Code 808 – California Scenarios (Payment Schedule) – Look for Code 808 to see the payment rate per Cubic Yard, which the NRCS will reimburse a purchaser at - https://www.nrcs.usda.gov/sites/default/files/2022-11/California-EQIP-23-payment-rates.pdf
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Matt Flint speaking about the payment process for farmers working with NRCS at 45:00 (they will prepay or reimburse farmers directly based on the schedule above) - https://www.youtube.com/watch?v=mUskHSSpiTQ
More information on Grain Ecosystem:
We aim to enhance efficiencies, cost-effectiveness, and scalability, expediting swift deal analysis, and delivering high-quality leads within a seamless and digitally driven framework, not to mention, we provide access to vital learnings and materials surrounding how to evaluate CDR and waste-to-value projects like biochar.
Additionally, we recently unveiled a partnership with UBS (which can be very helpful to accelerate the velocity of capital/augment funding options), and Dynamo Energy has identified Grain as a standout Clean-Tech startup to watch in 2024. You can find the complete paper and announcement at this Link.
Here is a Solution Overview Video and a bit of additional resources on Grain:
https://www.youtube.com/watch?v=JYSqNRHxveM --- short overview
Grain Ecosystem (https://www.grainecosystem.com/) is the frictionless workstream platform for carbon removal credits, helping project developers access global carbon markets, which is currently confusing, challenging, and time-consuming. Grain provides software tools that accelerate the processes of testing eligibility, GHG calculation, project profitability, and gaining access to capital. The true north for Grain is to sequester as much carbon as possible while creating high-quality, permanent carbon offsets that enhance the economic viability of the developers and communities that engage with Grain.