Tag: CUR8

New deal demonstrates opportunity to scale finance for carbon removals

Stuart Mitchell

Standard Chartered, British Airways, CUR8, CFC and WTW recently announced the completion of a global first transaction to unlock finance for UNDO, a UK-founded carbon removal project developer specialising in enhanced rock weathering. The breakthrough transaction, which specifically provides debt financing for UNDO, now paves the way to scale finance for Carbon Dioxide Removal (CDR) projects elsewhere. The precise and novel structure of the transaction helps to overcome significant barriers when providing finance to carbon removal project developers like UNDO. It separates the cost of a project from the sale…

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First-Of-A-Kind Pilot For Financing Carbon Removals Launches In Partnership Between CUR8, UNDO, British Airways And Standard Chartered

Stuart Mitchell

CUR8, a UK-based company dedicated to building the global market for carbon removals, in partnership with UNDO, a UK-founded, world-leading carbon dioxide removal project developer specialising in enhanced rock weathering, British Airways and Standard Chartered have launched a first-of-a-kind financing pilot to help scale up the carbon removals market. Financial solutions of this kind are a crucial step in enabling the carbon removals market to reach the multi-billion-tonne scale required, according to the IPCC, to limit global warming below 1.5 degrees. Carbon removal is the process of removing carbon dioxide…

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