Net zero company secures $5. 5m to revolutionize carbon removal with blockchain technology

Net Zero Company Secures $5.5M to Revolutionize Carbon Removal with Blockchain Technology

Last Updated: June 26, 2024By

Net Zero Company is spearheaded by CEO Håkan Nordkvist, who brings over a decade of experience as the former Head of Sustainability Innovation at IKEA Group. He also serves as an advisor for The Canopy accelerator at the University of Cambridge and The Core Climate Fund. Another notable advisor to Net Zero Company is Lord Ed Vaizey of Didcot.

Established in 2022, the company was co-founded by a diverse team of experts: carbon market lawyer Dr. Peter Ebsen; Swedish entrepreneur Anders Forsberg, a pioneering partner in Wanda Group; Robin Stenman, founder of the rapidly expanding IT firm Tourn International; serial tech entrepreneur Robin Bäcklund; and forest equity specialist Carl Johan Krigström. In its quest to revolutionize carbon removal solutions, Net Zero Company has forged strategic partnerships with industry giants such as Microsoft and Metaco/Ripple.

Innovative Carbon Removal Solutions

Net Zero Company is committed to advancing the transition to a sustainable, carbon-neutral future through its cutting-edge carbon removal solutions. The company’s mission is to harmonize nature and technology, focusing on blockchain for secure and transparent carbon credit transactions. It specializes in nature-based carbon removals, emphasizing environmental integrity and social responsibility.

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The centerpiece of their innovation is the Carbon Removal Token (CRT), a secure and verifiable asset backed by premium Carbon Removal Projects. Developed on the Ethereum blockchain, the CRT offers indisputable proof of environmental impact, bolstering both credibility and accountability. The CRT enables individuals and organizations globally to purchase carbon removals, democratizing climate action.

CEO Håkan Nordkvist articulates the company’s vision: “Achieving net zero is non-negotiable; while emission reduction is vital, we must also explore innovative solutions. Our commitment lies in delivering top-tier, nature-based carbon removals that are both risk-free and user-friendly. We aim to democratize access to carbon removals by utilizing blockchain technology to digitize carbon removal credits. With escalating emissions and rising temperatures exacerbating environmental degradation, the demand for effective carbon removal solutions is more critical than ever.”

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Strategic Insights and Future Prospects

Advisor Lord Vaizey of Didcot underscores the urgency of systemic reevaluation: “Mitigating global heating effects necessitates a comprehensive approach, and carbon credit systems provide a practical solution for companies of all sizes. Collective action is imperative, and Net Zero Company’s initiatives represent a significant stride towards this goal.”

The infusion of $5.5 million will bolster Net Zero Company’s efforts to innovate and scale its solutions, reinforcing its role as a transformative force in the carbon removal sector. By leveraging blockchain technology, the company is poised to set new standards for transparency and efficiency in carbon credit transactions, making meaningful strides towards a sustainable, carbon-neutral future.

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About the Author: Eunji Lim

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