- Rothschild & Co has announced a carbon credit purchase agreement with Capture6.
- This partnership aims to support scalable carbon removal technologies with additional social benefits.
- The long-term agreement aligns with Rothschild & Co's commitment to neutralize all operational emissions by 2030.
- Capture6 operates in California and New Zealand and focuses on both carbon removal and decarbonization solutions.
- Their process utilizes wastewater brine to capture CO2, helping reduce carbon emissions while generating fresh water.
- This approach addresses water scarcity and requires minimal inputs for CO2 capture.
- Capture6's CEO emphasized the importance of financial support from Rothschild & Co for advancing their projects.
- The partnership aims to showcase a path to large-scale carbon removal integrated with climate resilience efforts.
Rothschild & Co and Capture6 announce long-term carbon removal partnership
11/18/2024
We are pleased to announce Rothschild & Co’s carbon credit purchase agreement with Capture6, a carbon removal project developer.
"Through this multi-year partnership with Capture6, we have an opportunity to support carbon removal technologies with promising signs of scalability and strong benefits beyond carbon removal. This long-term agreement forms part of Rothschild & Co's balanced portfolio approach to carbon compensation, supporting our commitment to effectively remove an equivalent amount of CO2 for all our residual, unavoidable operational emissions by 2030, in addition to our own decarbonisation targets", said Anne Imbach, Group Head of Sustainability at Rothschild & Co.
Based in California and New Zealand, Capture6 is one of the few companies on the market pursuing joint removal and decarbonisation solutions in partnership with water treatment facilities through repurposing existing industrial-scale technologies. The Capture6 process uses wastewater brine to capture CO2 from the atmosphere. This not only helps to remove carbon emissions and decarbonise the industrial processes related to waste water, but also produces fresh water for local communities, addressing water scarcity issues whilst requiring minimal inputs to capture CO2.
"We are thrilled to have agreed this carbon removal purchase from Rothschild & Co to help advance our projects. This financial support is critical for our projects and, we believe, to demonstrate a pathway to gigaton-scale removal that is complimentary to decarbonization and climate resilience building efforts" said Ethan Cohen-Cole, CEO of Capture6.
.svg)
