We're joined by Karan and Shashank.
Shashank, tell us what you're doing at Heirloom.
Sure.
At Heirloom we are trying to build a technology that can pull
billions of tons of carbon dioxide from the atmosphere to
not just mitigate climate change, but actually reverse it
one day.
So, you know, we're specifically working on a low-cost,
limestone-based approach to pull carbon.
You know, limestone has this natural ability to pull carbon
from the air.
We are building technology that basically gives limestone
superpowers so you can capture carbon much, much faster at a
much larger scale.
That's incredible to actually reverse climate change.
Exactly right.
You know, it's, according to IPCC,
We can't just decarbonize.
You know, we have to decarbonize everything, right?
We have to do aviation, shipping, concrete, steel,
agriculture.
You have to decarbonize as much as possible.
But we still have 10 billion tons of CO2 that's still
remaining to get to net zero.
And the way we get there is to remove it from the air.
What policies and finance mechanisms are really driving,
and also scaling, climate tech?
Yeah, of course.
What we need to see is a move from the voluntary market, where
people are choosing to pay for removing carbon dioxide, to
something where it is mandated.
That's how we will get to the gigaton scale that Shashank
mentioned.
And we're looking at things like emissions trading schemes where
you basically allow companies to emit up to a cap and then there
are very harsh penalties or limits to what they can actually
emit and they can figure out amongst themselves who does
what.
There are also things like border adjustments, where if a
high carbon-intensity product is coming into the country, there's
going to be some fines or taxes associated with that.
Lastly, a lot of industry groups are looking at ways to promote
the industry as a whole so that no one player is individually
disadvantaged.
Karan, Shashank, thanks very much for joining us.
Thanks for having me.
Thank you.