WEBVTT

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We're joined by Karan and
Shashank.

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Shashank, tell us what you're
doing at Heirloom.

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Sure.

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At Heirloom we are trying to
build a technology that can pull

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billions of tons of carbon
dioxide from the atmosphere to

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not just mitigate climate
change, but actually reverse it

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one day.

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So, you know, we're specifically
working on a low-cost,

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limestone-based approach to pull
carbon.

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You know, limestone has this
natural ability to pull carbon

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from the air.

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We are building technology that
basically gives limestone

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superpowers so you can capture
carbon much, much faster at a

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much larger scale.

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That's incredible to actually
reverse climate change.

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Exactly right.

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You know, it's, according to
IPCC,

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We can't just decarbonize.

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You know, we have to decarbonize
everything, right?

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We have to do aviation,
shipping, concrete, steel,

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agriculture.

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You have to decarbonize as much
as possible.

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But we still have 10 billion
tons of CO2 that's still

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remaining to get to net zero.

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And the way we get there is to
remove it from the air.

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What policies and finance
mechanisms are really driving,

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and also scaling, climate tech?

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Yeah, of course.

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What we need to see is a move
from the voluntary market, where

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people are choosing to pay for
removing carbon dioxide, to

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something where it is mandated.

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That's how we will get to the
gigaton scale that Shashank

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mentioned.

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And we're looking at things like
emissions trading schemes where

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you basically allow companies to
emit up to a cap and then there

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are very harsh penalties or
limits to what they can actually

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emit and they can figure out
amongst themselves who does

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what.

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There are also things like
border adjustments, where if a

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high carbon-intensity product is
coming into the country, there's

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going to be some fines or taxes
associated with that.

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Lastly, a lot of industry groups
are looking at ways to promote

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the industry as a whole so that
no one player is individually

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disadvantaged.

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Karan, Shashank, thanks very
much for joining us.

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Thanks for having me.

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Thank you.