WEBVTT 1 00:00:00.180 --> 00:00:03.450 Axel, you have been a senior partner at BCG, 2 00:00:03.450 --> 00:00:07.710 and now you are building a startup from ground up. 3 00:00:07.710 --> 00:00:09.690 How has this journey been? 4 00:00:09.690 --> 00:00:13.260 Well, the journey started as a typical BCG project, 5 00:00:13.260 --> 00:00:15.750 you know: having an idea, structuring it, 6 00:00:15.750 --> 00:00:19.260 finding the business model, making a deck of slides. 7 00:00:19.260 --> 00:00:22.067 And then you need to confront the reality of, you know, 8 00:00:22.067 --> 00:00:26.130 "I have an idea and I need to test it in the real world." 9 00:00:26.130 --> 00:00:28.680 Reality doesn't bend exactly into the slide. 10 00:00:28.680 --> 00:00:31.320 Why is biochar such a big potential solution 11 00:00:31.320 --> 00:00:32.550 for green growth, 12 00:00:32.550 --> 00:00:35.700 and what does it need to actually scale up in a big way? 13 00:00:35.700 --> 00:00:40.260 The potential, in theory, is gigatons. 14 00:00:40.260 --> 00:00:43.110 Need to find a way to accelerate adoption, 15 00:00:43.110 --> 00:00:45.480 needs to come bottom-up from the farmers, 16 00:00:45.480 --> 00:00:49.290 and be top-down from the people buying the commodities 17 00:00:49.290 --> 00:00:53.940 and saying, "Okay, we want commodities grown with biochar." 18 00:00:53.940 --> 00:00:55.290 But it will take a lot of time. 19 00:00:55.290 --> 00:00:56.700 I mean, it will take decades. 20 00:00:56.700 --> 00:00:58.170 What's the benefit to the society 21 00:00:58.170 --> 00:00:59.670 from the work that you are doing? 22 00:00:59.670 --> 00:01:03.870 Well, we see biochar as bringing a set of co-benefits 23 00:01:03.870 --> 00:01:06.900 to local populations, on top of carbon removal. 24 00:01:06.900 --> 00:01:10.680 We talked about yield, increased yield for agriculture. 25 00:01:10.680 --> 00:01:14.100 It helps basically avoid crops being burned 26 00:01:14.100 --> 00:01:15.453 and air pollution. 27 00:01:16.710 --> 00:01:20.310 We create local industrial jobs in rural areas. 28 00:01:20.310 --> 00:01:22.890 Biochar helps reduce the usage of fertilizers, 29 00:01:22.890 --> 00:01:24.660 hence the pollution of waters. 30 00:01:24.660 --> 00:01:26.550 And there's a number of things like that. 31 00:01:26.550 --> 00:01:29.550 Wonderful. It has so many other advantages beyond, 32 00:01:29.550 --> 00:01:31.680 you know, what started as the carbon removal 33 00:01:31.680 --> 00:01:33.120 as the primary one. 34 00:01:33.120 --> 00:01:34.530 Axel, thank you so much. 35 00:01:34.530 --> 00:01:36.210 It's been a pleasure talking to you. 36 00:01:36.210 --> 00:01:37.356 Thank you, Sumit, for having me. 37 00:01:37.356 --> 00:01:39.939 (gentle music)