The startup investment climate has been somewhat grim of late.
However, there are some rays of hope shimmering on the horizon.
One such is Eamon Jubbawy.
Backed byLowercarbon Capital and Plural, the investment isone of the largest-ever seed rounds for a climatesoftwarecompany.
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The former will come online later this year, whereas the latterlaunched this morning.
Jubbawy decided to focus on carbon removal having quickly become disillusioned by traditional offsets.
The team is made up of scientists, headed byDr.
However, a brief explanation of the difference between carbon offsets and carbon removals is perhaps in order.
Indeed, several startups are alreadyhard at work in the space.
And this is where Isometric comes in.
This is great for transparency and to counteract greenwashing, but how will the company actually make money?
This will cover all the costs associated with developing protocols, verifying removals, and issuing credits.
Meanwhile, Isometrics science platform is available free-of-charge.
As Jubbawy explained, it is all about cultivating early-stage collaboration and input for suppliers of carbon removal.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
