The one-year accelerator programme aims to scale technological and nature-based solutions such as afforestation, direct air capture, biochar, and bioenergy-based carbon capture and storage. In the first stage, Munich Re and ERGO will support five teams in breaking into the carbon removal industry through funding, exchange of knowledge with their internal experts and dedicated mentoring.
“To tackle climate change, carbon removal is an extremely important issue. Without these technologies, we will not reach the targets of the Paris Climate Agreement,” explained Michael Menhart, Head of Economics, Sustainability and Public Affairs at Munich Re the motivation for the corporate’s commitment.
The start-ups that already participated present themselves here.