Tao Climate’s Revolutionary Carbon Removal Solution Gains Global Recognition in XPRIZE Top 100

Tao Climate is in the Top 100 in the XPRIZE competition

Elon Musk’s XPRIZE Carbon Removal Initiative Selects Tao Climate as One of the World’s Top 100 Most Promising Carbon Removal Companies

Dublin, Ireland – April 25, 2024 Tao Climate, a selected member of the Google Startups for Sustainable Development program, is on a mission to remove a gigatonne of CO2 from the atmosphere by 2030, and use the carbon to build sustainable housing for hundreds of millions of people. Using industrial hemp to remove CO2 from the atmosphere, and hempcrete to build housing, Tao Climate brings a unique and effective Carbon Credit innovation to market. Tao Climate’s Green FinTech platform enables the creation and sale of these world-leading Carbon Credits, which turn carbon compliance from a sunk cost to an asset, a remarkable effect the company calls “Return on Sustainability”.

The company has actively participated in the XPRIZE Carbon Removal initiative since 2021, and achieved all milestones. This Top 100 validation by the world’s leading carbon removal scientists and innovators enhances Tao Climate’s position as a global leader in effective carbon removal. The Tao Climate XPRIZE finalist submission featured a Ukraine hempcrete reconstruction project, in collaboration with Hemp Technology, Ukraine.

“We are thrilled to be recognised by XPRIZE as one of the Top 100 teams leading the charge in carbon removal. At Tao Climate, we are not just developing technology; we are crafting a future where our planet breathes more easily. This acknowledgement reinforces our commitment to pioneering solutions that tackle climate change head-on. Together, with the brightest minds across the globe, we are proving that fast and effective carbon dioxide removal, with multiple co-benefits, is not only necessary but achievable,” said Gary Byrnes, CEO, Tao Climate.

“Being named to the XPRIZE Carbon Removal Top 100 is a testament to the relentless innovation and dedication of our team at Tao Climate. This recognition energises our mission to develop technology that enables scalable and sustainable carbon removal technologies. Every step we take is a step towards a cleaner, more sustainable future for all. We are committed to pushing the boundaries of what’s possible in carbon dioxide removal, ensuring a healthier planet for generations to come,” added Felix Roick, COO, Tao Climate.

Removing gigatonnes of CO2 is one of the most significant grand challenges humanity has ever faced. In order to get to that magnitude of removal we need a mosaic of solutions removing CO2 from our air and oceans. Check out the XPRIZE Carbon Removal Top 100 Teams Book, which highlights teams that represent a new generation of promising solutions across a huge range of carbon removal pathways. Tao Climate is proud to be one of the XPRIZE Carbon Removal Top 100 Teams. Learn more about our first-of-its-kind carbon removal solution as we continue our journey towards removing carbon dioxide at gigatonne scale.

You can view a video of our XPRIZE Carbon Removal project in Ukraine here: https://youtu.be/iVQlUEkHu8w

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