Of all philanthropy globally, only a couple percentage points go to climate in general. And of that couple percentage points, only something like 2% of climate giving is dedicated to carbon removal.
The problem is, we need to fund several gigatonnes of carbon removal per year by 2050 to combat climate change. And that’s going to cost hundreds of billions of dollars.
So, how do we encourage governments, corporations and philanthropists to support carbon removal? How might the average person make a tax-deductible donation to fund carbon removal?
Alex Roetter is Founder of Terraset, a new nonprofit climate fund that uses private philanthropy to invest in carbon removal projects.
On this episode of Reversing Climate Change, Alex joins Ross to explain how the underfunding of carbon removal inspires his philanthropic work, and why reducing emissions alone is not enough to curb climate change.
Alex discusses the well-known donors and carbon removal providers Terraset is working with and describes the criteria his team uses to evaluate the projects they choose to fund.
Listen in to understand how giving to a 501(c)(3) makes your dollars go further and learn how to make your own tax-deductible carbon removal purchase through Terraset.
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