Applications Invited for the Milkywire Climate Transformation Fund 2025
About the Organization
Founded in 2018, Milkywire was born from a deep-seated urgency to extend funding for the battle in opposition to local weather change and the safety of biodiversity. Our mission is obvious: to empower companies to take monetary duty for their environmental affect, aligning with international targets for local weather and biodiversity.
We imagine in the energy of affect over empty guarantees. That’s why we prioritize options that ship the most significant, long-term advantages—as a result of at Milkywire, we don’t simply speak about change, we make it occur.
We join companies with main portfolios of high-quality local weather and nature initiatives delivering substantial and significant affect. Our portfolios, aligned with frameworks like the Science Based Targets initiative (SBTi), are developed by high scientific specialists and canopy key themes comparable to carbon removing, reforestation, nature safety, coverage, advocacy, and extra.
Designed for most affect and minimal danger, our portfolios present an efficient and diversified method making certain your investments drive important optimistic change. With our platform, companies obtain clear affect experiences, communication instruments, and buyer engagement options, making it simple to see and share the optimistic results of your contributions.
About the Grant
The Milkywire Climate Transformation Fund (CTF), launched in 2021, is a charitable fund that helps pioneering initiatives wanted to achieve international web zero. Our ambition is guided by an impact-first method, which means we wish to assist options with the best anticipated long-term local weather affect.
Over the previous 4 years, the CTF has allotted over $14 million to 49 pioneering initiatives, supported by main company companions comparable to Klarna, Spotify, and Bolt. Together, we intention to drive transformative change and ship measurable local weather outcomes.
The fund has three pillars, sturdy carbon removing, emission reductions and nature restoration and safety. Currently, the 2025 name for proposals is open for sturdy carbon removing.
Scaling carbon removing applied sciences: –
Our method to buying carbon removing via the Climate Transformation Fund focuses on maximizing the long-term potential of CDR as a key local weather resolution. We give attention to the catalytic impact of our buy and goal promising, sustainable options that match effectively into the broader system required to realize international web zero.
We need our catalytic CTF purchases to allow CDR suppliers to:
- Develop and show notably promising new CDR strategies in real-world functions, or
- Scale up an current methodology or follow in a means that’s extra sustainable, value/resource-effective, or delivers larger co-benefits than present options, and/or
- Contribute to CDR ecosystem-wide advantages, comparable to advancing scientific information of a technique or unlocking new geographies for implementation.
What we don’t fund on this pillar:
- Short-term carbon storage, or storage with a excessive danger of reversal.
- (Carbon saved in residing biomass is addressed in our pillar Nature safety and restoration alternatives).
- Removal of different greenhouse gases.
- CCS initiatives with seize from fossil carbon, or CCUS initiatives that end in the carbon reemitted.
- CDR ecosystem-related companies (comparable to MRV-providers) that don’t instantly take away carbon.
We are particularly fascinated with initiatives that assist broaden the CDR ecosystem and complement the 27 CDR initiatives now we have supported to date, and people who have important co-benefits.
We wish to make pre-purchases of carbon removing with partial or full funds and should not have the capacity to signal longer offtake agreements, though supply of the removing credit can happen over a number of years.
Carbon removing purchases will probably be made each by the WRLD Foundation, utilizing funds donated for the CTF, and by Milkywire AB on behalf of corporations in search of to buy credit from suppliers chosen for the fund.
In earlier years, particular person purchases ranged from $150,000 to $300,000 in whole per CDR provider. For 2025, sums could also be larger for some choose suppliers.
We additionally encourage the suppliers we work with to share their learnings with scientists or the public. In some instances, it’s a requirement. For instance, we require our Enhanced Rock Weathering suppliers to contribute knowledge to the Cascade ERW Data Quarry.
How to Apply
All submissions are confidential, although aggregated knowledge could also be printed for transparency. For questions, please contact: local weather@milkywire.com.
- Submit Interest: Complete a brief type (ought to take 30-60 minutes).
- Evaluation: Selected candidates will probably be invited to submit an in depth application.
- Final Selection: Proposals bear rigorous analysis by our group and advisory group.
Timeline:
- Dec. 13, 2024: CDR Call for proposals opens.
- Jan. 19, 2025: Submission deadline.
Submit your proposal for a durable carbon removal project
For extra data please check the Link
Applications Invited for the Milkywire Climate Transformation Fund 2025 FUNDING FUNDING OPPORTUNITIES