Weekly Roundup September 16

Invert is focused on providing clients and subscribers up-to-date news on net-zero developments, carbon markets, and how many sectors are evolving to meet climate change goals and ESG requirements.

Special Announcement

We’re excited to announce the launch of our brand-new mobile experience, the Invert App. The Invert App allows each user to reduce their carbon footprint while contributing to sustainable carbon reduction and removal projects around the world - all from the convenience of their mobile phone. Start your personal climate journey now on the Apple App Store or the Google Play Store.

Invert Inc. and BC Biocarbon Announce Carbon Credit Streaming Agreement 

Invert has signed an agreement with BC Biocarbon, a biomass waste conversion company, to supply a stream of BC Biocarbon’s high-quality CO2 Removal Certificates (“CORCS”), verified by Puro.earth. The stream will provide the Company with an immediate supply of verified carbon removal credits available to both corporate and individual customers.

Invert Insights: BC Biocarbon’s CORCS are derived from the production of biological charcoal (“biochar”), a charcoal-like material that is safe to be re-used in a variety of climate-positive ways, including land and water treatment, and helping soils to retain nutrients and water. Biochar is very effective at sequestering carbon and storing it for centuries, driving meaningful C02 reductions critical in the fight against climate change.

Australia Passes a Law for Net Zero Emissions by 2050

The Australian Parliament has passed legislation enshrining their climate pledges to cut carbon emissions by 43% by 2030 and to reach net zero by 2050 into law. The 2030 target is 50% more aggressive than the goal set by the previous government and comes after more than a decade of climate policy uncertainty in Australia. 

Invert Insights: Australia joins California in recent legislation enshrining climate targets into law, signaling to the world the gravity of the climate crisis and the action needed. 

CarbonCapture Inc. Announces Five Megaton Direct Air Capture and Storage Project 

CarbonCapture Inc, a modular direct air capture (DAC) system developer, and Frontier Carbon Solutions, a leading carbon storage developer, announced a new partnership targeting to permanently remove five million tons of CO2 annually by 2030. The project, located in Wyoming, aims to be operational by late 2023 and continue to develop over multiple phases through 2030. 

Invert Insights: With the passing of the Inflation Reduction Act comes another significant DAC and storage announcement, highlighting the role policy can play in scaling and accelerating necessary climate solutions.

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