A JOINT WHITE PAPER BY

Closing the Climate Financing Gap

How revenue financing can unlock upfront capital against contracted demand.

Demand for carbon removal has grown 417-fold since 2022, but the capital to deliver it hasn’t kept pace. Drawing on one of the first non-recourse debt facilities in enhanced rock weathering, this paper shows how revenue financing turns contracted demand into upfront capital, and what lenders need to make it work. A practical blueprint for developers, buyers, lenders and insurers.

24 PAGES · PDF · 19.8 MB

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AT A GLANCE

Demand for carbon removal is increasingly visible. Supply, however, remains constrained.

417x

growth in contracted durable carbon removal since January 2022

$100B

illustrative annual market from removing one gigatonne a year at $100 per tonne

64%

of carbon removal founders say access to project capital has worsened

White paper page: contracted demand has outrun delivery by roughly 30 to 1

White paper page: offtake and financing structure before and after the debt facility

White paper page: A Blueprint in Practice, the InPlanet transaction

WHAT'S INSIDE

From one transaction to a financing market

We start with the climate financing gap: why record demand for carbon removal hasn’t turned into capital to build. The paper then looks at what unlocks lending, from the quality of offtake demand to how risk is transferred, and walks through the InPlanet transaction step by step. It closes with the conditions for applying the model more widely, and what it takes to move from one transaction to a financing market.

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