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ANALYSIS & RESULTS 49 DEFINITION 2 - POTENTIAL Widening the definition of carbon removal funding to include grants poten- tially supporting, but not primarily moti- vated by, carbon removal, the data show that philanthropic funding jumps to an average of $2.3 million per year (Figure 17: $15.8 million across 156 total grants in the analysis time frame). Funding for biological methods still comprises all of the funding. Biochar leads the funding distribution, with about 50% of carbon removal funds allocated to its develop- ment. Carbon sequestering agriculture becomes an increasing percentage of funding once this definition is expanded, suggesting that funding to carbon farm- ing may often be motivated by co-bene- fits rather than carbon sequestration. Figure 17. Dedicated + Potential Carbon Removal 4713A+7++14+19+ DEFINITION 3 - PATHWAY Under the third and most expansive definition of carbon removal (which includes grants that could help pave the way for carbon removal), the data show an additional yearly average spending of $10.7 million, bringing the total asso- ciated carbon removal funding to an 12% average of $12.9 million per year (Figure 18: a total of $90.6 million over 7 years). These additional projects (including bioenergy, fossil CCS, and avoided de- forestation) can pave the way for car- bon negative technologies by furthering technology, improving communications, and developing the regulatory frame- work needed to support carbon removal solutions (Figure 19). $90.6M Funding Breakdown (2008-2014) 7% 13% Biochar Reforestation Carbon Farming Ecosystems Other 14% $15.8M 47% 19% Figure 18. Total Possible Funding to Carbon Removal Breakdown (2008-2014) 18+12+6+A+30+34 Fossil CCS Avoided Deforestation Bioenergy Potential Dedicated 34% 6% 18% 30%PDF Image | Philanthropy Final Report
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