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ANALYSIS & RESULTS 52 Philanthropies that have funded carbon removal and related projects said that many of these grants were motivated by goals beyond carbon removal. In fact, most of the grants to biological carbon removal projects were primarily funded by the agriculture, economic development, or general environment divisions of philanthropies — not the climate divisions. These projects were motivated primarily by climate adaptation, ecosystem services, and/or economic development benefits they provided in addition to their carbon removal benefits. The small cluster of philanthropies that did support high-level policy work for large-scale CCS was moti- vated largely by the belief that CCS technology held the most potential as a fossil energy CO2 emissions abatement technology — not as negative-emissions carbon removal solution. This group viewed nega- tive-emissions energy systems like bioenergy with CCS and direct air capture and sequestration as less urgent priorities than capturing CO2 at existing fos- sil-fired systems. Pictured: Biochar has the potential to store CO2 that would have previously been released during plant decomposition. Source: K.salo.85 via WikimediaPDF Image | Philanthropy Final Report
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