US EditionCompany’s Carbon Credits Raise Questions About Unproven Ocean Technology to Fight Global Warming
- Gigablue, an Israeli startup formed three years ago, announced it sold 200,000 carbon credits this year to fund its ocean carbon removal technology.
- The company claims its particles trap carbon at the ocean floor without releasing iron directly, denying links to controversial iron fertilization banned by many countries.
- Gigablue began ocean trials last year, plans more particle releases this fall, and has arranged further research expeditions in New Zealand amid scientific concerns.
- Co-Founder Ori Shaashua stated that each ocean deployment produces a substantial number of carbon credits, and the company aims to capture 10 metric tons of CO2 for every ton of particles released.
- Outside scientists question the technology's effectiveness and transparency, but buyers like event organizer Jimmy Pallas trust Gigablue, having purchased credits to offset emissions for recent events.
24 Articles
24 Articles
Ocean technology startup that sold 200,000 carbon credits faces scientists’ doubts: 'Trust us, it sinks'
The startup Gigablue announced with fanfare this year that it reached a historic milestone: selling 200,000 carbon credits to fund what it describes as a groundbreaking technology in the fight against climate change. Formed three years ago by a group of entrepreneurs in Israel, the company says it has designed particles that when released in the ocean will trap carbon at the bottom of the sea. By “harnessing the power of nature,” Gigablue says, …
Associated Press News
Company's carbon credits raise questions about unproven ocean technology to fight global warming
A startup called Gigablue claims to have reached a milestone by selling 200,000 carbon credits for its ocean-based carbon capture technology.
Turning Tides: Israeli Startup’s Midway Project Tackles Carbon in the Ocean
This technology helps heal the world’s oceans by reducing acidification caused by excess carbon dioxide. Shula Rosen As the world’s oceans face threats, an Israeli startup may have the solution. CarbonBlue, founded in 2022 by Dr. Dan Deviri and Iddo Tsur, has unveiled “Midway”—a carbon removal project designed to demonstrate that industry can not only reduce its environmental footprint, but also actively contribute to reversing climate change. T…
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