Fast Company Recognizes Recapture's Profitable Carbon Capture Model As A World Changing Idea In 2021

Recognized in the LATAM category, the world’s first systems-designed model for carbon removal that makes it profitable for the largest global companies to reach true net zero operations while earning a positive return.

Buenos Aires, Argentina (PRWEB) - Fast Company recognized Recapture for the profitable carbon capture model the company pioneered in 2017. The World Changing Ideas Awards, now in its fifth year, highlights the companies, movements, projects and concepts that are pushing the envelope on creating the most scalable solutions tackling pressing global challenges. Recapture’s Dedicated Carbon Removal System (CRS), which combines multiple negative emissions technologies working in unison, was selected as one of two finalists honored in the Best World-Changing Idea LATAM category.

“We’re looking for ideas that have the ability to change the world, so their potential reach should be large, even if it’s only serving a small number of people right now," says Morgan Clendaniel, Senior Editor at Fast Company and Editor of the Impact section. “We want projects that have well-thought-out plans for how they’ll create their impact—and how they’ll avoid potential negative externalities.”

Recapture, a carbon dioxide removal company with operations in Northwest Argentina, was born out of the need for net zero solutions that help large enterprises mitigate against the risk of global warming without incurring impossible costs. The company develops systems-designed carbon removal projects for emitters that remove 10 times more carbon dioxide (CO₂) than natural solutions on their own. By combining climate smart forestry, with sustainable timber harvesting as a financial mechanism, and direct air capture, Recapture projects are able to permanently remove the a company’s entire carbon footprint while earning the business a positive financial return.

In response to the economic damages from extreme weather, looming regulation and taxes currently as high at $99 per ton of CO₂ (tCO₂) and pressure by institutional investors, one fifth of the world largest publicly traded companies representing $14 trillion in revenues have committed to net zero by 2030. The problem–current carbon market supply cannot support the demand for CO₂ removal of the worlds largest companies. According to David Antonioli, CEO of the leading carbon registry Verra, 142 million tons of voluntary markets carbon credits were issued in 2020. Meanwhile only 14.5 million credits were classified as carbon removal, barely enough to neutralize .1% of the Fortune 500 emissions.

“We are deeply grateful to be recognized by Fast Company. Recapture is more than just a company working on ending the climate crisis. It also our mission to show the world that capitalism and idealism can work alongside one another,” said Philip-Michael Weiner, one of the Founding Partners of Recapture. “We are confidently convening a coalition of the willing who believe that if profit got us into this mess, then profit can get us out. And we invite companies of any size to join us in closing the carbon gap."

Available at recapturecarbon.com, companies can start their net zero journey by requesting emissions-removal allocations in Recapture’s Terra Nova project pipeline. The company is accepting reservations in their flagship project located at Condor Valley in Salta, Argentina until July 15, 2021. For more information on 2022 projects and beyond, please visit http://www.recapturecarbon.com.