Milkywire’s Climate Transformation Fund Goes Above and Beyond for Enhanced Weathering

The perennial question surrounding carbon dioxide removal (CDR) is one of funding. Until recently, this had been especially true of enhanced rock weathering (ERW), where unanswered questions surrounding efficacy and scalability stymied all but the most concerted efforts to fund ERW initiatives. Now, despite the field’s relative immaturity, there has been a windfall in investment opportunities for ERW projects and companies. In May 2024, Milkywire selected 13 projects to support, including Flux and Mati Carbon, through their Climate Transformation Fund. The Climate Transformation Fund is one of five funds in Milkywire’s portfolio. It was ...