Request for Proposals: Permanent Carbon Removals

Planet2050 recognizes that both reducing and removing emissions are required for a Net-Zero aligned pathway.

This is why they build and invest in a diversified portfolio of high-integrity carbon projects able to generate revenue from superior carbon credits while also unlocking value from sustainable materials, energy and decarbonization services.

Investment Areas

• Planet2050’s four core investment areas are:
  • Permanent Carbon Removals
  • Nature-Based Solutions (incl. nature-based removals)
  • Super Pollutants
  • Sustainable Energy & Infrastructure

Investment Terms

• Single investments up to 2M€ per single project
• Early-stage projects can apply for funding of initial phases (feasibility, certification preparation, etc)
• 3-5 projects to be selected in September-October, 2025
• Pre-financing based on carbon streaming or forward agreements, depending on the financing requirement and conditions. Equity investment can be considered
• Pre-financing usually follows defined milestone
• Direct contracting with Planet2050 as financing partner
• Co-investment alongside other partners is welcome

Eligible Project Types

• For the purposes of this RFP, Planet2050 is interested in technology-based and hybrid Carbon Dioxide Removal (CDR) approaches – with robust social and environmental safeguards that can store carbon dioxide on a permanent timescale (100 years or beyond).
• These include (but not limited to):
  • Biochar Carbon Removals
  • Enhanced-Rock Weathering (ERW)
  • Bioenergy with Carbon Capture and Storage (BECCS)
  • Bio-oil Burial (Geological Storage)
  • Biomass Burial (Direct Storage)
  • Carbonated materials (e.g. construction)
  • Other Mineralization types (in-situ, microbial, mine tailings..)
• If your project offers a novel, scalable, and verifiable method for permanent carbon removal, they encourage you to apply, even if it falls outside these specific categories
• While this RFP is focusing on Permanent Removals, they invite project developers in other work areas to apply through the same Onboarding Form for consideration on a rolling basis.

Eligibility Criteria

• Project Stage
  • Early-stage projects between their concept and certification phases or
  • Projects certified aiming to scale and expand their footprint in existing or new countries
  • All project sizes can be generally considered
• First Issuance
  • Projects that can issue their first credits within 6 to 24 months
• Geography
  • There is a clear path and policy in your country of activity regarding carbon rights and international agreements
  • Your country is not part of the EU sanctioned countries
  • Projects in countries flagged for grave human rights issues or political instability must demonstrate a credible mitigation strategy, and as such, the jurisdictions will be subject to enhanced risk screening and oversight
• Permanence
  • Proven at least 100+ years
• Eligible Standards
  • ICROA-accredited standards : Verra, Gold Standard, Isometric, Puro. Earth, Carbon Standard International, Riverse, Global Carbon Council
  • Other standards if they have applicable, recognized CDR methodologies
• TRL
  • Technology Readiness Level at least 7
  • It means that at least a prototype is demonstrated in an operational environment
  • It excludes Direct Air Capture and certain CDR methods still at R&D stage
• Transparency
  • Adherence to robust digital Monitoring, Reporting and Verification
  • Willingness to innovate with advanced data integrations and verification
• Sustainable sourcing and end-use (matrix) safety
  • Ensure compliance and sustainability in sourcing of project inputs (e.g. biomass, minerals) that aligns with domestic and international best practices (e.g. EU-RED II)
  • Additionally, all materials must be rigorously screened to ensure they do not pose environmental, agronomic, or human health risks in their intended end-use applications
• Implementation model
  • Direct relationship to project developers with no or less intermediaries are favored
  • Clear path to scale and optimize cost towards €100/tCO2e and below
• Compliance
  • Adherence to highest standards of integrity, health and safety, legality4, and respect of the environment
  • demonstrate strong governance, transparent data and chain-of-custody systems
  • Compliance with local and international regulations and standards (wherever applicable) including third-party verifications
  • Deliver high-integrity climate impact through additionality, permanence, and safeguards against double counting and reversal
  • Ensure inclusive community engagement, including fair benefit sharing, respect of Indigenous rights and adherence to FPIC principles when applicable
• Documentation
  • They invite you to share relevant presentations and pitch documents through the Form upload section as they can support contextual understanding
  • Short-listed projects will be required to submit proper documentation subject to confidentiality agreement in the second phase

For more information, visit Planet2050.