Inherit and Storebrand signed carbon removal purchase agreement
Oslo, Norway. Feb 20, 2024 – Storebrand, a leading Nordic financial institution, purchases carbon removal credits from Inherit Carbon Solutions.
The purchase agreement solidifies Storebrand's dedication to global climate efforts .
By leveraging waste-water and food waste for the purpose of carbon removal, Inherit Carbon Solutions employs a sustainable and effective solution that not only addresses carbon emissions but also contributes to the responsible management of waste. To achieve this, Inherit Carbon Solutions partners with biomethane facilities that not only treat organic waste, but also creates a valuable source of renewable energy.
"We are committed to achieving net zero emissions both in our investments and own operations. Obviously, the most important action is to reduce carbon emissions. However, we also require credible carbon removal initiatives to offset the emissions we have, and Storebrand has compensated for own emissions since 2008. We are pleased to partner with Inherit to enhance our carbon removal initiatives. We recognize the importance of collective action in addressing climate challenges," said Margrethe Assev, Chief Sustainability Officer.
"We are proud to support Storebrand in their commitment to sustainability. By working together, we are proving that impactful solutions are within reach when industry leaders unite in the important work to reduce carbon emissions." - Mike Carpenter, CEO and Co-founder, Inherit Carbon Solutions
About Inherit Carbon Solutions
Carbon removal doesn’t have to be energy intensive or to compete with arable land to grow food. It also doesn’t have to be at a small scale. We can remove gigatons of CO₂ and store it for 1000+ years. Our co-founders, Kaja and Mike, met while assessing opportunities for Carbon Capture and Storage (CCS) from biomethane production. They discovered that the technology is here and began working to implement the commercialization and implementation.
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