LONDON: Singapore's sovereign wealth fund Temasek has led the latest funding round for climate tech firm Living Carbon, which aims to increase the carbon-absorbing ability of trees, the startup's chief executive told Reuters. The biotech's US$21 million Series A round was also backed by the world's biggest
While the chief focus for many is on protecting existing forests and re-planting those that have been cut down, Living Carbon aims to tweak trees' genetic code so that they grow more quickly, lock more carbon away and are more resilient.
"We're focusing not just on increasing the rate of carbon capture, but also preventing it from decomposing and returning back to the atmosphere," she added.Founded in 2019, the San Francisco-based company said its first product, a hybrid poplar tree, had the potential to capture up to 27 per cent more carbon.fund research into new products
Non-profit The Campaign to Stop Genetically Modified Trees said in a report that among the biggest concerns is the"unpredictable, uncontrollable and irreversible nature" of the impact, given tree pollen and seeds could not be contained.
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