AsiaOne has launched EarthOne, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there. LONDON - Singapore state-owned investment company 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....
LONDON - Singapore state-owned investment company 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.
Trees' ability to absorb climate-damaging carbon dioxide and emit oxygen is central to the world's efforts to rein in global warming, yet the rate of deforestation continues apace and hit a fresh record high in the Amazon last year. 'Photosynthesis enhancement', used for years with crop plants, increases biomass rather than yield so is better suited to carbon markets, where success is measured by how much carbon is locked away, CEO Maddie Hall said.
Living Carbon said it planned to use the money raised to produce up to five million saplings and fund research into new products, despite opposition from campaigners over potential unintended consequences of genetically tweaking trees.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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