Tencent has unveiled the second phase of its CarbonX Program, a global initiative to fast-track the development of climate technologies deemed crucial to achieving Net Zero emissions by 2050.
Building on its China-focused first phase, CarbonX 2.0 will extend its scope internationally, offering catalytic funding and resources to support new projects.
With an estimated 75% of required decarbonisation solutions still reliant on emerging technologies, the programme targets four critical areas: carbon dioxide removal (CDR), long-duration energy storage (LDES), carbon capture, utilisation and storage (CCUS) for the steel industry, and carbon-to-chemicals innovation through the CarbonXmade consortium.
The initiative aligns with Tencent’s “Tech for Good” mission, fostering advancements to meet the climate targets outlined in the Paris Agreement.
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