The world is beginning to use financial tools and private sector innovation to tackle the challenge of climate change. And in doing so, we are creating a new and profitable sector of the economy – the carbon economy.
Within this new economic sector, companies buy, sell and trade carbon. Some companies buy carbon waste from industry to turn it into clothing or other products, while others act as a carbon sequestration service to capture the emissions of a highly polluting industry on-site. And then that company might even employ another company for its own carbon storage needs. Over time and with the emergence of new technologies and sub-sectors, many other models that I can’t currently imagine will likely emerge, creating new job functions, career paths and companies as a result.
The interactive map serves as a coordination tool and helps carbon dioxide traps, users, removers and storers to find each other.
And the Department of Energy’s new Carbon Matchmaker tool is an important resource for boosting this burgeoning new economy. The interactive map serves as a coordination tool and helps carbon dioxide traps, users, removers and storers to find each other. The map helps visualize the current carbon supply chain in a region and allows companies to identify the most fruitful carbon management partnerships in their area.
Carbon companies can fill out a form to add themselves to the map, giving potential partners more visibility. The DOE expressly states that the data on the map is self-reported and no companies appearing on the map are verified or endorsed and that it is not an exhaustive resource for any carbon business. You also cannot contact the companies through the tool, so DOE recommends contacting the companies directly. So find your perfect carbon match.
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