JustCarbon, a pioneering blockchain carbon marketplace that simplifies offsetting carbon emissions and supports high-quality carbon removal projects to combat climate change, has partnered with Nemesis Technologies, the world’s largest digitally securitized venture capital fund.
The Nemesis Deeptech Fund will incorporate carbon offsetting with carbon credits from JustCarbon into every transaction it makes, making all deals fully carbon neutral. It will also leverage on the platform’s footprint to seek further capital deployment.
The Deeptech Fund is built to back entrepreneurial scientists, who design and build the frontier technologies of tomorrow, with a significant striking power on climate technology. Nemesis says that, with technology dominating venture capital and private equity investments, along with a growing momentum of deals taking place in this space, the partnership is a huge positive step forward for global climate action and carbon removal.
“Sustainable investing has failed its very first big test,” says Pierre Mauries, Founder, General Partner and Chief Investment Officer at Nemesis Technologies. “We have spent most of the last five decades running out the clock while gorging ourselves at an all-you-can-eat petrochemical buffet.”
“So, we’ve decided to design the reckoning that is coming. That reckoning is about tangible, measurable, impactful and sustainable actual carbon emission removal and capture technology developments,” says Mr. Mauries. “JustCarbon has created the very digital foundation of that.”
Carbon credits are a vital tool to finance sequestration of the world’s unavoidable emissions by safeguarding existing carbon removal projects while funding the development of new projects.
JustCarbon is the first blockchain-based carbon ecosystem to commoditise carbon dioxide removal using credits derived from the highest-quality, nature-based projects and verified to the highest international standards. JustCarbon makes it simpler and more efficient for both buyers and sellers of credits from these projects to engage with each other.
Offsetting can be accessed through the JustCarbon website. JustCarbon Removal Tokens (JCRs) are also listed on the Digifinex, Coinsbit, Coinstore, The Crypto Climate Exchange, P2PB2B and XT exchanges.
Mr. Mauries says that demand for carbon removal is spiking like never before, with clearer path to commercialization. “Partnering up with JustCarbon is a long-built vision for us at Nemesis, and our goal is straight-forward: We can, and we will zero out our emissions through our portfolio companies, even in industries notoriously hard to decarbonize,” he says.
Mr. Mauries also says that carbon removal means actually grabbing carbon pollution already out there, through breakthrough technologies such as Carbon Capture Use and Storage (CCUS) and Direct Air Capture (DAC). “Carbon is expensive, and removing it from energy, services, goods, ultimately translates into business,” he says.
John Auckland, co-founder and Council member at JustCarbon, says JustCarbon was developed to ensure that climate action is transparent and accessible to increase trust and liquidity, whilst being environmentally sound.
“To be able to integrate carbon offsetting, ensuring that climate action projects remain funded in the future, with such a large and pioneering platform like Nemesis, is one of the many steps forward needed to further fund climate change projects,” says Mr Auckland.
Nemesis Technologies Inc. is a venture capital firm founded by Pierre Mauries, a Japan-based former Carlyle and PwC Private Equity Technology Director. It has announced the launch of Nemesis Hybrid Venture Solutions L.P., a pioneering half-a-billion dollar digitally securitized venture capital investment vehicle, backed by renowned institutional houses and ultra-high-net-worth individuals.
*This article is part of a CQ Digital brand solutions initiative.