Climate Vault Expands Global Reach in Strategic Alliance with Bilancia

CHICAGO, Aug. 17, 2022 /PRNewswire/ — Climate Vault, an award-winning non-profit local weather options begin up based on the University of Chicago, in the present day introduced it has entered right into a strategic progress partnership with Bilancia, one in all India’s quickest rising sustainability consulting corporations.  Climate Vault will grow to be Bilancia’s most well-liked carbon discount answer and Bilancia will promote Climate Vault’s answer in the quickly rising Indian sustainability market.

Climate Vault pioneered a one-stop, market-based built-in carbon discount and removing platform and companions with main organizations to ship not solely the quickest, most credible technique to voluntarily scale back their carbon footprint and obtain carbon neutrality but in addition a driver of business progress, worker recruitment and retention and buyer desire and buy.

“We’re excited to partner with Bilancia to extend Climate Vault’s international reach and to bring our innovative, verifiable and highly-effective market-based solution to India’s massive economy,” stated Michael Greenstone, Co-Founder of Climate Vault and Milton Friedman Distinguished Service Professor of Economics on the University of Chicago, and former Chief Economist for President Obama’s Council of Economic Advisers.  “In just over a year, Climate Vault has already reduced CO2 emissions by nearly 750,000 metric tons and is using the financial value of those reductions to accelerate game-changing carbon removal technologies.  This partnership will allow us to help satisfy the rapidly growing demand from organizations to reduce their carbon footprint in one of the world’s most important markets.”

“Carbon action and meaningful, strategic sustainability programs are no longer optional for today’s modern businesses; they are economic imperatives,” stated Rajas Gupta Managing Director at Bilancia. “We are thrilled to join with Climate Vault and bring their breakthrough solution for carbon reduction and removal to the burgeoning Indian marketplace.  There is enormous need and demand for Climate Vault’s highly transparent, simple and cost-effective approach to helping organizations reduce their carbon footprint. We look forward to partnering with them and scaling their impact in India.”

Named to Fast Company’s 2022 World Changing Ideas checklist, Climate Vault’s options are trusted by main organizations together with Morningstar, TPG, Gemini and Vanderbilt amongst others.  More data on Climate Vault’s progressive method could be discovered right here.

ABOUT CLIMATE VAULT

Climate Vault is a local weather options start-up based on the University of Chicago by former senior White House financial advisor Michael Greenstone and outstanding business leaders.  We ship the world’s first verifiable, built-in carbon discount and removing answer, offering a quick, simple and credible method for organizations and people to realize carbon neutrality. Our market-based answer is concentrated on instantly decreasing carbon footprints by buying allowances from highly-regulated compliance carbon markets and in the end changing these allowances into funding for cutting-edge carbon dioxide removing (CDR) tech that can take away carbon emissions from the environment, perpetually.  Climate Vault’s CDR initiative is backed by a “Technology Chamber” composed of main local weather science specialists, together with former U.S. Secretary of Energy, Ernie Moniz.  Since our launch in 2021, we have been named to Fast Company’s checklist of “World Changing Ideas,” and diminished ¾ million tons of CO2 for our companions, the equal of stopping 72,000 passenger automobiles from driving across the Earth.  Leading manufacturers akin to T. Rowe Price, Vanderbilt University, TPG, Morningstar, Gemini and Danfoss belief Climate Vault to construct tailor-made carbon packages that ship quantifiable outcomes and enduring impression. Visit www.climatevault.org to study extra, calculate your particular person footprint, and assist your group or monetary portfolio attain carbon neutrality.

Contacts

Climate Vault

[email protected]

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