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Published: Oct. 21, 2022, 8 a.m.

Does the carbon removal tech you\u2019re developing have a shot at being cost-competitive in the real world? How might you reduce the cost of a given CDR technology? And how do you convince government funders or investors that your carbon removal idea is viable?

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A techno-economic assessment or TEA answers these questions.

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So, what is involved in conducting a techno-economic assessment? And how might it help a startup improve the economic performance of its climate tech and maximize its impact?

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Grant Faber is Founder and President of Carbon-Based Consulting, a firm that offers techno-economic assessments, early-stage emissions accounting, and market research for startups, investors, and environmental nonprofits in the CDR and CCUS space.

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On this bonus episode of Reversing Climate Change, Grant joins Ross, Siobhan, and Asa to explain why an understanding of economics is crucial in carbon removal and how a TEA helps us determine the cost per tonne of carbon removal.

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Grant walks us through the concept of learning rates, discussing why different technologies have different learning rates, and how founders might apply these principles to reduce costs.

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Listen in for insight on the potentially arbitrary nature of life cycle assessments and learn how Grant can help your organization accelerate the commercialization of carbon removal technology.

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Connect with Nori

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Purchase Nori Carbon Removals

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Nori's website

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Nori on Twitter

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Check out our other podcast, Carbon Removal Newsroom

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Carbon Removal Memes on Twitter

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Carbon Removal Memes on Instagram

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Resources

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Carbon-Based Consulting

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Grant on LinkedIn

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Air Miners

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Global CO2 Initiative

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Global CO2 Initiative TEA Guidelines

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AssessCCUS

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Research by Jessika Trancik

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Research by Greg Nemet

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\u2018Factors Affecting the Cost of Airplanes\u2019 in the Journal of Aeronautical Sciences

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\u2018Evaluating the Causes of Cost Reduction in Photovoltaic Modules\u2019 in Energy Policy

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'I, Pencil'

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Research by J. Doyne Farmer

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