Deadline: 19-Jan-2025
The Milkywire has announced its Climate Transformation Fund (CTF) to support pioneering projects needed to reach global net zero.
The fund has three pillars, durable carbon removal, emission reductions and nature restoration and protection. Currently, the 2025 call for proposals is open for durable carbon removal.
Pillars
- Durable carbon removal
- Scaling carbon removal technologies
- Their approach to purchasing carbon removal through the Climate Transformation Fund focuses on maximizing the long-term potential of CDR as a key climate solution. They focus on the catalytic effect of their purchase and target promising, sustainable solutions that fit well into the broader system required to achieve global net zero.
- They want their catalytic CTF purchases to enable CDR suppliers to:
- Develop and prove particularly promising new CDR methods in real-world applications, or
- Scale up an existing method or practice in a way that is more sustainable, cost/resource-effective, or delivers higher co-benefits than current solutions, and/or
- Contribute to CDR ecosystem-wide benefits, such as advancing scientific knowledge of a method or unlocking new geographies for implementation.
- Pioneering emission reduction and nature restoration solutions
- Emission reductions
- This pillar focuses on initiatives that reduce emissions and advance climate policy. They prioritize projects with strong potential for scalability, replication, or creating a catalytic effect. Proposals should aim to:
- Develop or scale innovative technologies that cut emissions.
- Influence climate policy to drive systemic change.
- Demonstrate measurable, long-term impact aligned with their decarbonization goals.
- Nature restoration and protection
- This pillar supports nature-based solutions implemented by non-profit organizations that help adapt to and mitigate the effects of climate change.
Eligible Projects
- Nature restoration and protection
- Eligible projects should:
- Focus on afforestation, reforestation, forest preservation, wetland or mangrove restoration, and similar efforts.
- Present a roadmap for scalability or self-sustainability.
- Combine climate benefits (emissions reduction or CO₂ absorption) with biodiversity conservation.
- Provide co-benefits for local communities, such as improved agriculture or poverty alleviation.
- Prioritize equity by empowering local populations in decision-making.
- Eligible projects should:
Ineligible Projects
- Durable carbon removal
- What they don’t fund in this pillar:
- Short-term carbon storage, or storage with a high risk of reversal.
- (Carbon stored in living biomass is addressed in their pillar Nature protection and restoration opportunities).
- Removal of other greenhouse gases.
- CCS projects with capture from fossil carbon, or CCUS projects that result in the carbon reemitted.
- CDR ecosystem-related services (such as MRV-providers) that do not directly remove carbon.
- They are especially interested in projects that help broaden the CDR ecosystem and complement the 27 CDR projects they have supported so far, and those that have significant co-benefits.
- They are looking to make pre-purchases of carbon removal with partial or full payments and do not have the ability to sign longer offtake agreements, although delivery of the removal credits can occur over several years.
- Carbon removal purchases will be made both by the WRLD Foundation, using funds donated for the CTF, and by Milkywire AB on behalf of companies seeking to purchase credits from suppliers selected for the fund.
- What they don’t fund in this pillar:
Application Requirements
- All submissions are confidential, though aggregated data may be published for transparency:
- Submit Interest: Complete a short form (should take 30-60 minutes).
- Evaluation: Selected candidates will be invited to submit a detailed application.
- Final Selection: Proposals undergo rigorous evaluation by their team and advisory group.
For more information, visit Milkywire.