Climate Vault

About Climate Vault

Climate Vault, Inc. is a nonprofit organization dedicated to reducing carbon emissions and combating climate change. Founded at the University of Chicago, the organization leverages the expertise of leaders in energy, business, and economics, including notable figures like Ernest Moniz, former US Secretary of Energy, and John Deutch, Emeritus Institute Professor at MIT.

Climate Vault operates in the environmental sustainability market, focusing on both individual and corporate clients who are committed to reducing their carbon footprints. The organization provides a unique service by purchasing carbon pollution permits from regulated markets and locking them away in a "vault." Each permit represents one metric ton of CO2 that will not be released into the atmosphere, making the impact of contributions clear and measurable.

The business model of Climate Vault is straightforward yet innovative. It relies on donations from individuals, corporations, and ESG (Environmental, Social, and Governance) investors. These contributions are tax-deductible, as Climate Vault is a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code. The funds are used to buy carbon permits, ensuring that the corresponding amount of CO2 is never emitted. Additionally, Climate Vault supports the development of advanced carbon removal technologies, aiming to accelerate the journey to a carbon-zero future.

Climate Vault makes money primarily through donations and grants. These funds are then used to purchase carbon permits and invest in carbon removal technologies. The organization offers a CO2 calculator for individuals to measure their carbon footprint, making it easier for them to understand and contribute to the cause.

In summary, Climate Vault provides a verifiable and quantifiable method for reducing carbon emissions by purchasing and locking away carbon permits. It serves environmentally conscious individuals and corporations, operating within the regulated carbon offset markets and supporting future carbon removal technologies.