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What if one of the most important industries for solving climate change barely exists today? The world is getting better at reducing emissions. Renewable energy is scaling. Electrification is accelerating. Efficiency is improving. But even in the most optimistic climate scenarios, billions of tonnes of carbon dioxide will still need to be removed from the atmosphere every year. In this Earth Set conversation, Fiona brings together three experts working on the emerging carbon removal economy to unpack what that actually means. Codie Rossi, Director of Carbon Management and Markets at the Clean Air Task Force, works on the policy frameworks shaping carbon removal markets. Richard Barker, Partner at Counteract, advises investors and companies on carbon strategy and the realities of scaling climate technologies. Swarnali Mitra, Carbon Finance Director at Q8 Capital, builds portfolios of carbon removal projects for corporate buyers navigating the early market. Together they explore how carbon removal works, why it’s becoming central to climate strategy, and why building this industry could be one of the largest economic transitions of the coming decades. Humanity emits roughly 55–60 billion tonnes of greenhouse gases every year. Most climate pathways now suggest the world will also need 5–15 billion tonnes of carbon removal annually to stabilise global temperatures. Today, we remove only a tiny fraction of that. This conversation explores the gap between those numbers, the technologies trying to close it, and the financial and policy systems that will determine whether carbon removal becomes a defining industry of the 21st century. In this episode you’ll learn Why cutting emissions alone won’t be enough to stabilise the climate What carbon removal actually is and how it differs from carbon capture and offsets Why the world may need billions of tonnes of removals every year How approaches like direct air capture, mineralisation and ocean-based removal work Why carbon removal markets are still at a very early stage The financing challenge of building projects before buyers exist How corporate buyers are helping to create early demand Why measurement, verification and trust are critical to scaling the sector How carbon removal could become embedded across industries from agriculture to construction Why this conversation matters Carbon removal sits at the intersection of climate science, finance, technology and policy. If the world is serious about stabilising atmospheric carbon levels, a whole new industrial system will need to be built to remove CO₂ and store it safely. That system is only just beginning. Understanding how it might develop is key for investors, policymakers, founders and anyone interested in the future of climate solutions. 🎟️ Join Earth Set Live Earth Set hosts monthly conversations in London with founders, investors and policymakers working on the transition to a resilient, regenerative economy. First Tuesday of every month. Grab tickets here 👉 earthset.co ⭐ If you enjoyed this episode Please take a moment to: Leave a rating Write a short review Share the episode with someone interested in climate innovation, climate finance or the future of net zero It helps more people discover the show. Thanks for listening — see you at the next live event or in your feed soon.