Tencent launched a 100 million funding program to support carbon peak carbon neutralization

CTOnews.com, March 23 (Xinhua)-- Tencent, together with multiple partners, launched a special campaign, the carbon Hunt Project, which is China's first large-scale funding scheme initiated by a technology company in the field of carbon capture, utilization and sequestration (CCUS). The amount of funds is at the level of RMB 100 million. Click here to declare.

Through this model innovation, Tencent hopes to introduce capital, technology, partners, landing scenarios and other resources for CCUS, and use scientific and technological innovation to support carbon peak carbon neutralization. It is expected to be able to land 5-10 cutting-edge technology pilot projects, accelerate 5-10 CCUS start-ups, incubate several sustainable tools or platforms, and eventually achieve 10-million-ton emission reduction.

CTOnews.com learned from the official that carbon dioxide capture, utilization and storage (CCUS) has a unique and irreplaceable role and significance in the process of carbon neutralization. This technology has great application potential in reducing greenhouse gas emissions from industrial processes, can turn carbon dioxide into resources, and even produce economic benefits in the future.