MaRS announces Mission from MaRS: Carbon Management and upcoming launch event

New Mission will focus initially on accelerating the commercialization of made-in-Canada carbon removal solutions.

TORONTO, May 18, 2023 – MaRS Discovery District today launched Mission from MaRS: Carbon Management, a new series of initiatives to increase the adoption of permanent carbon dioxide removal solutions and advance development of a carbon markets ecosystem.

“Accelerating the adoption of made-in-Canada, negative-emission solutions will be vital to keeping global warming below that critical 2 Celsius threshold,” said Tyler Hamilton, Senior Director of Climate at MaRS. “This could include carbon removal using technological, oceanic, geological, and biological approaches.”

The mission launched today will focus on tapping the potential of carbon management, building on the success of the Mission from MaRS: Climate Impact Challenge. The program will collaborate with entrepreneurs, industry, government and academia to increase both the supply of and demand for carbon removal technologies as well as support decision makers as they produce new carbon-related policies.

The Mission from MaRS: Carbon Management launch event will take place in a virtual event June 15. Click here to reserve your free tickets.

The event will reveal the Mission’s first initiative: an accelerator program focused on supporting the commercialization of early stage ventures with negative-emission solutions. Through partnerships with organizations aiming to enable the Canadian carbon dioxide removal space, MaRS will prototype a model to build awareness, educate customers, and develop the marketplace for carbon removals in Canada.

The Carbon Management Mission is generously supported through funding from the Grantham Foundation for the Protection of the Environment, Peter Gilgan Foundation, RBC Tech for Nature and HSBC Canada.

“While reducing emissions remains paramount, scaling carbon removal technologies will be critical when every fraction of a degree matters,” said Caroline de Bossart, Director at the Grantham Foundation. “We are building an ecosystem of supporters, partners and peers for carbon removal.”

Mission from MaRS would not be possible without the support of its founding partners HSBC Canada, Trottier Family Foundation, RBC Tech for Nature and Thistledown Foundation.

“Adoption of new technologies and more sustainable business models is critical in the journey towards a net-zero economy,” said Kim Hallwood, Head of Corporate Sustainability, HSBC Bank Canada. “We are proud to support the MaRS Carbon Management Mission, which puts us one step closer by scaling up climate innovation and accelerating cleantech commercialization.”

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About MaRS

MaRS is North America’s largest urban innovation hub. A registered non-profit, MaRS supports high-growth startups and scale-ups tackling key issues in health, cleantech, fintech and other sectors. In addition, MaRS convenes all members of the tech ecosystem to drive breakthrough discoveries, grow the economy and make an impact by solving real problems for real people — in Canada and around the world.

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