After cutting down the trees, Jenkins plans to bury them—to help slow climate change and to reap salable carbon offsets (and maybe, someday, tax credits too).
Bill Gates and other investors are betting Kodama Systems can reduce carbon dioxide in the air by chopping down and burying trees. Now if only Uncle Sam would get on board with tax credits, too.year ago, Merritt Jenkins moved from Boston to Twain Harte, California, a speck of 2,500 souls in the foothills of the Sierra Nevadas. On his morning commute, he stops at Alicia’s Sugar Shack for a breakfast sandwich , then heads to a 10-acre patch of woods in the Stanislaus National Forest.
and others. After cutting down the trees, Jenkins plans to bury them—to help slow climate change and to reap salable carbon offsets .trees to soak up carbon dioxide from the air and to then sell credits to corporations, private jet owners and others who need or want to offset their emissions. But scientists saytrees can reduce global warming as well—particularly if those trees would otherwise end up burning or decaying, spewing their stored carbon into the air.
A Dartmouth grad with degrees in both engineering and environmental studies, Jenkins started selling used robotic equipment while earning a master’s in robotics at Carnegie Mellon. Then he cofounded a company that uses machine learning to help farmers analyze soil. But in 2019, while earning an MBA at MIT, he concluded there was more opportunity in forestry than in the crowded ag-tech field.
The notion of burying trees sounds simple and low-tech, particularly when compared with the convoluted “carbon capture” technology now being developed to pull CO2 from the air. Thanks to the Inflation Reduction Act Democrats passed in 2022, companies like Occidental Petroleum and ExxonMobil could qualify for tax credits of $85 per ton of CO2 sequestered if they can perfect systems to suck the gas directly from the air and transport it by pipeline before injecting it permanently underground.
Zeng has his own startup, Carbon Lockdown, which has a contract with the city of Baltimore to pick up 5,000 tons of biomass and bury it near wealthy, leafy Potomac, Maryland. He’s selling the carbon credits generated by that burial at $181 per sequestered ton on Puro.earth . Swedish investment company Kinnevik recently bought 1,000 tons. “Nature-based technologies are here and scalable,” says Mikaela Kramer, who oversees carbon credit purchases for Kinnevik.
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