MTL meets CarbonStack

18 October 2022, by Levent Uyar

The Hamburg technology start-up CarbonStack is fighting climate change with reforestation in Europe. The company stands for CO2 compensation without green-washing and offers other companies an opportunity to compensate for unavoidable CO2 emissions with regional foresting projects. Forty-five thousand trees have already been planted throughout Germany in a very short time. The reforestation projects are monitored using high-resolution satellite imagery and compensation efficacy is being tracked and quantified using the company’s own AI solution. The satellite technology is being used to identify surfaces where new trees are urgently needed for a healthy ecosystem and the consequences of climate change are already visible. Using energy efficient blockchain technology, CarbonStack is making corporate CO2 compensation transparent and tamper-proof for everyone involved.

“Climate change is proceeding apace. Without significantly increased compensation volume, we will have to avoid all greenhouse gas emissions in 7 years if we want to reach the 1.5°C goal. We won’t manage that. Our goal is make this compensation as measurable and transparent as possible,” explains Julian Kakarott, managing director and founder of CarbonStack. Julian Kakarott, one of the company’s 4 founders alongside Noah Winneberger, Jesper Kolk, and Jann Wendt, attended the seminar Business Planning and Entrepreneurship (Prof. Dr. Michel Clement) in the Faculty of Business Administration during his studies. The course is part of the teaching portfolio promoting entrepreneurship and targets student teams who want to found a start-up with the aid of a mentoring and management team. 

This innovative start-up recently received seed funding of €500,000, which will primarily go towards the further development of blockchain, remote sensing, and climate modeling technology to better predict CO2 binding. For their technological solutions, CarbonStack also recently received InnoRampUp funding from the IFB Hamburg, which recognizes especially innovative, technology-based business models in Hamburg.

More information on CarbonStack

In the series "MTL meets ..." we introduce start-ups linked to or with origins in the Faculty of Business Administration at Universität Hamburg.