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NZ company makes shortlist in climate change challenge

New Zealand charcoal technology company Carbonscape is one of only five companies to make the shortlist in the global Financial Times Climate Change Challenge.

The competition seeks the innovations and ideas to reduce carbon emissions and make the world more resilient to climate change. 

“We are thrilled to have made it onto the shortlist against global competition.  We believe we are the only Kiwi finalist. But we will need all of New Zealand to get behind us with their votes to be in with a chance of winning the contest,” explains Carbonscape director, Vicki Buck.

“If we manage to bring home the prize for New Zealand it will cap off a fast-paced year for Carbonscape,” she says.

The most widely discussed method to sequester carbon gases involves injecting compressed carbon dioxide into the earth’s crust. Carbonscape is trying an alternative approach by developing a patented world-first industrial microwave charcoal technology that sucks carbon dioxide from the atmosphere, helping mitigate the impact of global warming.

Carbonscape’s solution focuses on making charcoal, effectively and safely locking the greenhouse gases away for thousands of years. 

The winner of the challenge will be chosen by Financial Times readers and an eminent panel of global business leaders, innovators and climate change experts.

The shortlist will be presented to the Financial Times’ worldwide business audience and they will be asked to vote for the best entrant at www.ft.com/climatechallenge. The winner of the contest will be announced in April 2009.

This article was originally published on the Market New Zealand website on 20 March 2009.

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