What Is Climos Funding/business Model?
Climos believes that there is a strong rationale for commercial participation in determining whether Ocean Iron Fertilization (OIF) is a potential mitigation technique for sequestering atmospheric carbon dioxide that contributes to global warming, ocean acidification, and other environmental change. Publicly funded basic research using OIF was designed to understand the role of iron in controlling the biological productivity of the oceans now and in the past. However, the emerging potential of OIF as an element of the portfolio of market-related approaches to reduce greenhouse gases in the atmosphere is of applied interest, not simply a basic research problem. The models for development of techniques for commercialization include both commercial funding and public/private partnerships in funding, but do not generally rely on public subsidy alone. We believe that either funding model can be successful in the case of OIF and that appropriate regulatory and market-based safeguards can be
