Tencent Launches Global CarbonX Program 2.0 to Accelerate Climate Tech Innovation

The program is soliciting proposals for and will invest tens of millions of dollars in supporting innovative, early-stage technologies in four key areas:

CarbonX 2.0 brings together an expanding network of partners across sectors:

Davis Lin, Senior Vice President of Tencent, said: "The urgency of our climate challenge is undeniable, and addressing it requires bringing the right technologies to market faster to drive impactful change. Our CarbonX program is dedicated to identifying and nurturing these solutions, supporting the transition from the lab to real-world applications. With the second iteration, we'reaiming to foster an international ecosystem that accelerates progress toward net zero."

Professor Jerry Yan, Fellow of European Academy of Sciences and Arts and Co-chairman of the CarbonX Expert Committee, said: "Addressing climate change demands scaling solutions that are not bound by specific technologies but driven by their potential to make a global impact. We need to accelerate innovation by fostering cross-sector and cross-region collaboration, while catalyzing the deployment of every viable solution to ensure they evolve and scale in line with our climate goals."

The program's application period for proposals is now open and welcoming submissions through May 2025 from participants worldwide, including early-stage startups, established companies, and academic or research institutions. The selection process will occur in two phases.

Winning teams will receive grant funding and additional resources to develop and implement their projects. A distinguished panel of experts from academia, industry, and finance will evaluate all applicants, selecting the most promising teams based on innovation, potential impact, and feasibility of implementation.

CarbonX 2.0 was unveiled at the Sustainable Social Value Innovation Summit in Beijing, also known as the S Summit. This inaugural event brings together businesses, thought leaders, practitioners, researchers, and advocates to discuss how enterprises can accelerate the realization of the UN Sustainable Development Goals by building an innovative ecosystem and inspiring collective action.

For more information about the CarbonX 2.0, please visit CarbonX Program.

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