The Silicon Review
Carbon is the building block of life,’ we all have heard this phrase, at least once. But, do we know the consequences when it crosses its limit? Throughout the long history of the planet, mother Earth has witnessed numerous climate changes due to subtle shifts in its orbit, as the atmosphere or surface changed, or when the Sun’s energy varied. But from the past few years, another force has started to influence Earth’s climate; and that is the rapid increase in Carbon Dioxide level from human emissions.
With the increase in CO2 level, the climate of the earth is changing again; catastrophically. And to reduce these risks, we need a fundamental transformation in the production and use of energy. So, to help in closing the global carbon cycle, in 2010, Global Thermostat was formed.
Co-Founded by the A-List Star, Dr. Graciela Chichilnisky, Global Thermostat was created to commercialize a revolutionary technology that removes CO2 directly from the atmosphere at a low cost, creating jobs and making profits while reversing climate change. The company has pioneered the transformation of the world economy away from using fossil fuels to a carbon-based economy. The CO2 removed from air is used for beverages, water desalinization, biofertilizers, polymers & carbon fibers, a very large and hungry CO2 market.
Proving the Worth
The world-renowned economist, Dr. Graciela Chichilnisky with Dr. Peter Eisenberger co-invented the Global Thermostat’s technology and obtained 34 patents. Supported by chairman and investor Edgar
Bronfman Jr., Chichilnisky raised $51M in investment and launched their first commercial demonstration carbon removal plant in 2010 and three years later they launched the second one; both plants at SRI 333 in Menlo Park, Silicon Valley.
Now building commercial plants for world-leading beverage companies, Global Thermostat is ready for an extremely profitable and rapidly growing phase.
True innovation is often difficult to accept. Just like the case of the Wright Brothers and the airplane, at the beginning and for years there was disbelief and even rejection to Dr. Graciela Chichilnisky’s concepts, even after the idea was demonstrated. Nobody believed that CO2 could be removed directly from the air and at a low cost, but when Dr. Graciela Chichilnisky and Peter Eisenberger proved everyone wrong and they set out their plants, the attention the duo received was beyond belief; the experience was extraordinary.
Global Thermostat’s whole process is Carbon Negative(TM). Taking all the factors into consideration, Global Thermostat’s technology reduces in net terms the CO2 concentration in the atmosphere. And through this, the company can reverse climate change.
Let Success Make the Noise
“Success is to reach your future, to thrive in it and share it, not to just dream about it.”
It sounds quite easy for everyone to get the idea of starting a company. Open the doors to get funding, and then walk with a ton of cash. But, it is harder than one can imagine. Every entrepreneur has to face numerous hurdles and challenges as a founder. For most of the new-born companies, capital is always the major hurdle but sometimes it’s not just money – its criticism and wrong notions.
Global Thermostat faced the same kind of obstacle. There was an unexpected response to the company’s Carbon Negative Technology and it was the notion that removing CO2 at low cost is a ‘moral hazard’ as it could create perverse incentives to use more fossil fuels since the CO2 could now be removed. To make everyone aware of the fact this is totally untrue, was one of the challenges the company faced.
Global Thermostat always believes that patience and hard-work is the key to get through a difficult journey. And today, Global Thermostat is one of the World’s Top Ten Most Innovative Companies, and branded among the 50 most valuable brands in the world. The company’s concept of “carbon-negative”
TM technology is now the only way for the human species to avoid catastrophic climate change that could cause the extinction of human race. It is a sobering responsibility and involves a global mission that reaches throughout the planet.
Continuing Innovation Is Life and Complacency Is Death
Global Thermostat proceeded much as all technology companies do: it created, developed, demonstrated, patented and operated the technology as a top priority and then commercialized it. The company’s roadmap was perfectly crafted as Global Thermostat today has gained a skyrocketing popularity.
The heroes of the environment, Global Thermostat will continue to build commercial Global Thermostat plants that will validate this extraordinary technology together with large and wonderful industrial companies. It is all happening, and it is a humbling uphill drive of the entire GT team.
The Elegant Lady behind the Venture
Dr. Graciela Chichilnisky, CEO, and Co-Founder:
Dr. Graciela Chichilnisky has worked extensively on the Kyoto Protocol, creating and designing the carbon market that became international law in 2005 and wrote the wording for the carbon market into the Kyoto Protocol at the COP in Kyoto in December 1997. The Washington Post calls her an “A-List Star” and Time Magazine calls her a “Hero of the Environment”. On July 4, 2017, the Carnegie Foundation of New York selected her as a “Great Immigrant, Great American” New York Times p A5. Dr. Chichilnisky was selected CEO of the Year during the IAIR Awards Global Roadshow on April 16, 2015 at The Yale Club of New York City. This news comes on the heels of Global Thermostat’s selection by global business magazine Fast Company as one of “The World’s Top 10 Most Innovative Companies of 2015 in Energy.”
Prior to founding the company that has created Carbon-Negative Technology, Dr. Graciela Chichilnisky led two successful companies: FITEL, a financial telecommunications company that was sold
in Japan; and Cross-Border Exchange, a global technology communications company sold to JP Morgan.
Dr. Chichilnisky holds two Ph.D. degrees, in Mathematics and in Economics from MIT and UC Berkeley. She is also a Professor of Economics and Mathematical Statistics and a University Senator at Columbia University, and is Director of the Columbia Consortium for Risk Management. And currently, Dr. Chichilnisky is a Visiting Professor at Stanford University.
She is also the author of fifteen books and some 320 scientific articles in preeminent academic journals. Dr. Graciela Chichilnisky’s two most recent books are “Saving Kyoto” “The Economics of Climate Change” and “Reversing Climate Change.”