Tencent Names 50 Global Finalists for CarbonX 2.0 Climate Tech Program

November 03, 2025
Tencent has announced 50 finalists from 12 countries for its CarbonX 2.0 initiative, offering up to 200 million RMB in funding to accelerate next-generation climate technologies across carbon removal, industrial decarbonization, carbon utilization, and energy storage.

Tencent announced in a press release the selection of 50 finalists from 12 countries for its CarbonX 2.0 program, an initiative designed to advance next-generation climate technologies. The finalists were chosen from over 660 applicants across 54 regions and will compete for a share of 200 million RMB (approximately 28 million USD) in catalytic funding.

The CarbonX 2.0 program supports projects in four key areas: carbon dioxide removal (CDR), industrial decarbonization, carbon capture and utilization, and long-duration energy storage (LDES). Pilot projects are planned in Kenya, the Maldives, and Serbia to test scalable and cost-effective solutions for CO₂ reduction and renewable energy storage.

The winners, to be announced in early 2026, will receive grants, technical resources, and expert guidance to deploy their technologies in real-world environments. The announcement was made during the CarbonX Summit 2025 in Shenzhen, which gathered researchers, entrepreneurs, and policymakers to discuss collaborative approaches to global climate innovation.

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