Frontier has announced its first purchases of carbon removal.
- Frontier, which was formed by Stripe, Shopify, and others, serves to accelerate the development of carbon removal technologies by buying carbon removal from startups and innovators.
- Frontier has announced its first spending round of $2.6 million for carbon removal projects across the globe.
- Private sector leadership is leading the way to lower the green premium of clean technologies.
“Carbon dioxide removal (CDR) is critical to achieving climate goals, alongside radical emissions reductions. Models project that by 2050 we will need to permanently remove billions of tons of CO₂ from the atmosphere every year. To date, fewer than 10,000 tons have been removed in total.”
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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
