Stripe, Shopify, Alphabet, Meta and McKinsey Will Spend Almost $1 billion on Carbon Removal

Takeaways:

• The Frontier Fund is a $925 million advance market commitment that has been set up by software firm Stripe to invest in carbon removal.
• The funds will go towards evaluating removed offsets based on permanence, the footprint of technology, the capacity the solution offers and the environmental justice impact.
• Funding for this plan comes from other companies including Alphabet, Shopify, Meta and McKinsey.

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