Home / Notes / Kickstarting a 1 trillion dollar market for carbon renewal

# Kickstarting a 1 trillion dollar market for carbon renewal

### Overview #

• Earth already has a massive carbon cycle
• $10to$1000s/tonne to remove carbon, depending on industry
• Stripe, alongside Microsoft and Shopify, has been radically transparent about decarbonisation projects they have funded
• Stripe buy carbon removal from promising technologies to get them down the cost curve and hopefully reduce their costs in the future

### Carbon Removal #

• World emits 50Gt of $C{O}_{2}$ a year, need to get to net zero by 2050
• Need a huge emissions reduction combined with carbon removal, as some industries require large emission outputs
• Need to separate and store 10Gt of carbon a year by 2050
• Carbon removal different to carbon capture, where the latter is capturing carbon directly from a smokestack or similar, where removal is taking $C{O}_{2}$ out of the ambient air