Kickstarting a 1 trillion dollar market for carbon renewal

climate

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

References #

• Catalyst with Shayle Kann: Kickstarting a $1 trillion market for carbon removal