No company can stop climate change by itself. Stripe Climate aggregates funds from forward-thinking businesses around the world to increase demand for carbon removal. Stripe Climate works with Frontier, Stripes in-house team of science and commercial experts, to purchase permanent carbon removal.
Stripe Climate works with a multidisciplinary group of scientific experts to find and evaluate the most promising carbon removal technologies. Below are two examples from our broader portfolio.
Climeworks uses renewable geothermal energy and waste heat to capture CO₂ directly from the air, concentrate it, and permanently sequester it underground in basaltic rock formations with Carbfix. Climeworks will remove 322 tons of CO₂ on behalf of Stripe Climate businesses.
Charm Industrial has created a novel carbon removal pathway that converts biomass into bio-oil and then injects it deep underground for permanent geologic storage. Stripe Climate was Charm’s first customer. In 2021, Charm removed 416 tons of CO₂ on behalf of Stripe Climate businesses.
Most new technology is expensive at first. Early adopters like Freedom in Motion help promising new carbon removal technologies lower their costs and scale up quickly.
