, Stripe, Alphabet, Shopify, Meta, and McKinsey to buy $925M of carbon removal by 2030, TheCircularEconomy.com

Stripe, Alphabet, Shopify, Meta, and McKinsey to buy $925M of carbon removal by 2030

, Stripe, Alphabet, Shopify, Meta, and McKinsey to buy $925M of carbon removal by 2030, TheCircularEconomy.com

Overnight, Shopify, Stripe, Alphabet (Google), Meta (Facebook) and McKinsey launched Frontier, an Advance Market Commitment (AMC) to accelerate the development of carbon removal technologies.  The founding companies are committing an initial $925M USD (~$1.25B AUD) to purchase permanent carbon removal from companies building promising new solutions over the next nine years, starting in 2022.  This is a global initiative and covers APAC. Essentially, the investment will go towards buying carbon removal solutions from companies developing emerging technology and scaled solutions to address climate change around the world.

Read the full article at: mumbrella.com.au

, Stripe, Alphabet, Shopify, Meta, and McKinsey to buy $925M of carbon removal by 2030, TheCircularEconomy.com

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