Frontier Climate: the companies investing $1 billion in carbon removal

The latest IPCC report came out last week, and made for some grim reading. No surprises, it makes clear that we need to rapidly reduce carbon emissions. But we need to remove carbon dioxide from the atmosphere too. The problem is that we don’t really have scalable technologies to do this (excluding trees, which won’t be close to enough). A number of companies – Stripe, Alphabet, Shopify, Meta, and McKinsey – have stepped up to the plate with a $1 billion investment in developing these technologies. It’s sorely needed.