Frontier is promising to buy $925M of permanent carbon removal between 2022 and 2030.<p>They have criteria such as Permanence, Cost, Verifiability etc.<p>Seems like a great program and we need many more like it.
In looking at the Founder Advisory board, I was surprised that all of these companies have dedicated roles/teams focused on climate/sustainability.<p>Very cool to see and hopefully a sign there will be more leadership on climate coming from the business community.
This is a really cool idea and much more beneficial than simply buying carbon offsets and calling it a day.<p>$925M sounds like not a lot, though. It's a start.
Is there something like this that individuals can contribute to? I'd love a subscription I could pay into monthly that could be used for something like this. Short term, put it in inflation protected securities. Long term, buy me carbon removal once certain criteria are met.
Of course, reading this makes me very happy, and I am getting more hopeful by the day because it seems that more and more things are finally happening. But I also can't shake the feeling that a lot of these programs/investments are just a complicated way of doing a carbon tax.
This is really great. Hopefully industrial commitments to net zero carbon can create a market for removal without government assistance, which seems less likely in our current political quagmire.
Does this perpetuate the idea that companies can pollute now and simply “buy” their way out? Isn’t this especially true if a lot of carbon removal technologies are unproven, or proven at a minuscule scale of what is needed?<p>I’m all for initiatives addressing the climate crisis at this size and scale, but not if this follows a similar path to the carbon credits and carbon offsetting markets we have now.<p>See this FT article for example: “Carbon offset transactions surge despite environmental concerns”
<a href="https://www.ft.com/content/5ca87325-0baf-47fb-85e0-b1e4746f46e9" rel="nofollow">https://www.ft.com/content/5ca87325-0baf-47fb-85e0-b1e4746f4...</a>