Stripe's $925M Carbon Removal Commitment

The Most Important Thing

risk is largely a matter of opinion

Nate

·5 years ago

shared a link post in group #The Most Important Thing

Yesterday Stripe announced a $925M advance market commitment (AMC) in an attempt to accelerate carbon removal.

What are your thoughts? What interesting companies / projects do you know in the space?

Stripe

twitter.com

Stripe

Introducing Frontier—a $925M advance market commitment (AMC) to accelerate carbon removal.

Sam Mendoza
My first thoughts are: ⭐️ ”this is probably just another marketing stunt by the big players, to keep from falling from the graces of the market” ⭐️ the combined valuation of those companies is well over one trillion dollars - the fact that they are investing less than _one in one thousand of their valuation_ in a critical problem of the planet they monopolize Internet technology on sounds somewhere between ”too little, too late” and ”not even trying”

D J
The latest edition of Azeem Azhar newsletter, Exponential view, provides a compelling graph to summarize the matter. exponentialview.co/email/.. The decarbonation levers according to the last IPCC report are compared to the amounts invested by VCs over the last 2 years. --> blatant mismatch, especially when it comes to biodiversity restoration/preservation. After 10 years in the #Impact Investing space, I have sooo many questions about this initiative: - EFFECTIVENESS: how effective and efficient the solutions funded will be? - TIME SCALE: how they will balance deep-tech uncertain long term solutions vs low-tech immediately available cost-efficient solutions? - GREENWASHING: will it not be used as a green pass to keep on growing consumption (when the IPCC insists on the need for significant behavioural changes on the demand side)? - CARBON MARKETPLACE: will it become a massive carbon offset marketplace, given the leverage of the founding partners in global economy cash flows? #Data is beautiful
www.exponentialview.co
📊 EV’s Charts of the Week #71
Hi, I’m Azeem Azhar. I convene Exponential View to help us understand how our societies and political economy will change under the force of rapidly accelerating technologies – every Wednesday we do t

Embed post to a webpage :

<div data-postid="pogd" [...] </div>