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

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 Introducing Frontier—a $925M advance market commitment (AMC) to accelerate carbon removal.   https://twitter.com/stripe/status/1513850236929822722

Nate

The latest edition of Azeem Azhar newsletter, Exponential view, provides a compelling graph to summarize the matter.
https://www.exponentialview.co/email/aee33f2e-cee6-493a-b656-7a79e68ced6e/

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

Data is beautiful

The latest edition of Azeem Azhar newsletter, Exponential view, provides a compelling graph to summarize the matter. https://www.exponentialview.co/email/aee33f2e-cee6-493a-b656-7a79e68ced6e/  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

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

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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”

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”

Sam Mendoza

I think it's a very captalistic approach to carbon removal — and for all my issues with capitalism, I'm not ruling it out as promising solution (I do also think Stripe and Meta leadership are celebrating too early). Curious what others think about the model, other than the fact that it's a drop in the bucket for these companies. I like that they're taking the lead from models followed successfully by UNICEF and the World Bank. Usually, it's the other way around when it comes to international development.

Jerome Cody

https://www.bloomberg.com/news/articles/2022-04-12/stripe-alphabet-meta-join-to-fund-carbon-removal

Nate

A group of likeminded people in The Most Important Thing are talking about this.