added by sari · updated 2y ago
A Start-Up’s Unusual Plan to Suck Carbon Out of the Sky
- Stripe—and now Frontier—aims to be a “buyer of first resort,” sending a demand-side signal to entrepreneurs and investors that a large market for permanent carbon removal exists.
from We’ve Never Seen a Carbon-Removal Plan Like This Before by Robinson Meyer
Mark Fishman added
Mark Fishman added
- Banks and investors tend to be uncertain about lending to carbon-removal companies that want to build a facility to test their ideas, Ransohoff said. But with an offtake agreement from Frontier, a carbon-removal start-up can prove to a bank that it will have a customer once the facility is up and running.
from We’ve Never Seen a Carbon-Removal Plan Like This Before by Robinson Meyer
Mark Fishman added