Friday, 24 March, 2023

Firms in tech sector offer $925M to minimize carbon footprint

<p>Meta, Alphabet, Stripe, Shopify, and McKinsey have all pledged $925M to help save the planet by purchasing captured carbon. Frontier is an advance market commitment to buy an initial $925M of permanent carbon removal between 2022 and 2030, funded by Big Tech firms using Stripe Climate. Frontier&#39;s goal is to hasten the development of carbon-removal technology by ensuring future demand. It intends to open up to new buyers to boost demand and generate new supply.&nbsp;</p>