Green Finance, Member Exclusive

Green Finance Briefing: Tech’s newfound interest in carbon capture

  • The carbon removal market has been attracting a lot of interest lately, and now it seems that there’s a strong wave of capital coming in as well, with big tech companies paving the way.
  • The latest IPCC report suggests that people’s lifestyle changes can also contribute to reducing carbon emissions, but there are concerns that this narrative could backfire into a new greenwashing strategy.
close

Email a Friend

Green Finance Briefing: Tech’s newfound interest in carbon capture

The carbon removal market has been attracting a lot of interest lately, and now it seems that there’s a strong wave of capital coming in as well, with big tech companies paving the way.

Alphabet, McKinsey, Meta, Shopify, and Stripe are joining together in launching a $925 million fund – essentially an advanced market commitment on carbon capture technology – in a project named Frontier

The idea is to invest in this technology at an early stage with the aim of figuring out a way to capture carbon at scale, store it long-term, bring the price below $100 per ton, and remove over 0.5 gigatons annually. 

“With Frontier, we want to send a loud demand signal to entrepreneurs, researchers and investors that there is a market for permanent carbon removal: Build, and we will buy,” said Stripe’s head of climate, Nan Ransohoff.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Green Finance Briefing: Tech’s newfound interest in carbon capture”

Member Exclusive, Modern Marketing

Marketing Briefing: The case of product-first and the SEO burst

  • In this week’s briefing, we cover what’s new in marketing for banks – big, small, and digital alike.
  • Plus, we’re digging into SEO in the fintech world through some interesting numbers.
Rivka Abramson | May 23, 2022
Finance Everywhere, Member Exclusive

Embedded Briefing: Affirm reports strong quarter; focuses on achieving profitability

  • BNPL leader Affirm reported $354.8 million in revenue, exceeding analyst expectation of $345 million, and showing a 54% increase YoY.
  • Analysts are wary of Affirm's trajectory, saying that while the firm may look like an exciting tech company, it is increasingly operating as a traditional credit provider.
Subboh Jaffery | May 20, 2022
Data Snacks, Member Exclusive

Data snack: US banks’ growth rates are down in Q1 2022

  • Growth is stalling across the US banking sector, with both deposits and loans up marginally from the fourth quarter of 2021.
  • This could be an indicator of current macroeconomic conditions, as the Federal Reserve tightens up market conditions so that the economy will moderate.
Iulia Ciutina | May 18, 2022
Member Exclusive, Payments

Payments Briefing: ‘We penetrated the blue ocean opportunity of the Spanish-speaking market’ – NovoPayment’s Anabel Perez

  • This week, we take a look at Miami-based BaaS provider, NovoPayment.
  • We also discuss Bumped, a firm that rewards customers with equity in the brands they shop from.
Ismail Umar | May 12, 2022
Member Exclusive

Lending Briefing: How fintechs are digitizing the mortgage process

  • Shifting consumer preferences are incentivizing mortgage banks to digitize other outdated, paper-based or manual parts of the business. But most of the innovation is happening outside the legacy system with fintechs taking the lead.
  • Given the current macroeconomic environment, uncertainty and dwindling margins in the mortgage sector, digital processes can help weather the storm by reducing costs.
Iulia Ciutina | May 11, 2022
More Articles