Instead, the startup is going to invest in ideas that may be expensive today but have the potential to scale. Payments start-up Stripe has said it will invest at least $1m annually in negative-emissions technology, including those designed to draw carbon from the atmosphere. It will focus on investing in three primary types of technology: direct air capture, land management and enhanced weathering. The firm already seeks to offset all its carbon emissions by purchasing credits. Stripe has reportedly reached out to other technology firms to invest alongside it. “Companies are starting to realise that they can make a difference with their investments through this kind of investment,” says John Sauven, chief executive of Carbon Tracker, an environmental investment advisory firm.
Payments start-up Stripe has said it will invest at least $1m annually in negative-emissions technology, including those designed to draw carbon from the atmosphere. It will focus on investing in three primary types of technology: direct air capture, land management and enhanced weathering. The firm already seeks to offset all its carbon emissions by purchasing credits. Stripe has reportedly reached out to other technology firms to invest alongside it. “Companies are starting to realise that they can make a difference with their investments through this kind of investment,” says John Sauven, chief executive of Carbon Tracker, an environmental investment advisory firm.