Business

Why Alphabet, Meta and different massive tech firms are spending $925 million on carbon removing


Alphabet, Meta and others have teamed as much as turbocharge the removing of carbon from the ambiance. Nan Ransohoff, who heads the challenge, tells New Scientist why they’re betting on new applied sciences – and making an attempt to keep away from the pitfalls of carbon offsetting



Environment


| Analysis

9 May 2022

A power station in North Yorkshire, UK

An influence station in North Yorkshire, UK

Shutterstock/Coatesy

Can the world’s know-how and consulting giants flip carbon removing right into a multibillion-dollar international trade? That is the query Nan Ransohoff, head of local weather at funds agency Stripe, is making an attempt to reply. She now additionally heads Frontier, an bold bid launched final month to make use of an strategy borrowed from vaccine creation to turbocharge early-stage firms taking carbon out of the ambiance. Finding methods to take action is now thought of very important for averting catastrophic local weather change.

“We realized from the most recent [Intergovernmental Panel on …



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