The Big Business of Burying Carbon

But it’s one thing to be able to pull carbon out of the air and quite another to be able to pull this off at scale. Burning fossil fuels generates energy. Capturing CO2 from the air requires energy. So long as this energy comes from burning fossil fuels, it will add to the carbon that has to be captured. A second major challenge is disposal. Once c

... See more

Climate change is costing us dearly, and it’s only getting worse. I feel so intensely frustrated, largely because the preventative actions we could have taken were not mysterious to us: invest in renewables, transition from greenhouse gas-emitting energy generation, and put a price on carbon. We’re finally making some progress on green energy, than... See more

Finally, there’s the issue of cost. Pulling CO2 from the air takes money. Right now, a lot of money. Climeworks charges $1,000 a ton to turn subscribers’ emissions to stone. I used up my allotment of twelve hundred pounds to fly one-way to Reykjavík, leaving all the rest of my emissions, including those from my return trip and my flight to Switzerl

... See more

Stripe may now have more knowledge of the carbon-removal market than any other private company. In this era of greenwashing and sustainable everything, its program, called Stripe Climate, is one of the most compelling corporate climate initiatives now running.