'We've proven that carbon removal technology can work': Google, Anthropic, Salesforce and others pledge nearly $1 billion on new environmental push
- Growth AMC promises future carbon removal commitments
- Startups should be able to get investor funding due to the boosted confidence
- Carbon removal will rely on multiple technologies, like biomass storage and ocean alkalinity enhancement
Frontier, a coalition focused on carbon removal whose members include Google, Anthropic and Salesforce, has announced a new $915 million Growth Advanced Market Commitment (AMC) after four years of work on carbon removal, bringing total investments to $1.8 billion.
The initiative is designed to solve one of carbon removal's biggest problems – that there's not sufficient demand to justify investors financing bigger commercial projects.
In order to tackle that, Frontier is committing to buying future carbon removal to give startups predictable revenue, ultimately helping them to secure funding to develop the tech.
Frontier coalition commits to buying future carbon removal
Frontier's earlier work proved that permanent carbon removal technologies can be built and that...
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