Carbon removal is finally finding customers
by Tim McDonnell, Yahoo.News, May 31, 2023 at 4:37 PM GMT+2
„The nascent market for carbon removal credits — a more expensive, but far more credible alternative to increasingly discredited carbon offsets — took a few leaps forward this month, with an unprecedented round of corporate purchase agreements that push fringe technologies closer to the mainstream of climate action. In the last two weeks, Microsoft, JPMorgan Chase, Boeing, and a purchasing collective called Frontier — that represents tech giants including Stripe, Alphabet, and Meta — all agreed to buy large volumes of carbon removal credits, aiming to kick-start a virtuous cycle of demand and supply.“