Corporate
Stripe’s first carbon removal purchases
![project vesta](
https://images.ctfassets.net/fzn2n1nzq965/7a0J2svIyV2pJU1IIJHtod/fb1b440cb86bc5c71dc7f973d039fc61/project-vesta.jpg?w=1080&q=80&fm=jpg
)
To mitigate the threat of climate change, the majority of climate models agree that the world will need to remove carbon dioxide from the atmosphere on the scale of approximately 6 gigatons of CO2 per year by 2050. That’s roughly the equivalent of the United States’ annual emissions.
Last year, Stripe announced our Negative Emissions Commitment, pledging at least $1M per year to pay, at any price, for the direct removal of carbon dioxide from the atmosphere and its sequestration in secure long-term storage. We’ve since built a small team within Stripe to focus on creating a market for carbon removal by being an early customer for promising carbon removal technologies.