Our partnership with Frontier

Although the primary drivers to meet the 1.5-degree pathway set by the Intergovernmental Panel on Climate Change (IPCC) are carbon emissions avoidance and emissions reductions to a near-zero level, carbon removal is increasingly being identified as a crucial part of the equation in limiting global warming. Carbon removal entails removing carbon dioxide from the atmosphere and storing it somewhere environmentally safe, such as in rocks, in oceans, or underground.

Frontier is the $925 million advance market commitment (AMC) to purchase permanent carbon removal before 2030, by McKinsey Sustainability in partnership with fellow founders Stripe, Alphabet, Shopify and Meta.

Frontier aims to accelerate the development of permanent carbon removal technologies and expand the global supply of carbon removal, by guaranteeing future demand. The initiative intends to send a strong signal to researchers, entrepreneurs, and investors that there is a market for carbon removal and to begin building now.

Frontier can play an important role in helping scale the technologies needed to remove carbon from the atmosphere, which, in combination with significant emissions reduction, is crucial to limit the global temperature increase to 1.5°C.

By providing carbon removal suppliers with a strong demand signal, Frontier aims to give more entrepreneurs, scientists and operators the confidence to start building, and to do so with urgency.

Nan Ransohoff, Head of Frontier
Blog Post

McKinsey partners with Stripe, Alphabet, Shopify, and Meta on $925 million carbon removal commitment

– We are pleased to announce today that McKinsey Sustainability will be partnering with Alphabet, Shopify, Meta and Stripe in an eight-year $925 million commitment to accelerate the development of permanent carbon removal technologies by guaranteeing future demand.
Article

CO2 removal solutions: A buyer’s perspective

– As climate change impact becomes increasingly apparent, the adoption of decarbonization commitments is accelerating. Companies are acting rapidly and decisively to reduce greenhouse-gas emissions and neutralize residual emissions.

Frontier in the news

Why Big Tech is pouring money into carbon removal

The market for carbon removal is expanding rapidly, and private money is pouring in.

Big Tech’s carbon removal scheme announces its first purchases

The advance market commitment put together by some of tech's biggest players spent the first of its $925 million.

Carbon-removal industry draws Billions to fight climate change

Nascent technology to pull carbon from atmosphere is fastest-growing area in climate finance.

We need a massive carbon removal industry. What will it take to scale it up?

A small but growing number of companies are focused on carbon removal through various approaches. But this type of technology will have to radically grow.

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