#SustainableFinance / Stripe Unveils Large-Scale Carbon Removal Purchase Tool

Payments platform Stripe recently announced the launch of its latest product that allows any online business to contribute funds to technologies that remove CO2 directly from the atmosphere. Stripe reported that its users may help counteract climate change by directing a fraction of their revenue toward initiatives that permanently remove carbon dioxide from the atmosphere in just a few clicks and without writing a line of code.

[Stripe:] “Many of our users have told us they want to take climate action, but don’t because figuring out what to do can be time-intensive and complicated. Stripe Climate makes it easy for businesses of any size to help tackle climate change by funding frontier carbon removal… Our goal is to create a large market for carbon removal. If successful, this market will accelerate the availability of low-cost, permanent carbon removal technologies…”