Frontier Climate
Frontier Climate
Frontier is an advance market commitment to buy an initial $925M of permanent carbon removal between 2022 and 2030. It’s funded by Stripe, Alphabet, Shopify, Meta, McKinsey, and tens of thousands of businesses using Stripe Climate.
- Use:
- Date closing: -
- Amount: -
- Industry focus: Others;
- Total budget: -
- Entity type: Other
- Vertical focus: climate, carbon renewal
- Website: https://frontierclimate.com/
- Status: Open
- Funding type:
- Geographic focus:
- Public/Private: Private
- Stage focus:
- Applicant target: Startup;
Overview
For early-stage suppliers, agreements will likely take the form of low-volume prepurchases. For larger suppliers ready to scale, Frontier will facilitate offtake agreements to purchase future tons of carbon removal at an agreed price if and when delivered.
Frontier will target technologies that are high quality and have the greatest long-term potential, rather than what is cheap today. For that reason, they don’t know in advance how many tons they’ll be able to buy, or what the price per ton will be. They're committed to transparency as we begin purchasing tons.
Frontier will aim to facilitate purchases from companies that represent a diversity of technological approaches to carbon removal. Examples of some of the promising technologies in this space can be found here and here.
Each Frontier buyer determines their maximum annual spend between 2022 and 2030. Frontier will aggregate demand to determine an estimated maximum spend per year, and then facilitate purchases up to that maximum spend. They expect annual amounts of money spent and tonnage removed to increase substantially over the life of the commitment as the field of carbon removal matures.
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- Deadline: February 28, 2022
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