The world needs a global, collective effort to scale carbon removal. Signalmash has teamed up with Stripe and their Stripe Climate initiative to fund carbon removal technologies. With the help of scientific advisors and emerging technologies, Stripe aims to radically reduce the new emissions put into the air and to remove carbon that’s already in the atmosphere.

Existing carbon removal solutions such as reforestation and soil carbon sequestration are necessary and important. However, they alone are not likely to scale to the size of the problem. New carbon removal technologies need to be developed—ones that have the potential to be high volume and low cost.

In efforts to prevent catastrophic effects of climate change, the Stripe Climate initiative says we should aim to limit global average temperature increase to 1.5°C above pre-industrial levels. They explain that this means we need to reduce global annual CO₂ emissions from about 40 gigatons per year as of 2018 to net zero by 2050.

Experts believe early purchasers can help the development of new carbon removal technologies, which essentially will reduce the cost curve and increase the volume curve. They are optimistic this can be done.

Stripe Climate is working with Seachange, RunningTide, Heirloom, Mission Zero Technologies, CarbonBuilt, Future Forest and other top scientific organizations and consultants to help find and evaluate the most promising carbon removal technologies. Signalmash sees the positive results of their efforts and supports the initative 100%.