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A new Bill Gates-backed project wants to make carbon removal more legit
The climate initiative aims to raise standards for projects meant to take CO2 out of the atmosphere.
Stripe, Alphabet, Meta, Shopify, and McKinsey Sustainability launched one effort called Frontier in 2022 to connect vetted carbon removal projects with companies interested in paying for their services. Rather than developing its own guidelines for others to follow, CRSI says it’s taking a “bottom-up approach to standardization.” It’s setting out to provide technical assistance to regulators and other organizations working on carbon removal policies. So it’s not surprising that some environmental groups are worried that carbon removal could be a red herring, allowing companies to say they’re fighting climate change even though they’re still pumping out lots of pollution that’s making the crisis worse.
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