[HN Gopher] Frontier - An advance market commitment to accelerat...
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Frontier - An advance market commitment to accelerate carbon
removal
Author : john_cogs
Score : 78 points
Date : 2022-04-12 12:42 UTC (10 hours ago)
(HTM) web link (frontierclimate.com)
(TXT) w3m dump (frontierclimate.com)
| john_cogs wrote:
| In looking at the Founder Advisory board, I was surprised that
| all of these companies have dedicated roles/teams focused on
| climate/sustainability.
|
| Very cool to see and hopefully a sign there will be more
| leadership on climate coming from the business community.
| joshdance wrote:
| Frontier is promising to buy $925M of permanent carbon removal
| between 2022 and 2030.
|
| They have criteria such as Permanence, Cost, Verifiability etc.
|
| Seems like a great program and we need many more like it.
| sauwan wrote:
| Is there something like this that individuals can contribute to?
| I'd love a subscription I could pay into monthly that could be
| used for something like this. Short term, put it in inflation
| protected securities. Long term, buy me carbon removal once
| certain criteria are met.
| vincvinc wrote:
| http://wren.co (YC S19) is a literal monthly subscription to
| offset your carbon footprint.
| kneath wrote:
| No need for fancy financial products. You can literally buy
| carbon removal today.
|
| https://charmindustrial.com/ https://climeworks.com/
| mvkel wrote:
| Arcadia, perhaps?
| sauwan wrote:
| They look like an interesting company, but I don't see any
| kind of offering like this.
| thinkcontext wrote:
| I would avoid Arcadia's wind offering. They lost their
| certification a few years back, probably because they were
| buying worthless Texas RECs which cost less than $1. Last I
| looked they were still sourcing from Texas. They do have
| community solar options in some markets which appear to be
| what they say they are.
|
| Many people aren't aware of it but a large part of the US
| population has the option to choose an alternative
| electricity supplier, including those that offer varying
| percentages of renewables. Usually it costs more but at times
| I've gotten lower rates. There are unscrupulous companies out
| there that will try to lock you into a bad contract so read
| any fine print closely. For options by state and zip code see
|
| https://www.electricchoice.com/
| mvkel wrote:
| This is a really cool idea and much more beneficial than simply
| buying carbon offsets and calling it a day.
|
| $925M sounds like not a lot, though. It's a start.
| aoeusnth1 wrote:
| This is really great. Hopefully industrial commitments to net
| zero carbon can create a market for removal without government
| assistance, which seems less likely in our current political
| quagmire.
| benrmatthews wrote:
| Does this perpetuate the idea that companies can pollute now and
| simply "buy" their way out? Isn't this especially true if a lot
| of carbon removal technologies are unproven, or proven at a
| minuscule scale of what is needed?
|
| I'm all for initiatives addressing the climate crisis at this
| size and scale, but not if this follows a similar path to the
| carbon credits and carbon offsetting markets we have now.
|
| See this FT article for example: "Carbon offset transactions
| surge despite environmental concerns"
| https://www.ft.com/content/5ca87325-0baf-47fb-85e0-b1e4746f4...
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