To certify a forest project for carbon credits, it can take two years and cost between $100,000 and $400,000, which is inefficient and limits project availability.

Stripe Climate aims to create demand for carbon removal technologies, which were virtually nonexistent in 2018, by purchasing from these companies to confer credibility on the sector. In 2021, we formed Frontier, an advanced market commitment for carbon removal, inspired by previous commitments for vaccines in developing countries. We raised a billion dollars, with Stripe as the first investor, and now have contracts with 40 to 50 carbon removal companies, many of which were started due to Frontier's existence.

We aim to connect carbon offset buyers directly with forest projects, creating a marketplace for trustworthy carbon credits from restoration and conservation efforts.

Pachama addresses the lack of funding for reforestation by utilizing carbon markets, where companies can compensate for their CO2 emissions.

In our partnership, we have a unique blend of building companies and investing in them. We aim to create one or two companies a year, and we've created about 10 or 11 so far.

An anonymous survey revealed that 74% of companies in the carbon removal sector credited Frontier as a causal factor in their founding, highlighting the significant inducement effects of such commitments.

We are transforming carbon credits into digital assets that can be traced online, ensuring transparency in how credits are issued, calculated, monitored, and traded.

Our first fund was successful, with significant investments in companies like Skype and Instagram, which validated our approach and strategy in venture capital.

I discovered the potential of reforestation and forest conservation to capture carbon at scale, which is crucial for addressing climate change.