The lack of trust in carbon offsets stems from a history of transparency issues and insufficient data, which we aim to address by digitizing the carbon credit process.

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

Corporations, particularly regulated energy companies, are the primary buyers of carbon offsets, with countries also purchasing at scale. Many companies are taking responsibility for their carbon emissions and striving to become carbon neutral, as sustainability is now a key part of their value proposition.

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.

Our company has made significant progress in its first year, partnering with major forest project developers and closing deals with recognizable companies interested in carbon credits.

Starting in 2021, airlines will be required to offset their emissions, creating a demand for carbon credits that is expected to grow significantly.

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.

Carbon credits are given to projects that reduce emissions or recapture carbon, but less than 2% of carbon market funding goes to forest conservation.

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