Source: Axios
Summary
Anthropic has joined the Frontier coalition, a group focused on funding carbon removal projects. The coalition has received an additional $915 million in pledges, bringing the total to over $1.3 billion. The funding will support projects that aim to remove 1 gigaton of CO2 from the atmosphere by 2025. Anthropic, a company focused on AI and climate change, joins other founding members like Stripe and Alphabet in the coalition.
Our Reading
The launch follows a familiar script.
Anthropic joins the Frontier coalition, because what’s a climate initiative without a few more zeros added to the funding? The coalition’s goal to remove 1 gigaton of CO2 by 2025 sounds ambitious, but we’ve heard that before. Stripe and Alphabet are already on board, because who doesn’t want to save the planet? The real question is, what’s the over/under on how long it takes for the first “delayed timeline” announcement?
Coalition Goals
The Frontier coalition aims to remove 1 gigaton of CO2 from the atmosphere by 2025. This goal is part of a larger effort to combat climate change and reduce greenhouse gas emissions.
Founding Members
The coalition was founded by Stripe and Alphabet, with Anthropic joining as the latest member. Other members include Shopify, Meta, and McKinsey.
Funding
The coalition has received over $1.3 billion in pledges, with the latest addition of $915 million. This funding will support projects focused on carbon removal and reduction.
Carbon Removal Projects
The coalition will support projects that aim to remove CO2 from the atmosphere through various methods, including direct air capture and afforestation.
Timeline
The coalition’s goal is to remove 1 gigaton of CO2 by 2025. However, the timeline for achieving this goal is ambitious, and it remains to be seen whether the coalition will meet its target.
Author: Evan Null
