Anthropic becomes first AI startup to join the Frontier carbon removal coalition
Anthropic has joined the Frontier coalition, which received another $915M in pledges to fund carbon removal projects. The new funding nearly doubles pledges to Frontier , bringing the total to $1. So far, Frontier has contracted nearly $700 million across more than 50 projects to remove 1.
Key Takeaways
- Companies that have pledged money to Frontier typically use the company's carbon removal credits to reduce their publicly listed carbon footprints.
The new funding will help bolster Frontier's position in the carbon removal industry, but more notable are Anthropic's pledges.
- Frontier was founded by tech companies, including Stripe, Google, and Shopify, to help them fulfill their climate pledges.
The founding companies, and others, face a dilemma: Many want to hit zero emissions in the next decade or two, but there are some emissions they can't eliminate today, like air travel.
- Frontier vets projects, serving as a sort of shared resource for companies interested in carbon removal.
In the announcement of the new pledges, Frontier said that funding for future projects would come with a higher level of scrutiny.
- Though companies want the carbon removal market to grow and mature, they're making it clear that they don't want to underwrite it in perpetuity.
For any new contract it signs, the carbon removal company must "show a path to government subsidy/support," a Frontier spokesperson told TechCrunch.
- At the rate the climate is warming , we'll have bigger problems on our hands.
Stats & Key Facts
- #The new funding nearly doubles pledges to Frontier , bringing the total to $1.
- #So far, Frontier has contracted nearly $700 million across more than 50 projects to remove 1.
- #The organization said it will fund fewer projects, focusing on those that it thinks have the best chance at removing a gigaton - 1 billion metric tons - of CO 2 or more annually.
Anthropic has joined the Frontier coalition, which received another $915M in pledges to fund carbon removal projects. The new funding nearly doubles pledges to Frontier , bringing the total to $1.
So far, Frontier has contracted nearly $700 million across more than 50 projects to remove 1. Companies that have pledged money to Frontier typically use the company's carbon removal credits to reduce their publicly listed carbon footprints. The new funding will help bolster Frontier's position in the carbon removal industry, but more notable are Anthropic's pledges.
Its membership comes at a time when AI companies have been on an energy buying spree, not all of which has been squeaky clean. Joining Frontier is Anthropic's first climate-related deal.
For more details please read the original article at TechCrunch AI.
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