Stripe Climate

Last year the payment processor Stripe posted a blog post outlining their belief that, if humanity was to tackle climate change, significant advancements in carbon removal technology would need to be made. They announced an intent to fund cutting-edge research into technologies that could help remove carbon from the atmosphere, either by sequestering it in the ground or by converting it into another form.

This year, they launched an amazing scheme that leverages their core business as a payment processor: Stripe Climate, a scheme whereby merchants who use Stripe can choose to redirect a percentage of their income to carbon removal research.

Opting in is straightforward for merchants, gives them a positive story to tell their consumers, and has the potential to be much more effective than the wishy-washy carbon offsetting programmes used by some merchants (and in particular airlines). I hope it rolls out beyond the US soon.