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Anthropic joins Frontier, the decarbonisation collective, to contribute to a new $915 million funding tranche and marks its arrival as the first AI startup to join the group.
The new funding nearly doubles pledges borderBringing the total to $1.8 billion. To date, Frontier has contracted nearly $700 million across more than 50 projects to remove 1.8 million tons of carbon. 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 strengthen Frontier’s position in the decarbonization industry, but most notable are Anthropic’s pledges. Although Google is a founding member, Anthropic is the first pure AI company to join its ranks. Its membership comes at a time when AI companies have been on an energy buying spree. Not everything From her It was squeaky clean.
Joining Frontier is Anthropic’s first climate-related deal. The company has not yet released a sustainability report, and it is He said It favors an “all of the above” approach to energy, a statement that usually translates into massive purchases of dirty energy. But this move may indicate changing attitudes within the company.
Frontier was founded by tech companies, including Stripe, Google and Shopify, to help them meet their climate pledges. Established companies, and others, face a dilemma: Many of them want to reach zero emissions in the next decade or two, but there are some emissions they cannot eliminate today, such as air travel. But at the same time, decarbonization was, and still is, a nascent industry in which there are no big players capable of removing the amount of carbon that carbon companies need. Frontier vets carbon removal companies and signs contracts with companies it believes will be able to deliver.
Carbon removal credits, like the kind supported by Frontier, allow companies to continue emitting some pollution. Credits can be subtracted from their carbon footprint, similar to the way profits can offset debt on a balance sheet. Frontier Projects for Vets serves as a kind of shared resource for companies interested in decarbonisation.
In announcing the new pledges, Frontier said funding for future projects will come with a higher level of scrutiny. The organization said it will fund fewer projects, focusing on those it believes have the best chance of removing a gigaton — a billion metric tons — of carbon dioxide.2 Or more annually. Frontier said the new contracts will last between eight and 10 years.
Since its launch in 2022, Frontier has supported a range of carbon removal technologies over the years, including Direct air capture, Enhance rock weathering, Bio oil, Peripheral antacidsand Bioenergy with carbon removal and sequestration.
It simulates Frontier’s shift from lots of small bets to fewer larger bets What seems to be happening at Microsoftwhich was the largest buyer of carbon removal credits.
Although companies want the decarbonization market to grow and mature, they make clear they do not want to guarantee it forever. For any new contract it signs, a carbon removal company must “show a path to government support,” a Frontier spokesperson told TechCrunch.
The United Nations Intergovernmental Panel on Climate Change said that carbon dioxide removal technology It will be necessary If the world is to reach net-zero emissions, though, few companies or consumers are interested in footing the bill. Like clean water, the problem will almost certainly ultimately fall on governments. It will shrink until 2040, Frontier said.
He did not say what would happen next, but they clearly hope that governments will have started to take matters into their own hands by then. That is, if they don’t? in The rate of climate warmingwe will have bigger problems on our hands.
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