Carbon Neutral Initiative
Last Updated: 4.2.24
Carbon removal is critical to counteract climate change
To prevent the most catastrophic effects of climate change, we should aim to limit global average temperature increase to 1.5°C above pre-industrial levels, which corresponds to reducing global annual CO₂ emissions from about 40 gigatons per year as of 2018, to net zero by 2050. To accomplish this, the world will likely need to both radically reduce the new emissions we put into the air, and remove carbon already in the atmosphere.
We've got a lot of work to do
To help in the ongoing carbon neutral initiatives, we're partnering with Stripe Payments and donating 1% of all gross sales to these and related initiatives. Existing carbon removal solutions such as reforestation and soil carbon sequestration are important, but they alone are unlikely to scale to the size of the problem. New carbon removal technologies need to be developed—ones that have the potential to be high volume and low cost by 2050—even if they aren’t yet mature. Today, carbon removal solutions face a chicken-and-egg problem. As early technologies, they’re more expensive, so don’t attract a critical mass of customers. But without wider adoption, they can’t scale production to become cheaper. Early purchasers can help new carbon removal technologies get down the cost curve and up the volume curve. Experience with manufacturing learning and experience curves has shown repeatedly that deployment and scale beget improvement, a phenomenon seen across DNA sequencing, hard drive capacity, and solar panels.
Questions
To learn more and read the research paper go to: https://stripe.com/climate. If you have any questions concerning our carbon neutral initiatives, please contact us at:info@vyrtical.com