4. CDR startups selected for $925 million Frontier Fund
The Frontier Fund, a $925 million carbon dioxide removal (CDR) effort headed by Stripe and other investors, has selected its first six funding recipients:
- American startups Travertine and Lithos Carbon are finding ways to speed up natural mineral weathering processes that capture carbon from the air;
- American startup Living Carbon is researching and developing synthetic algae to capture carbon; and
- Australian startup AspiraDAC, Israeli startup RepAir, and U.K.-based project Calcite-Origen are working on direct air capture (DAC).
The Frontier Fund will select another group of funding recipients this fall.
What’s clear: It’s safe to say that CDR has caught the attention of both the public and private sectors – the latest report from the U.N.’s Intergovernmental Panel on Climate Change called for a global buildout of CDR capacity.
Plug in: Our carbon dioxide removal (CDR) policy page discusses DAC and other exciting CDR technologies in depth.
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