This alliance, called Frontier, is also supported by great players as H&M Group, JPMorgan Chase and Salesforce. The aim of the organization is to help the development of early projects and reach a commercial level, which will allow them to attract investments and scal their production. Now most carbon cleaning technologies work at a limited level and need to support growth.
According to experts, 5 to 10 billion tons of carbon dioxide will need to be removed from the atmosphere every year to achieve climatic goals in the middle of the century. Frontier has already invested about $ 600 million and plans to invest in at least one billion dollars by 2030.
Source: Ferra
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