It may be a little early to start writing about trends for 2021, but I’m going to do it anyway. What’s on my mind? Carbontech, a category of climate tech I’d love to see break through next year. It’s the exciting idea that we can take something that could be considered waste, draw it out of the atmosphere and turn it into a source of revenue or economic growth.
There are signs that give me optimism. This morning, digital payments company Stripe announced a plan to let its merchant customers divert a portion of their revenue to carbon removal projects. The move follows Stripe’s own pledge to put $1 million into four “high potential” projects earlier this year, and the two initiatives are related. The specific technologies that Stripe is funding are carbon-sequestering concrete (CarbonCure), geologic storage (Charm Industrial), direct air capture (Climeworks) and ocean mineralization (Project Vesta).