Ransohoff: Carbon removal sector remains far off track to dent climate crisis
Nan Ransohoff · Kickstarting a $1 trillion market for carbon removal · Nov 18, 2021 · at 19:39
Nan Ransohoff, Head of Climate at Stripe, evaluates the current scaling trajectory of the nascent carbon removal industry despite recent high-profile corporate buyer interest.
0:00 / 0:20exact quote · 20.5s
720p mp4 · rendered on demand · StarZero watermark
“I would say generally this field is not currently on track for carbon removal to make a material dense in the climate crisis. Like, even with the recent progress, even with all these companies that we're finding and funding and all the press and, you know, Stripe purchases and Microsoft purchases, like, we are still so far off target and it's a problem.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Nan Ransohoff
Ransohoff: Stripe requires 1,000-year permanence and a sub-$100 price trajectory
“And what we're looking for is solutions that have more than a thousand years of permanence that have a pathway to sub a hundred dollar a ton removal, even if they're expensive Today, and we've paid more than 2000 dollars per ton from heirloom this last cycle. …”
Ransohoff: Stripe ignores current carbon prices to focus on sub-$100 glide paths
“So we Stripe don't care what the price is today. We are very focused on trying to understand what the glide path for each of these technologies looks like on the way to sub a hundred dollars and more than half a gigaton.”
Ransohoff: Forcing early carbon removal to compete with $10 offsets undermines industry
“And I worry that there's a lot of pull to treat it like that right now. And there's a lot of pull to sort of to, you know, list everything on a carbon market and have it compete with 10 dollar per ton offsets. And that's, I don't think that's going to set it u…”
Ransohoff: A $1 Trillion Voluntary Carbon Removal Market Is Highly Unlikely
“A voluntary market of a trillion dollars a year is Is highly unlikely to happen.”
Ransohoff: Stripe Climate buys expensive frontier carbon removal to accelerate cost curves
“We then, Stripe, aggregate those funds and use it to buy carbon removal from really promising solutions that are expensive today, but that have the potential to be really low cost and high volume in the future. So essentially we're trying to help we're like bu…”
Ransohoff: Stripe prioritizes permanent carbon removal as the biggest climate solution gap
“Our approach is let's look across
The climate sort of ecosystem.
Find what we think the biggest gap is and where we think we are in a somewhat good position to move the needle on it.
And carbon removal where we're pulling CO two out of ambient air or out of…”