Shopify: Three lessons from investing $55m in 40 carbon removal startups

clock • 4 min read
Planetary Tech, one of Shopify's ocean-related investments, adds an alkaline solution to ocean water to catalyze faster absorption of CO2 / Source: Shopify
Image:

Planetary Tech, one of Shopify's ocean-related investments, adds an alkaline solution to ocean water to catalyze faster absorption of CO2 / Source: Shopify

Shopify's head of sustainability, Stacy Kauk, shares secrets from four years of investing in early-stage carbon removal

Since 2019, Shopify has invested close to $55m in 40 startups that have developed methods for removing carbon dioxide from the air - from direct air capture devices to spreading crushed rock on farmland for...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Technology

Earthshot Prize 2024: Prince William unveils £1m climate solution award winners

Earthshot Prize 2024: Prince William unveils £1m climate solution award winners

Clutch of innovative green projects to turn waste heat into electricity and protect and restore nature, oceans, air will each receive £1m prizemoney to scale their solutions

Michael Holder
clock 07 November 2024 • 3 min read
New £5.5m facility to boost circularity in aviation, energy systems, and industrial equipment

New £5.5m facility to boost circularity in aviation, energy systems, and industrial equipment

ReMake Value Retention Centre to focus on increasing material re-use in 'high integrity' sectors such as aerospace, marine, wind, nuclear, industry, and power

Stuart Stone
clock 06 November 2024 • 3 min read
Aira launches 'Scandi style' heat pump in the UK

Aira launches 'Scandi style' heat pump in the UK

European clean tech manufacturer launches new space saving heat pump in the UK

Stuart Stone
clock 04 November 2024 • 3 min read