When Stripe, the online payment processing company, was looking for a model to dramatically increase the funding it could drive to the carbon removal market, it found its inspiration in public health.
The model for Frontier, Stripe’s new $925 million advanced market commitment that guarantees future demand for carbon removal technologies, was first used for vaccines.
To design the innovative financing mechanism, Stripe teamed up with experts who had worked on crafting advanced market commitments for vaccines for pneumonia and COVID-19.