Freshjobs has been a member of Stripe Climate since August 2021. Since then, 2% of the revenue from each published job ad goes towards, among other things, modern technologies to remove CO₂ from the atmosphere.
The idea is that our contribution as early adopters will help these new technologies take off.
What is it about
To prevent the most catastrophic effects of climate change, we should aim to limit global average temperature increase to 1.5°C above pre-industrial levels, which corresponds to reducing global annual CO₂ emissions from about 40 gigatons per year as of 2018, to net zero by 2050. To accomplish this, the world will likely need to both radically reduce the new emissions we put into the air, and remove carbon already in the atmosphere.
Existing carbon removal solutions such as reforestation and soil carbon sequestration are important, but they alone are unlikely to scale to the size of the problem. New carbon removal technologies need to be developed – ones that have the potential to be high volume and low cost by 2050 – even if they aren’t yet mature.
Today, carbon removal solutions face a chicken-and-egg problem. As early technologies, they’re more expensive, so don’t attract a critical mass of customers. But without wider adoption, they can’t scale production to become cheaper.
Early purchasers like Freshjobs can help new carbon removal technologies get down the cost curve and up the volume curve. Experience with manufacturing learning and experience curves has shown repeatedly that deployment and scale beget improvement, a phenomenon seen across DNA sequencing, hard drive capacity and solar panels.
Source: Stripe Climate