Frontier commitment for carbon removal surpasses $1 billion with new members

Frontier, an advance market commitment for carbon removal, announced that Autodesk, H&M Group, JPMorgan Chase, and Workday have joined its initiative. These new members committed to purchase a combined $100 million of permanent carbon removal by 2030, increasing Frontier's total commitment to over $1 billion. This capital will facilitate multi-year offtake agreements, helping carbon removal suppliers secure financing to scale operations. Since April 2022, Frontier has facilitated purchases from 15 carbon removal startups across eight technological pathways.