Frontier, an advance market commitment (AMC) for carbon removal, announced an additional $915 million in funding, bringing its total commitment to $1.8 billion. This funding aims to accelerate carbon removal companies, with participating buyers including Stripe, Google, Shopify, and Salesforce. Frontier will focus purchases on a narrower portfolio of companies with gigaton-scale potential and require clear long-term demand for each deal. Since its 2022 launch, Frontier has supported the commercialisation of new pathways and seen portfolio companies deliver approximately 23,000 tonnes in 2023, with over 50,000 tonnes forecast for 2024. The initiative seeks to bridge the gap until policy-driven demand matures, providing revenue for technology scaling.
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