PayPal has partnered with climate solutions provider 3Degrees to establish a carbon removal investment portfolio, directing corporate capital towards high-durability projects. This initiative supports PayPal's net-zero target by 2040 and includes investments in the Heartyculture Biochar project in India and a BECCS project by Gevo in North Dakota. 3Degrees structured a risk-mitigated procurement strategy, aggregating demand and conducting technical reviews to enable PayPal to purchase smaller, cost-competitive volumes of durable carbon removal credits. This approach aims to address market barriers for corporate buyers seeking high-durability removals from early-stage projects. The partnership provides actionable capital to developers and offers a template for corporate credit procurement through diversified technology investments.
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