This case is reserved for use by Columbia Business School Faculty only.
How can payments company Stripe move forward the carbon removal sustainability effort through advance market commitments and what are its next steps on its climate initiative?
How can payments company Stripe move forward the carbon removal sustainability effort through advance market commitments and what are its next steps on its climate initiative?
Climate Knowledge Initative
In 2022, online payments company Stripe launched a new effort under the leadership of new head of Stripe Climate, Nan Ransohoff, called Frontier. This new entity was founded by five major companies with the goal of accelerating the development of carbon removal technologies through an “Advance Market Commitment” (AMC). Though it may not fit perfectly within Stripe’s core business, the payment company’s involvement in carbon removal could help it explore new business opportunities, while betting big on a high-impact sector with potentially large payoffs down the line. In this case, students will learn about carbon removal technologies, Stripe Climate and the intersection of climate technologies and digital payment as well as collaborative efforts among corporations on the climate front. Students will be asked to discuss the conditions for advance market commitments and to assess Stripe’s success to date as well as options for scaling the effort going forward.
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