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Edwin Arbus

Stripe Climate - Remove carbon as you grow your business

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OpenAI
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With Stripe Climate, you can direct a fraction of your revenue to help scale emerging carbon removal technologies in just a few clicks. Join a growing group of ambitions businesses changing the course of carbon removal.

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Nan Ransohoff
Maker
📌
Hello, Product Hunt! We’ve heard from many businesses that they feel increasing urgency to take climate action but often don’t because getting started is time-intensive and complicated. Enter Stripe Climate, which allows your business to help tackle climate change by directing a fraction of your revenue toward initiatives that permanently remove carbon dioxide from the atmosphere—in under a minute, right from the Stripe Dashboard. We’re starting off with U.S. businesses and we’re working on bringing Climate to more countries soon. Check out our site for more (or sign up!): https://stripe.com/climate
Calum Webb
Oh wow, this is exciting! Are there any plans to let users tip to boost their contribution towards CO2 removal technologies?
Nan Ransohoff
Maker
@calum This is a great idea! We don’t have a timeline for this yet but we’ll look into it.
Josh Rozin
Awesome initiative. If only we had our governing bodies on the same page 🙄. Does the money go into a fund that invests in Green companies, or is this initiative a non-profit?
Edwin Arbus
Maker
@joshrozin The money goes directly to carbon removal projects, like Charm Industrial, which pyrolyzes biomass and then injects the resulting bio-oil into geologic storage. Check out the portfolio of our partners at https://stripe.com/climate!
Sam Rye
@joshrozin @edwinwee so is Stripe vetting the entities that the money goes to? Is it made as a grant? How are the decisions made about who gets to be a partner?
Edwin Arbus
Maker
@joshrozin @edwinwee @samrye_enspiral Yes, they're selected very carefully. You can read more about the process and criteria at https://stripe.com/blog/first-ne....
Sam Rye
@joshrozin @edwinwee @samrye_enspiral that was interesting, thanks for the write up and for the transparency you've modelled in this project. Out of interest, does Stripe (or Stripe people) have any shareholding in any of the companies? Are these the only companies which Stripe Climate will be buying offsets from?
Sam Rye
@edwinwee ping - still keen to hear about this!
Philip Brechler
Interesting idea for sure! ?makers What exactly is funded by this? How can a business make sure this is not just some greenwashing that could damage their brand?
Harrison from VC Guide
One of the most 'organic' climate change initiatives I've seen from a tech company. Get it? Aha
Spencer H
Love this! Do companies have a tax incentive to participate or is this just for the betterment of the planet?
Edwin Arbus
Maker
@spencermh You might be able to deduct it as a business expense, but you’ll want to talk to your tax advisor first. We have a little more on this in our FAQ: https://stripe.com/docs/climate/....
An
This is awesome!! 🤩
Prakhar Shivam
More efforts like this which align the business incentives with the environmental impact initiatives are needed. Kudos to the Stripe team for executing this. It is a good approach!
Kristin Ides
A big congrats to Stripe and a bigger congrats to innovative enterprises like Climeworks that will benefit from this!
Jonathan Taylor
Well done! It's actually hard as a business owner to know how to contribute to this cause -- I applaud the team for taking this step. Kudos!
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