What's Happening?
Frontier, a carbon removal clearinghouse founded by Google, Stripe, and others, has announced a $31.3 million investment in geoengineering startup Planetary to purchase 115,211 metric tons of carbon removal credits. The deal involves enhancing ocean alkalinity using magnesium hydroxide to boost the ocean's ability to absorb carbon dioxide. This method aims to mitigate ocean acidification and remove over 1 billion metric tons of carbon dioxide annually.
Why It's Important?
Enhancing ocean alkalinity offers a promising solution to combat climate change by increasing the ocean's capacity to absorb carbon dioxide. This approach addresses the issue of ocean acidification, which threatens marine life and ecosystems. Frontier's investment in Planetary represents a significant step in advancing geoengineering technologies for carbon removal, potentially contributing to global efforts to reduce greenhouse gas emissions and mitigate climate change impacts.
