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Stripe, Shopify, and the E-Commerce Approach to Drawing Down Carbon

The two online shopping platforms are both investing in carbon removal—and more importantly, they’re showing their work.

Stripe To Offer Citi, Goldman Accounts Through E-Commerce Giants
Photographer: David Paul Morris/Bloomberg

Clean electricity can take us deep into the decarbonized the global economy. Electrifying transport can take things even further, followed by new lower-emission industrial processes. But if we want to have net-zero carbon emissions, we’ll almost certainly need to remove carbon from the atmosphere in measurable, verifiable, massively scaled ways.

That will be hard, expensive work. But already two companies are pulling away from the field on implementing novel ways to remove carbon. They’re not the industrial or petrochemical or engineering behemoths you might expect—one is on a mission “to increase the GDP of the Internet,” and the other began as an online snowboard shop.