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Shopify purchases 10,000 tonnes of carbon removal from Carbon Engineering
E-commerce giant Shopify has agreed to purchase 10,000 tonnes of direct air capture (DAC) carbon removal from Squamish-based startup Carbon Engineering. This new purchase is in addition to a previous 5,000-tonne commitment Shopify made with Switzerland-based Climeworks.
The purchase of carbon removal is being made through Shopify’s Sustainability Fund, which launched in 2019.
Shopify claims it has now purchased more tonnes of DAC carbon removal than any other company in history. A spokesperson for Shopify told BetaKit the e-commerce company verified this claim with Carbon Engineering and Climeworks, and also measured its purchase against all publicly disclosed DAC purchases to date. The spokesperson declined to disclose the price of the latest purchase to BetaKit.
On a barren hillside in south-west Iceland, workers are installing huge fans to suck carbon dioxide from the air and turn it to stone deep below ground, in a radical - but expensive - way to fight global warming.
Engineering fixes for climate change are gaining attention and investments in 2021 as companies such as Microsoft and leaders from China, the United States and the European Union work on long-term plans to achieve net zero emissions goals.
A view of machines used to capture carbon dioxide directly from the air, at a Climeworks plant in south-west Iceland. PICTURE: Climeworks
Elon Musk, chief of Tesla Inc and a billionaire entrepreneur, said in January he would give a $US100 million prize for the best technology for capturing carbon .