Shopify to spend $5 million per year "to kickstart demand in carbon removal"
Shopify's Sustainability Fund is pumping $5 million into projects that remove atmospheric carbon and publishing the results so other companies can follow its lead, fund director Stacy Kauk told Dezeen.
Established in September last year, the fund "intentionally overpays for carbon removal, funding pilot projects and generating demand to kickstart the market and drive down future prices." The Canadian e-commerce brand is sharing its research on its website and in a free downloadable 50-page "playbook" document.
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