by Katie Gilbert
Why would Stripe, Inc.—the producer of payment-processing software for businesses large and small—have anything to do with funding cutting-edge solutions for the removal of climate-change-causing carbon dioxide?
It’s a fair question, acknowledges Gernot Wagner, a climate economist and senior lecturer in the economics division at CBS. And it was in large part because of this understandable (and common) sense of dissonance that Wagner invited to his policy class Nan Ransohoff, head of Stripe Climate.
In short, Stripe is building up its capacities to take on climate change for many of the same reasons CBS is, too: because the need to fend off the devastating effects of a changing climate is a critical strategic imperative for any business that hopes to operate many decades into the future.
Continue reading at business.columbia.edu.
Related:
Wagner, Gernot. “Stripe Climate: Creating a Market for Carbon Removal.” Columbia CaseWorks #240305 (Spring 2024).