The Economics of Carbon Removal with Nan Ransohoff

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.4 • 1.1K Ratings

🗓️ 30 November 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

What happens when there’s demand for a solution that doesn’t quite exist yet? Today, we bring on Nan Ransohoff to talk about this exact problem as it relates to carbon removal, and how Frontier — the initiative out of Stripe that she is leading – is using a nearly $1B advance market commitment to try to jumpstart this market. If you don’t know what that means, don’t worry – we’ve got you covered. Throughout the episode, we discuss the multivariate carbon equation and why emission reductions are not enough, the difference between offsets and permanent removal, who’s paying for tons today, what solutions already exist and how Frontier is vetting them, moving down the cost curve, where policy fits in, and ultimately what success might look like in this nascent industry. This is part 1 of our 3-part series on carbon removal. Look out next week for part 2 and part 3, where we dive into a growing marketplace for carbon and showcase several carbon removal solutions.

Transcript

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0:00.0	This field is so early, we don't want to pickle force yet.
0:06.0	What happens when there's demand for a solution that doesn't quite exist yet?
0:10.0	Today we bring in Nan Rantahov to talk about this exact problem as it relates to carbon removal
0:14.7	and how Frontier, the initiative that she's leading out of Stripe is using a nearly $1 billion advance
0:20.2	market commitment fund to try to jumpstart this market.
0:23.0	Now if you don't know what any of that means, don't worry, we have you covered.
0:27.0	Throughout this episode, we discuss the multivariate carbon equation and why carbon removal is becoming an increasingly important part of that.
0:34.0	We also discuss the difference between offsets and permanent removal.
0:38.0	What solutions exist today and how frontier is vetting them?
0:40.0	How we might move down the cross-curve, who's paying for these tons today, where policy
0:45.1	fits in, and ultimately what success might look like in this very nascent industry.
0:50.4	This is also just part one of our three-part series on carbon removal.
0:53.8	In part two, we dive into a growing marketplace for carbon and in part three we
0:57.7	showcase several carbon removal solutions with the founders that are building them.
1:01.0	Enjoy.
1:02.0	The content here is for informational purposes only should not be taken as legal business
1:08.6	tax or investment advice or be used to evaluate any investment or security and is not directed at any
1:14.1	investors or potential investors in any A16Z fund. For more details we see
1:18.8	A16Z.com slash disclosures. All right. Today we have a very exciting guest and topic. We have Nan Ransahoff from Stripe who's also running their frontier program. And if you're wondering what frontier is, we're going to get into that, but it covers a topic that a lot of people are becoming increasingly interested in. And that is carbon removal.
1:51.0	And before we jump into carbon removal specifically, I think it'll be important for us to understand
1:56.6	what we're going to call the carbon equation, right?
1:59.2	So what goes in, what goes out, how those balance one another, and how collectively we address the carbon problem that we're facing as a world.
	...

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