# Will Climeworks still exist in 2030?

Stripe, a financial-services company, committed last year to spending at least $1M/year on negative emissions and carbon storage technologies, at any price, with the aim of helping these technologies develop. They recently wrote up a summary of their first set of these purchases. This miniseries aims to predict the success of the companies that Stripe chose. Stripe has purchased 322.5 tons of negative emissions from Climeworks at$775 per ton.

Climeworks uses renewable geothermal energy and waste heat to capture CO2 directly from the air, concentrate it, and permanently sequester it underground in basaltic rock formations with Carbfix. Their own price target in the long-term is $100-$200 per ton.