Frontier selects Mati Carbon for its most recent round of pre purchases for its unique scientific MRV process and farmer co-benefits
We are excited to announce that the Frontier fund is facilitating carbon removal purchases from Mati. Frontier is an advance market commitment to buy an initial US$1B+ (US) of permanent carbon removal between 2022 and 2030. Frontier was founded by Stripe, Alphabet, Shopify, Meta, McKinsey and tens of thousands of businesses using Stripe Climate.
This development is significant due to the below three reasons
A nod to Our Scientific Rigor
Over the Summer of 2023, Frontier evaluated 132 applications along with 230 pages of technical reviews on selected applications from Frontier’s global network of scientific experts. Our emphasis on robust MRV (Monitoring, Reporting, and Verification) and dense sampling ensures data-driven accuracy in our models. To this end, we have partnered with the Yale Center for Natural Carbon Capture (YCNCC) and Leverhulme Center for Climate Change Mitigation (LC3M) who have been conducting pioneering research on enhanced rock weathering.
Putting Global South on the carbon removal Map
Climate change impacts are likely to be felt the most in regions where the World’s most marginalized communities reside. Ensuring that the benefits of carbon removal economics reach these communities is a key part of the Mati carbon mission. In the current cohort of companies selected by Frontier, Mati is the only supplier that is a subsidiary of a non-profit supplier working exclusively in the Global South. Mati is using utilizing a business model specifically tailored to reinvesting in partnered farmers. Moreover, initial field deployments have shown quantifiable agricultural co-benefits after applying basalt to rice paddies. Together, the economic benefits of burgeoning carbon dioxide removal market and agronomic co-benefits will be a boon to farmers working in some of the poorest areas of the world.
Mati intends to make a positive impact by:
- Conducting permanent cost effective carbon removal with profits reinvested into smallholdersmall holder farms and their communities
- Improving crop productivity of sustenance farmers
- Creating local jobs enabling rural economies
Larger Offtakes in Future
The pre-purchases by rontier enables us to become eligible for large scale offtakes from frontier and other carbon removal buyers in the future.This gives us much needed financial visibility enabling us to scale rapidly going ahead. If you are looking to purchase cost effective, permanent carbon removal with co-beneifts for farmers, write to us on email@example.com.