Now the state of California is working on plans to use carbon capture to reach its aggressive goal of carbon neutrality. He likens it to the fast rise of electric vehicles, solar panels and wind farms. And I think those are the kinds of investors that see that there's a long-term return on this," said Beuttler. "It has to become a trillion-dollar market. "This has to reach several gigatons in terms of scale and not just technologies like direct air capture, but all carbon removal solutions combined. To put it in perspective, globally we are emitting 40 billion tons.īeuttler calls the plant a "drop in the bucket," but the bucket is getting bigger fast, as new companies like Climeworks, as well as governments, seek to monumentally expand what is called direct carbon capture. The plant in Switzerland removes about 900 tons of carbon dioxide per year, according to Climeworks policy chief Chris Beuttler. The company behind it, Climeworks, is one of the few offering the technology to basically vacuum the atmosphere of carbon. So-called direct air capture is the leading edge of what could become the largest environmental industry aimed at saving the planet. Just outside Zurich, more than a dozen massive fans are fast at work, cleaning the air of carbon dioxide. There is, however, a technology that's being touted as a way to get us there faster - vacuuming carbon from the atmosphere - and major investors are now piling in. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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