ENVIRONMENT
SITUATION;
- $2B has been allocated by companies;
Hotbed of Financial & Tech Investment Emerging;
Transition to Capture & Storage underground;
Companies are willing to pay for removing carbon;
SOLUTIONS
Large tech & consulting firms promise to pay more for removal;
Removal & Storing carbon underground for many years
Use of Direct Air removal process;
Carbon collection under ground is like trash pickup process
Companies like Carbon Engineering engage in direct air capture;
STATS:
Business has committed $ 1,5 B
Only $ 5 M in revenue –
Expected to reach $1T by 2050;
SOURCES
WSJ
https://www.wsj.com/articles/carbon-removal-industry-draws-billions-to-fight-climate-change-11654640329
“ Carbon-Removal Industry Draws Larger Investments”
COMPANIES:
Lowercarbon [Jan Wurzbacher]
Climeworks
Charm Industrial [heated up corn]
Stripe
Occidental Petroleum
Airbus SE
