{
Robert Höglund

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001122334455554433221100
001122334455554433221100

demand for carbon removal struggles despite significant government investment and support

Concerns are rising over the sustainability of the carbon removal market, as major buyers like Microsoft dominate purchases, accounting for over 77% of 2024's total. Despite a $3.5 billion federal investment to build direct air capture hubs, demand remains insufficient, prompting calls for increased government support to ensure the sector's viability. Without broader participation and policy-driven demand, the future of carbon removal projects may be at risk.
MIT Technology Review
United States Dollar Stripe Meta Platforms, Inc. JPMorgan Chase & Co. Shopify Inc. Google Inc. AT&T Inc. Microsoft Corporation Amazon.com, Inc. USA Jack Andreasen Robert Höglund Noah Deich Julio Friedmann Giana Amador Show more
Finance & Economy, News Article
15:00 10.10.2024
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