The US just invested more than $1 billion into carbon removal / The move represents a big step in the effort to suck CO2 out of the atmosphere—and slow down climate change.::undefined
The US just invested more than $1 billion into carbon removal / The move represents a big step in the effort to suck CO2 out of the atmosphere—and slow down climate change.::undefined
The problem is, that this technology is already being used to greenwash fossil fuels. There’s a gas power plant currently running that got subsidies and good press for building a CCS facility next to the power plant. Something like 1% of the emissions were actually sequestered, but millions were wasted.
If these subsidies are actually tied to reasonable requirements, I’m all in. History shows, though, that this is usually not the case.