Why Big Tech Is Pumping Big Money Into Companies Pulling CO2 From the Air

📆 19/06/2024 13:37:00
📰 Newsweek

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A wave of funding announcements from Microsoft, Salesforce and other tech giants pours millions into new projects to pull CO2 directly from the air.

With a flurry of major announcements Tuesday, tech giants including Microsoft and Salesforce poured more money into a range of climate solutions designed to pull carbon dioxide directly from the air.The multimillion-dollar investments are the latest moves by high-tech leaders to boost the small but growing field of carbon dioxide removal, or CDR, as they seek to meet ambitious climate goals while consuming mind-boggling amounts of energy.

'Natural solutions tend to be fairly affordable and ready to go, commercially,' he said, but nature's path to carbon removal can be harder to measure.Two of Tuesday's big announcements included using nature to draw down CO2.Microsoft made a deal with BTG Pactual Timberland Investment Group for up to 8 million nature-based carbon removal credits through 2046.

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