One of the most important technologies to address climate change got a boost Thursday when a startup said it pulled carbon dioxide from the open air and stored it underground. The company has cashed in on the effort, potentially creating a viable business model that could kick-start a new industry.
Climeworks AG... One of the most important technologies to address climate change got a boost Thursday when a startup said it pulled carbon dioxide from the open air and stored it underground. The company has cashed in on the effort, potentially creating a viable business model that could kick-start a new industry.
Climeworks AG is a leader in the race to remove carbon dioxide from the atmosphere, using a process known as direct-air capture. Customers, including Microsoft Corp. MSFT , paid a significant premium to buy carbon credits generated by Climeworks, allowing them to effectively offset their own emissions.
The unintended consequences of carbon capture won't be felt for decades and could result in massively reduced oxygen production from photosynthesis. Cyanobacteria are extremely sensitive to decreases in CO2, and we rely on them to breath.
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WSJ News Exclusive | Climate Startup Removes Carbon From Open Air in Industry FirstA climate startup removes carbon from open air in a first for the industry, potentially launching an industry to address climate change Hideous contraption And where does the carbon go? Now this is funny. Let’s follow this company over the next couple years. They will probably get millions of taxpayer money before disappearing.
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