Biden Admin Announces $3.5 Billion in Carbon Dioxide Removal Funding
The federal government is banking big on the idea of a climate change “undo” button. On Thursday, the U.S. Department of Energy declared its official intent to fund $3.5 billion in carbon dioxide removal via direct air capture.
Related Knowledge Center: Carbon capture
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.