News
Carbon-Removal Industry Draws Billions to Fight Climate Change
In the past two months, businesses and investors have pledged roughly $2 billion to back emerging technologies that promise to remove carbon dioxide from the atmosphere, which is seen as crucial to limiting climate change.
The commitments to the nascent industry of carbon removal have boosted its financial backing by about 30 times. The promised cash is turning carbon removal into a hotbed of technical and financial innovation.
Related Knowledge Center: Climate impact and adaptation
State of Play
As the impact of climate change becomes more pronounced, more governments and companies are adopting adaptation strategies.