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Report urges dramatic scale-up of engineered CO2 removal by midcentury

S&P Global · Siri Hedreen · last updated

Construction begins on direct air capture company Climeworks’ Mammoth plant in Hellisheiði, Iceland, in 2022. The technology is one of several “novel” approaches to CO2 removal defined in a recent report. Source: Climeworks

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Related Knowledge Center: Carbon capture

State of Play

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. 

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