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Microsoft is this industry’s no. 1 fan. Others should be, too

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Removing the carbon dioxide we’ve put into the atmosphere and storing it back on Earth might sound like a fantasy, but the sprouts of an entire industry aiming to do just that are emerging. There’s a problem, though: Who’s buying?

Thus far, upward of 13.5 million metric tons-worth of carbon dioxide removal (CDR) credits have been bought, and just 4.7% of those have been delivered, meaning CO2 has been removed and stored. That’s because most of the CDR technologies being sold — ranging from biochar and direct air capture (DAC) to ocean…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Microsoft is this industry’s no. 1 fan. Others should be, too


Removing the carbon dioxide we’ve put into the atmosphere and storing it back on Earth might sound like a fantasy, but the sprouts of an entire industry aiming to do just that are emerging. There’s a problem, though: Who’s buying?

Thus far, upward of 13.5 million metric tons-worth of carbon dioxide removal (CDR) credits have been bought, and just 4.7% of those have been delivered, meaning CO2 has been removed and stored. That’s because most of the CDR technologies being sold — ranging from biochar and direct air capture (DAC) to ocean…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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