Catch and (Don’t) Release - Most Carbon Dioxide Removal Is Costly

In the European Union, that share is almost 80%.5 However, most of the claims of present and future carbon neutrality have been supported by the purchase of carbon offsets, many of which some experts believe are ineffective and do not represent actual reductions in global emissions.6 A carbon offset is the equivalent of a reduction in greenhouse gas emissions through reforestation, sequestration,. [...] DACC is the most ambitious and energy-intensive method for reducing the concentration of CO2 in the atmosphere: ambient air is captured and processed to split apart the CO2. [...] But because the overall concentration of CO2 is only slightly more than 400 parts per million, enough to cause the warming of the planet but only 0.04% of the ambient air, large volumes of air need to be processed to capture and extract meaningful quantities of CO2. [...] For example, Microsoft, the technology firm, and Square, the financial services company, have both agreed to pay for the removal of 10,000 and 2,000 metric tons of CO2 over the next 10 and nine years, respectively.17 While the exact terms of their 6 Catch and (Don’t) Release ConferenceBoard.org about:blank Economy, Strategy & Finance Center agreements are not known, the likely costs over the next. [...] In the case of Microsoft, the company has stated that it intends to be carbon neutral by 2030 and will have removed all its historical emissions since the founding of the company by 2050.18 Corporate clients have utilized the DACCS facility located in Iceland.