The fight against climate change is becoming more feasible as innovative technologies are revolutionizing the process of removing CO2 directly from the air. This decarbonization method has the potential to drop costs below $100 per ton, making it affordable for many potential buyers seeking to purchase CO2 removal credits (CDRs) to offset their emissions. Currently, most DAC technologies cost anywhere from $400/ton to $1,000/ton or higher, making them unaffordable for many.
Experts have long emphasized the importance of bringing DAC costs below $150 per ton in order to promote widespread adoption of this technology. However, few anticipated that this price point could be achieved before 2030. The new advancements in emerging technologies for CO2 removal are offering hope for achieving this crucial cost target sooner than expected.
This breakthrough could have far-reaching implications for carbon mitigation efforts and the fight against climate change. With lower costs, more people will be able to invest in DAC technology and offset their carbon emissions, ultimately reducing the amount of CO2 in the atmosphere and slowing down global warming. It’s an exciting time for those who care about our planet’s future and want to take action towards a cleaner and more sustainable world.
