Carbon capture has long been criticized as too nascent, too expensive, and too distracting. Is that changing?
This month, the Swiss company Climeworks officially launched a direct-air capture plant in Iceland, called Orca.
The company has already signed deals with SwissRe, Bill Gates, Stripe, and Shopify to sell them credits from the plant. But the tech is still pretty expensive and relatively small scale.
Climeworks wants to build megaton-scale plants by the end of the decade. Lots of other plants are in the works. So what does this commercial launch signal for the carbon-capture industry?
Plus, new research shows just how drastically we need to slash fossil fuels to limit dangerous warming.
And, California tries to fix the busted recycling system with a “truth in advertising” law aimed at plastics companies.
The Energy Gang is a Wood Mackenzie podcast.
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