Fri. Jun 14th, 2024
New DAC Technology Offers Capture Prices Under $100

The fight against climate change is gaining momentum as innovative technologies are revolutionizing the process of removing CO2 directly from the air. With costs potentially dropping below $100 per ton, direct air capture (DAC) technology could become more affordable for many potential buyers seeking to purchase CO2 removal credits (CDRs) to offset their emissions. Currently, most DAC technologies are estimated to cost anywhere from $400/ton to $1,000/ton or even 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.

The reduction of CO2 removal costs would pave the way for widespread deployment of DAC technology and make it more accessible to a wider range of buyers. This would be a significant step towards achieving net-zero emissions and reducing the impact of climate change on our planet. As we continue to innovate and develop new technologies, it is important to keep pushing towards lower costs and greater accessibility in order to effectively tackle this global crisis.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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