USA Investing US $ 3.5 Billion For Carbon Removal Technology

The USA energy department launches a program to fund four large -scale projects throughout the country that can eliminate carbon dioxide from the air, invested US $ 3.5 billion in newborn technology which according to Biden administration is needed to fulfill the goal of achieving net zero emissions in the middle of the century at Thursday (May 19).

The agency released an official notification that said it would fund a US $ 3.5 billion program made by the 2021 Bipartisan Infrastructure Law which would create four regional direct air capture centers to spur the spread of technology and transportation infrastructure and carbon dioxide storage.

Panels between government regarding the United Nations climate change released a report last month which said that the world would need technology “Removing Carbon Dioxide” – starting from planting trees that absorb carbon to grow, to expensive technology to suck carbon dioxide directly from the air to meet global needs. Purpose To curb climate change.

“The latest UN climate reports clarify that eliminating carbon heritage pollution from the air through direct air capture and storing it safely is an important weapon in our struggle against the climate crisis,” said Energy Minister Jennifer Granholm.

Carbon removal technology has received great attention and investment in recent months. There are three main direct air capture projects that are being developed that have appeared in North America and Europe but they only suck up a small amount of CO2 from the air today.

Earlier this year, Google, Shopify, Meta, and Stripe technology companies launched US $ 1 billion funds that would buy carbon removal loans during the next decade as a way to encourage the application of technology quickly.

Billionaire businessman Elon Musk last year offered a prize of US $ 100 million to the inventors to develop new carbon removal technology.

Doe said that in the middle of a century, carbon removal needs to be done on the Gigaton scale, which means it must be able to absorb emissions equivalent to around 250 million vehicles driven in one year.