climeworks

climeworks OP t1_irs01s7 wrote

Hey, thanks for your comment, but allow us to jump in here quickly.

We don't want to avoid emission reduction, quite the contrary: we always preach "reduction" first, "removal" second.

DAC+S goes beyond reducing emissions because it allows to remove residual and historic CO2 emissions that are already in the atmosphere, which produces negative emissions.

Unfortunately the United Nations body for assessing the science related to climate change (IPCC) says the use of carbon removal technologies is already “unavoidable” if we want to meet our climate goals, and that by 2050 we’ll need to remove and store 5-16 billion tons per year.
Read more here:
https://www.technologyreview.com/2022/07/05/1055322/we-need-to-draw-down-carbon-not-just-stop-emitting-it/
https://time.com/6197651/carbon-credits-fight-climate-change/

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climeworks OP t1_irrp86c wrote

Hey, since we're the leader in direct air capture technology, we wanted to jump in here real quick and assure you: We're not selling hot air.

We offer the highest-quality carbon removal on the market (only company with a 5-star rating in CarbonPlan’s database: https://carbonplan.org/research/cdr-database/project?id=MSFT047)

Additionally, together with our CO₂ storage partner Carbfix we just developed the world's first full-chain certification methodology dedicated to carbon dioxide removal via direct air capture and underground mineralization storage. This methodology has been validated by the independent quality and assurance leader DNV (read more here: https://climeworks.com/news/certification-methodology-for-permanent-carbon-removal.

But just so we're all on the same page: one measure alone will not be sufficient to mitigate climate change, we need all solutions working together. We need to do everything we can to reduce emissions, and on top of that actively remove carbon dioxide from the atmosphere.

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climeworks OP t1_irrb8k7 wrote

We're at a point where reduction is not enough anymore. We need to remove emissions as well.

To be specific: The United Nations body for assessing the science related to climate change (IPCC) says the use of carbon removal technologies is already “unavoidable” if we want to meet our climate goals, and that by 2050 we’ll need to remove and store 5-16 billion tons per year.

Companies that produce technologies to remove or reduce carbon emissions are “poised for strong continued growth,” reaching an expected value of $1.4 trillion by 2027, according to new market research.

PitchBook predicts that the emerging sector will enjoy an 8.8 percent growth rate over the next five years, “thanks to increasing global focus on aggressive emissions targets and consumer interest in emissions reduction.” That rate could also increase if there were “dramatic regulatory change or technological innovation” during that time, the report for investors said.

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