Innovating Carbon Removal: A Billion-Dollar Vision

This chapter explores the launch of a groundbreaking carbon removal initiative aimed at creating a billion-dollar market, detailing its significance for attracting investment and innovation in the sector. The discussion covers the intricate financing mechanisms, particularly offtake agreements, that underpin the support for various carbon removal technologies, including direct air capture and innovative mineralization methods. Additionally, the chapter highlights the ongoing debates within the climate community regarding the efficacy and ethical considerations of carbon removal strategies in conjunction with emissions reductions.