![]() There has been some government funding put into DAC, and forward-thinking businesses are buying carbon credits in early-stage DAC projects (such as the portfolio by Stripe, Shipify, McKinsey et al) – but much more funding is needed. The aim is that as DAC projects scale, they get down the cost-curve to around $100 per tCO2. Cost : because DAC uses new, innovative technologies, it comes with the need for large injections of cash to pay for materials, research, development etc – and for carbon credits in DAC to reach an affordable price, because right now it’s just too expensive.Legislative backing: there’s also growing political backing for Direct Air Capture which should help to drive it forward, as governments are seeing the huge potential it could hold to scale up carbon removal and help them meet their climate targets.Again, this means that there’s huge potential to scale up the availability of DAC to remove huge amounts of carbon ( ). One DAC plant uses the same space that a forest of 200 trees would, but the DAC plant removes 1,000 times more CO2 than the trees would over the space of a year. Low land use : DAC plants are also efficient in terms of the space and land required to remove CO2.Location agnostic: CO2 is in the air, everywhere, which means that in theory Direct Air Capture plants could be located absolutely anywhere in the world – which gives it huge potential to scale up and remove vast amounts of CO2.Permanent removal: when combined with long-term storage (such as the geological storage outlined above), Direct Air Capture offers a way to take CO2 out of the atmosphere for good, ensuring it can never be re-released.Early-stage research and technology development is underway to explore whether this can be applied in Direct Air Capture, which could drastically reduce the amount of energy needed. ![]() But, these swing cycles can also be induced using electricity – known as.
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