climeworks OP t1_irs01s7 wrote on October 10, 2022 at 4:23 PM

Reply to comment by wyl1e in The emerging climate tech sector will enjoy an 8.8 % growth rate over the next five years: tech companies that remove/reduce CO₂ emissions are “poised for strong continued growth,” reaching an expected value of $1.4tn by 2027 by climeworks

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/

wyl1e t1_irs3rdc wrote on October 10, 2022 at 4:48 PM

Carbon Credits are an absolute joke. DAC is extremely cost inefficient and is a distraction we should stop pushing. Corporate accountability is the first and best way and we need our governments on board. Everything else is a waste of time and money.

Edit: How about those natural "DAC" things we have on earth, called trees? How about changing the way we farm and dropping this money into subsidizing new practices instead of these big useless fans?

Emerging-Dudes t1_irsh3wo wrote on October 10, 2022 at 6:17 PM

Exactly. The best way to reduce carbon emissions is for wealthy nations to consume less, and best way to sequester carbon is to regenerate topsoils worldwide. Transition away from industrial, fertilizer based food production towards regenerative agriculture and permaculture. Oh, and plant more trees, whilst also putting a stop to deforestation for beef and pork production.

DAC is just another way for “technology” companies squeeze blood from the stone that is late stage capitalism.