Author Topic: US bets big on carbon-sucking machines  (Read 200 times)

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Offline rangerrebew

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US bets big on carbon-sucking machines
« on: April 19, 2023, 11:36:18 am »
US bets big on carbon-sucking machines
Published on 18/04/2023, 12:10pm

The US has offered $3.5 billion in grants towards direct air capture, hoping to bring down the costs of removing carbon from the atmosphere


A piece of equipment called a distributor used to hold trays of limestone for capturing carbon is seen at the Heirloom Carbon Technologies facility in Brisbane, California, U.S. February 1, 2023. REUTERS/Nathan Frandino/File Photo

By Reuters

The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air.

Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas – the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology.

The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated.

https://www.climatechangenews.com/2023/04/18/us-bets-3-5bn-on-carbon-sucking-machines/
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Offline Fishrrman

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Re: US bets big on carbon-sucking machines
« Reply #1 on: April 19, 2023, 09:56:10 pm »
"US bets big on carbon-sucking machines"

The only thing these contraptions will prove efficient at "sucking" is public funding, of which they will gorge upon billions and billions...

Online GtHawk

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Re: US bets big on carbon-sucking machines
« Reply #2 on: April 20, 2023, 01:35:42 am »
I thought nature already created those, you know trees, bushes, etc.

Offline corbe

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Re: US bets big on carbon-sucking machines
« Reply #3 on: April 20, 2023, 02:07:07 am »
   Sounds like they resurrected the 'Covid Ventilator Scheme' to me.  Ford must be happy.
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