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It’s getting cheaper to filter carbon dioxide out of the air
The technology is still too expensive to rely on to fight climate change.
To date, there are about a couple dozen direct air capture plants around the world capable of drawing down about 0.01 million metric tons of CO2 cumulatively per year. The International Energy Agency has predicted that DAC plants need to draw down 85 million metric tons of CO2 by the end of the decade to meet goals set by the Paris climate agreement. The first will be in Louisiana, where the Biden administration chose Climeworks to be one of the first companies it’s giving funds to as part of a$3.5 billion program to develop at least four DAC hubs across the US.
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