DOE Sees Carbon Removal Booming, Citing Investments, Market Pull

July 26, 2022
Top Department of Energy (DOE) officials say efforts to deploy a variety of nascent carbon removal technologies, including direct air capture (DAC), are gaining momentum, driven both by private and public funding as well as a “significant” market pull amid greater demand for low-carbon products. “It wasn’t that long ago that there were some significant crosswinds in this space. We had lots of [research and development], but there wasn’t necessarily a market pull, we didn’t have the full ecosystem aligned,”...


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