5 Carbon Dioxide Removal Developments That Defined 2024

Quick Summary:

These developments underscore the increasing feasibility of scaling DAC solutions, with global capacity for planned and announced projects surpassing 1 million tons annually for the first time.

At COP29, governments agreed to rules on how countries can create, trade and register carbon removal credits, creating more certainty in the market.

Corporate commitments to carbon removal ramped up significantly in 2024, with long-term purchase agreements marking a key trend.

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Article Details

Author / Journalist: Phil De Luna, Contributor

Category: StartupsTechnology

Markets: United StatesCanadaIceland

Topics: Innovation Sustainability Standard /innovation /sustainability

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 16:25:42 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: forbes.com

Language: English

Article Length: 952 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Forbes

News ID: 24571232

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About Forbes

Main Topics: StartupsTechnology

Official Website: forbes.com

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Year Established: 1917

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News Last Updated: 13 hours ago

Coverage Areas: United States

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