Carbon removal industry reckons with a new problem — too many startups

Quick Summary:

Countering climate change requires reducing planet-warming emissions first.

However, inadequate sufficient action means the world would have to draw down CO2 in the atmosphere.

At first, it meant spending millions of dollars of its own money buying carbon removal credits from companies at whatever cost they would sell.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaAustraliaChina

Topics: CO2 Climate change Carbon removal Startups Carbon removal industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 09:54:39 (2 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1631 words

Reading Time: 10 minutes read

Sentences: 49 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © Economic Times

News ID: 21477560

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 2 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 17 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #84

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