MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
market
Search

It Could Be a $250 Billion Market, But Almost No One Is Interested

Tuesday April 29, 2025. 08:10 PM , from Slashdot
It Could Be a $250 Billion Market, But Almost No One Is Interested
Carbon removal technologies, potentially a $250 billion market, are failing to gain traction as buyers remain scarce. The Intergovernmental Panel on Climate Change projects a need for 10 billion metric tons of carbon removals annually by 2050, yet only 175 million tons have been sold to date -- less than 2% of requirements.

Microsoft dominates the market, accounting for 35% of all purchases and 76% of engineered removal solutions specifically. The market suffers from significant barriers: unproven technologies, vast price disparities ($80 per ton for forest projects versus $1,000 for direct air capture), and lack of standardization. Industry experts at a recent London gathering concluded that without more buyers willing to accept early adoption risks, the market cannot meaningfully grow.

Read more of this story at Slashdot.
https://news.slashdot.org/story/25/04/29/1754248/it-could-be-a-250-billion-market-but-almost-no-one-...

Related News

News copyright owned by their original publishers | Copyright © 2004 - 2025 Zicos / 440Network
Current Date
May, Fri 2 - 21:22 CEST