Is carbon removal in trouble?
Source
Published
TL;DR
AI GeneratedMicrosoft, a major player in the carbon removal market, has reportedly paused its carbon removal purchases, causing concern in the industry. Carbon removal technologies aim to extract carbon dioxide from the atmosphere for permanent storage. Microsoft, which aims to become carbon-negative by 2030, has been a significant buyer of carbon removal contracts. The company's decision to pause purchases may impact the industry's growth and reliance on corporate support. Industry experts suggest that government mandates and policies are needed to ensure the scalability of carbon removal efforts.