Pulling Carbon From the Sky: A Pricey Climate Solution

Removing carbon directly from the air might seem like a technology of the distant future, but ‘direct air capture’ is increasingly becoming a reality, especially as companies try to figure out how they’re going to meet their net-zero targets. How does DAC actually work, and how seriously should we take it compared to other means of carbon removal? On today’s show, Dana sits down with Sharon Mustri and Brenna Casey from BNEF’s Sustainable Materials team. Together they take a look at the companies that are investing in DAC, the cost of this technology as well as its rival carbon removal methods, and how one can go about storing all that carbon once it’s been filtered and captured. Today’s episode draws from the BNEF research note Direct Air Capture: Market and Cost Outlook, which assesses the DAC market through 2050. Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app. Links to research notes from this episode: Direct Air Capture: Market and Cost Outlook - https://www.bnef.com/insights/32021 Amazon, Microsoft Boost Demand for Carbon Removal Tech - https://www.bnef.com/shorts/s16pkct0g1kw01 Occidental’s Big Buy May Alter Path of $150 Billion Market - https://www.bnef.com/insights/32055See omnystudio.com/listener for privacy information.