The US government is pouring $1.2 billion (€1.1 billion) into two projects to capture carbon dioxide directly from the atmosphere. It is the “largest investment” ever made in that technology worldwide.
“Just reducing our emissions will not reverse the mounting effects of climate change. We also need to remove carbon dioxide from the atmosphere that we have already released,” Energy Secretary Jennifer Granholm said.
In Texas and Louisiana this will now be done on a large scale for the first time. The intent is that both projects will remove 1 million tons of carbon dioxide annually. This equates to the annual emissions of 445,000 vehicles.
Swiss Climeworks, the most important player in this sector, currently already has a facility in Iceland that captures 4,000 tons of carbon dioxide from the air each year. Climeworks will be involved in the Louisiana project, where carbon dioxide will be stored underground.
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