NPR

As carbon removal gains traction, economists imagine a new market to save the planet

Carbon removal went mainstream in 2021. But the technology is still light years away from making a real difference combating climate change. A group of economists wants to help change that.
Climeworks factory with it's fans in front of the collector, drawing in ambient air and release it, as largely purified CO2 through ventilators at the back is seen at the Hellisheidi power plant near Reykjavik on October 11, 2021.

Up until recently, the idea of sucking gigatons of carbon dioxide out of the atmosphere to reverse climate change was solidly in the realm of science fiction. For believers, it's been an exciting fantasy in which human ingenuity and technology triumph in saving the planet. For naysayers, it's been a fantastical distraction from the urgent work of cutting emissions. Climate activists fear that focusing on carbon removal might lull us into a false sense of complacency as humanity careens a fossil-fuel-powered locomotive off a cliff. The fact that fossil fuel companies have become prominent advocates for developing carbon removal technologies has only added to their distrust.

But the issue of climate change has become so pressing — and the lack of real political progress in slashing emissions has become so apparent

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