June 16, 2024

Breakthrough in Carbon Removal: DAC Technology Costs Set to Drop Below $100 per Ton, Bringing Hope for Climate Change Mitigation Efforts

1 min read
New DAC Technology Offers Capture Prices Under $100

A recent development in the field of carbon removal is giving hope to experts that the cost of direct air capture (DAC) technology could drop below $100 per ton, making it more affordable for buyers seeking CO2 removal credits (CDRs). Currently, most DAC technologies are estimated to cost between $400/ton and $1,000/ton or higher, making them too expensive for many potential buyers.

However, with new advancements in emerging technologies for CO2 removal, this cost target could be achieved sooner than expected. This breakthrough has the potential to significantly impact carbon mitigation efforts and the fight against climate change.

Bringing down the cost of DAC technology is crucial for widespread adoption of this technology. Experts have long emphasized that costs should be below $150 per ton in order to promote its use. Although few anticipated that this price point would be achieved before 2030, recent developments in emerging technologies are offering hope that this target could be met sooner than expected.

This significant cost reduction could pave the way for widespread deployment of DAC technology and help mitigate the impacts of climate change. With these new advancements, it’s possible that we may see a shift towards a cleaner and more sustainable future.

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