With the Earth having warmed a full degree Celsius since 1900, companies, environmentalists, and investors have gotten behind the idea that we can suck carbon out of the air with machines — although not everyone is buying in.
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The need to steadily wean our economies off carbon emissions has never been more urgent. Since international climate talks began three decades ago, global emissions have increased by 30% and continue to rise between 1% and 2% annually.
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An innovative pathway to reducing carbon emissions is rethinking carbon altogether. Rather than a waste product that must be captured and sequestered to curb emissions, carbon is emerging as a resource that can be converted into high-value products – also known as CCU (carbon capture and utilization). This tool is also providing an opportunity to create market value for carbon.
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