Observers warn the US must do more to boost demand for the carbon removal
Editors Note
We agree that there must be an increase in the demand for carbon renewal but an obstacle of equal or greater dimension is the lethargic regulatory process that governs the CCS. The existing regulatory process is the outgrowth of a program developed by both parties. Those participants who are waiting for a particular presidential candidate to reform the aforementioned program without a strong input directly to the regulators from the regulated firms need to reassess their strategy!
It is noteworthy that we embellish the recent 2024 Emissions Gap Report but at the same time take no immediate action to control toxic emissions into the atmposhpere.
MiT Technology Review
In 2022, the US made a massive bet on the carbon removal industry, committing $3.5 billion to build four major regional hubs in an effort to scale up the nascent sector. But industry observers fear that market demand isn’t building fast enough to support it, even with these substantial federal grants and other subsidies.
