The United States Department of Energy has announced plans to invest $3.5 billion dollars into the direct carbon capture industry.
This new investment aims to push the United States towards its net zero climate goals and reduce the amount of greenhouse gas emissions that enter into the atmosphere. More precisely, the government is aiming to remove one million tonnes of CO2 each year.
In addition, a chunk of the investment will also go towards even more research and development into the technology. Locations for the carbon capture hubs still have yet to be selected.
Already, companies such as Climeworks based in Switzerland and Iceland have deployed different variations of air capture technology to help capture and store carbon dioxide. The direct air capture machines from Climeworks are powered from either renewable or waste energy.