Dr. Marcius Extavour, chief scientist and government vice chairman of the XPRIZE Circular Carbon Network, talks concerning the state of the carbon capture industry and the winners of the primary spherical of the $100 million round carbon problem funded by Tesla founder Elon Musk. They lately awarded $15 million, which was break up amongst a gaggle of 15 promising groups working to make carbon seize and removing scalable and environment friendly on the gigaton degree. Marcius shares particulars concerning the winners and what applied sciences look like probably the most promising path to eradicating 150 years of extra industrial and different human CO2 emissions from the environment. As previous guests have explained, CO2 is a fundamental constructing block for fuels, chemicals, construction materials, and myriad consumer products. The indicators recommend that, if we are able to finish emissions by 2050, the planet’s environment may very well be cleaned up by 2100.
The Round Carbon Community studies that investments in carbon capture quadrupled between 2020 and 2021, rising by $875 yr over yr to roughly $3 billion invested in complete thus far. The XPRIZE research additionally discovered that carbon expertise firms are already producing income — 29% of the businesses reported incomes greater than $1 million in income, and 56% of all carbon companies have some paying clients. This is a vital trade to observe — it might take away the trillions of tons of anthropogenic carbon dioxide within the environment and finally return us to pre-industrial CO2 ranges. You’ll be able to study extra concerning the XPRIZE Round Carbon Community at circularcarbon.org.
