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Market
Does Mammoth reach its annual CO2 capture target by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official annual report by Climeworks or verified environmental monitoring agencies
Story
Mammoth, World's Largest CO2 Capture Plant, Opens in Iceland, Targets 36,000 Tons Annually
May 8, 2024, 04:30 PM
Climeworks has inaugurated the world's largest direct air capture facility, named Mammoth, located in Hellisheiði, Iceland. This plant, dubbed Mammoth, is designed to remove 36,000 tons of carbon dioxide from the atmosphere annually. The facility has been described as a significant step in tackling climate change by extracting CO2 directly from the air. However, there are criticisms regarding the cost-effectiveness and practicality of the technology. Critics point out that the cost per ton of CO2 removed at Mammoth is significantly higher compared to other carbon offset methods, with estimates around $1,000 per ton for the Climeworks facility, compared to $6.25 per ton offered by other services.
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Similar markets
Below 20,000 tons • 25%
20,000 to 35,999 tons • 25%
36,000 to 50,000 tons • 25%
Above 50,000 tons • 25%
Yes • 50%
No • 50%
Increased • 50%
Decreased • 50%
Under 500,000 tons • 25%
500,000 to 1 million tons • 25%
1 million to 1.5 million tons • 25%
Over 1.5 million tons • 25%
Climeworks • 33%
Carbon Engineering • 33%
Other companies • 34%