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How will government funding for carbon capture technologies change by the end of 2024?
5
Resolution / Starting Odds
Increase in funding • 33%
Funding remains stable • 33%
Decrease in funding • 34%
Government financial reports or official press releases
Story
Climeworks Opens World's Largest CO2 Capture Plant in Iceland Amid Cost Controversy
May 8, 2024, 04:30 PM
Climeworks has inaugurated the world's largest direct air capture facility in Hellisheiði, Iceland, named Mammoth. This plant is designed to extract 36,000 tons of carbon dioxide from the atmosphere annually, aiming to address climate change by removing planet-heating pollution. However, there is controversy surrounding the cost-effectiveness of this technology. It reportedly costs $1,000 per ton to remove CO2 at this facility, compared to other services like TerraPass, which offer carbon removal at $6.25 per ton.
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Similar markets
Increase in Funding • 33%
Decrease in Funding • 33%
No Change in Funding • 34%
Private Investment • 25%
Federal Grants • 25%
State Funding • 25%
Public-Private Partnerships • 25%
Increase • 33%
Decrease • 33%
Remain the same • 34%
Increase in funding • 33%
Decrease in funding • 33%
No significant change in funding • 34%
Fully Funded • 25%
Partially Funded • 25%
Planned but Not Funded • 25%
No Funding • 25%
Decrease in funding • 33%
No change in funding • 33%
Increase in funding • 34%
Significantly more positive • 25%
Somewhat more positive • 25%
Neutral or no change • 25%
Negative or more critical • 25%
Yes • 50%
No • 50%
Increase support for carbon tax • 33%
Decrease support for carbon tax • 33%
No significant change • 34%
