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Market
Public perception of direct air capture technology by end of 2025
2
Resolution / Starting Odds
Highly positive • 25%
Somewhat positive • 25%
Neutral • 25%
Negative • 25%
Surveys, public opinion polls, and major environmental publications
Story
Climeworks Opens World's Largest Carbon Capture Plant in Iceland, Targets 36,000 Tons Annually
May 8, 2024, 07:30 PM
Climeworks has launched the world's largest direct air capture facility named 'Mammoth' in Hellisheiði, Iceland. The plant aims to extract 36,000 tons of CO2 from the atmosphere annually and has a theoretical maximum capacity of 1 million tons of CO2 per year. Critics argue about the high costs associated with the technology, noting that it costs $1,000 per ton to remove CO2 at this facility, compared to other methods like those offered by Terrapass for $6.25 per ton. Despite skepticism regarding its practicality and cost-effectiveness, Climeworks CEO Christoph Gebald stated that the challenge of carbon removal can't be met by a single solution but requires scaling promising technologies.
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