May 14, 2024 CO2 removal is a crucial step on the path to achieving net-zero emissions. Getting there, however, requires hefty investments, senior partner Mark Patel and colleagues explain. To meet 2050 net-zero goals, as much as $16 trillion in cumulative investment in CO2 removal may be needed—but investment so far is only $5 billion to $13 billion. The gap between expected investment and what is need by the end of this decade to achieve 2050 targets is $400 billion to $1.6 trillion.
To read the report, see “Carbon removals: How to scale a new gigaton industry,” December 4, 2023.