Removing carbon is just half the battle - we need to store it too
There is an urgent need to scale carbon removal methods. The IEA has outlined that by 2050 we will need 980 million tonnes of DACCS and 1.3 billion tonnes of BECCS if we are to have any hope of meeting our global climate targets. While the capture component of carbon removal is well established in carbon markets, the “CS” - carbon storage - of DACCS and BECCS is a less developed industry with storage value chains acting as a severe bottleneck to the scaling of these carbon removal methods.