31 Mar '16, 9am

How to build a billion-dollar industry to fight climate change

How to build a billion-dollar industry to fight climate change

If our society chooses to meet the ambitious climate goals set at COP21 in December, there soon will be businesses around the globe that make money by cleaning up excess carbon dioxide from the atmosphere. Given that industry rarely pays any penalty for dumping CO2 into the atmosphere today (and they dump a lot of it), this idea of "carbon-negative" industry can sound a bit like science fiction. However, with just a little help from philanthropists, large-scale carbon removal ("negative emissions" [PDF] ) businesses stand poised to prosper in the not-too-distant future — in turn helping to make our long-term climate goals a reality. Carbon removal is critical to make the climate math add up, but often is missing in action. To understand why carbon removal is so important for meeting the Paris Agreement climate goals — and why it presents such a large market opportunity — o...

Full article: https://www.greenbiz.com/article/how-build-billion-dollar...

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