The U.S. government needs to allocate approximately $100 billion annually towards carbon dioxide removal by 2050 to mitigate extreme climate change, a substantial increase compared to previous commitments. This investment is crucial for developing carbon removal technologies and companies to combat rising temperatures.
Carbon removal companies employ diverse natural and engineered methods to enhance the planet's carbon absorption capabilities. The significant funding requirement for this industry is influenced by scientific and economic considerations, as highlighted in the report.
Even in scenarios where carbon dioxide emissions decline rapidly and key ecosystems are preserved, billions of tons of CO2 extraction from the environment will be necessary to prevent global warming beyond 2 degrees Celsius. This aligns with the warming target set in the Paris Agreement based on scientific assessments.
#carbon-removal #climate-change-policies #government-spending #environmental-impact #climate-science
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