Luis Garcia of The Wall Street Journal reports on private sector investments into carbon capture.
- Toronto-based infrastructure investor Brookfield Asset Management Inc. has invested $1.3 billion into carbon capture projects in 2022 alone.
- Most recently the asset management firm committed $500 million into LanzaTech NZ, a startup that converts captured industrial emissions into everyday products.
- Carbon tech startups worldwide have received $5.6 billion in new funding in the first half of this year.
- Private sector investments are creating a more sustainable future.
“The declining costs of carbon-capture projects make them more economically viable and offer a way to reduce emissions while other technologies evolve, Ms. Adomait said. She cited hydrogen fuel and direct-air capture, or extracting carbon dioxide from the air, as examples of carbon-reducing technologies still in development.”
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