David Blackmon on Forbes writes about the growth of carbon capture in 2021.
- The United States is uniquely positioned to grow and expand carbon capture technologies, due in large part to existing pipeline infrastructure.
- As the world looks to low-carbon energy options, entrepreneurs and businesses such as Elon Musk and Exxon are providing solutions.
- Musk recently announced that he will be giving a $100 million prize for “the best carbon capture technology.”
“’As consumers and investors increasingly reveal preferences for lower CO2 emissions, market agents are shifting their investment and marketing strategies,’ the authors wrote. ‘This provides an opportunity for regulators and policymakers to reduce uncertainties that can impede investment, and explore fiscal measures that provide value to legacy industries and create pathways for growth in new industries.'”
Read the full article here.