Canada-based company, Carbon Engineering Ltd has secured funding to build a plant that will remove CO2 from the atmosphere.
The plant does this by converting it into clean fuels made from air, water and renewable power. This fuel can be used by existing vehicles without any modifications.
The plant has the ability to pull one megaton of CO2 from the atmosphere each year, which equates to the annual emissions of 250,000 cars.
The impact of removing carbon from the atmosphere helps reduce climate change. However, we produce about 40 billion tonnes of CO2 annually. Therefore, for this to have significant impact, the process would have to be done on a large scale.
Building more plants like this would require more funding and resources, while potentially creating jobs.
However, innovations such as this may have unintended consequences. If a belief that carbon emissions can be removed from the atmosphere, could the incentive to reduce emissions could lessen?