Google Invests $10 Million in Carbon Capture Partnership with Holocene
The deal includes purchasing carbon removal credits at a groundbreaking $100 per ton to help scale direct-air capture technology.
- Google partners with Holocene to advance direct-air capture technology with a $10 million deal.
- The agreement involves purchasing carbon removal credits at $100 per ton, a significant milestone.
- Holocene aims to capture and store 100,000 tons of CO2 by the early 2030s using innovative chemical processes.
- Google's support is crucial in overcoming the high costs associated with direct-air capture technology.
- Despite this effort, experts stress that carbon removal cannot replace the need to reduce emissions directly.