Net zero strategies are entering a new era as investment into direct air carbon capture solutions increase – Arabian Business

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Middle East
  • Date: 16-May-2022
  • Source: Arabian Business
  • Sector: Economy
  • Country: Middle East
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Net zero strategies are entering a new era as investment into direct air carbon capture solutions increase – Arabian Business

Growing focus on net zero strategies, along with soaring prices for regulated and voluntary carbon credits, mean that carbon management strategies are entering a new era, according to independent sustainability research firm Verdantix. 

The firm predicts a wave of new innovative technology and services providers coming to market with propositions to limit the global temperature rise to 1.5°C by 2050.

In particular Verdantix expects to see dramatic growth in the level of investment in direct air carbon capture (DACC) technology solutions, and the use of these, with the value of traded voluntary carbon credits exceeding $1 billion for the first time in 2021.

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