Game-Changer: CO2 Removal Becomes More Affordable as Direct Air Capture Costs Drop to $100 per Ton

Advancements in emerging technologies have made direct air capture (DAC) of CO2 more affordable, with the potential cost dropping below $100 per ton. This decrease in cost is seen as a significant milestone that could lead to widespread deployment of DAC methods. Currently, the estimated cost of most existing DAC technologies ranges from $400 to $1,000 per ton or higher, making it inaccessible for many potential buyers looking to purchase CO2 removal credits (CDRs) to offset their emissions.

The declining cost of DAC is viewed as a game-changer in the fight against climate change, as it provides a viable option for companies and countries looking to achieve their carbon reduction goals. By making the process more cost-effective, DAC could pave the way for a shift towards a more sustainable future. As advancements in technology continue to drive down costs, the possibility of widespread adoption of DAC is becoming increasingly realistic in the near future.

Experts emphasize that reducing DAC costs to below $150 per ton is crucial for increasing its adoption. While many believe this milestone would not be achieved before 2030, recent developments in technology are accelerating progress towards making DAC more economically feasible. This has sparked optimism in the industry about the potential for mass-scale implementation of DAC as a solution for reducing carbon emissions.