Google Announces a Market-Shifting Deal to Capture CO2
Matilda
Google Announces a Market-Shifting Deal to Capture CO2
In a significant move aimed at transforming the carbon capture industry, Google has announced a groundbreaking deal with Holocene, a promising startup in the carbon removal sector. This deal, which centers around capturing carbon dioxide (CO2) at an unprecedented low cost of $100 per ton, represents a major shift in the landscape of climate technology. As global efforts to combat climate change intensify, this agreement not only underscores Google’s commitment to environmental sustainability but also sets a new benchmark for the carbon capture industry. Overview of the Deal Google’s agreement with Holocene marks a pivotal development in the quest for affordable and scalable carbon removal solutions. The deal stipulates that Holocene will capture 100,000 tons of CO2 by 2032, with Google paying a significant portion of the $10 million total cost upfront. This financial backing is crucial for Holocene, allowing the startup to advance its technology and expand its operations. The low price …
