Reported 4 months ago
Tech companies are increasingly investing in carbon removal startups as they aim to meet climate change goals while facing challenges posed by their AI technology's energy consumption. Carbon removal projects, such as direct air capture and reforestation, are seen as essential to reaching net-zero targets, with companies like Microsoft purchasing carbon credits and investing in removal technologies. Despite the surge in investments, challenges remain in quantifying impact and ensuring the integrity of carbon removal processes. Regulatory mandates for net-zero goals are anticipated to drive demand for carbon removal technologies, prompting companies to invest in nascent technologies with clear monitoring and verification processes.
Source: YAHOO