Our technology partner Aircapture brings Direct Air Capture Technology to Oman to launch Project Hajar as part of the #XPrizeCarbonRemoval competition. The regional geologic formation in the area alone has sufficient storage capacity to meet the carbon removal targets identified by the IPCC.
Aircapture will be working closely with 44.01 to utilize cutting edge sequestration technology in remote mountains that provide some of the best large scale subsurface mineralization in the world for the permanent removal of atmospheric carbon.
The State of Carbon Dioxide Removal — Edition 2 is a comprehensive report that provides an independent, scientific assessment of the global state of Carbon Dioxide Removal (CDR) efforts. Here are some key points from the report:
1. Current State and Projections: The report highlights that around 2 billion tons of CO2 are currently being removed annually, mostly through conventional methods such as tree planting. By 2050, to meet the Paris Agreement targets, it is projected that 7 to 9 billion tons of CO2 per year will need to be removed (The State of Carbon Dioxide Removal) (University of Oxford).
2. CDR Methods: The report covers various CDR methods, including novel techniques like biochar, enhanced rock weathering, direct air carbon capture and storage (DACCS), and bioenergy with carbon capture and storage (BECCS). These novel methods currently contribute a small fraction (1.3 million tons per year) of the total CO2 removal but are growing rapidly (LSE) (University of Oxford).
3. Sustainability and Policy: The report emphasizes the need for sustainable CDR practices that align with multiple Sustainable Development Goals. It also highlights the importance of integrating CDR policies into national climate action plans and improving monitoring, reporting, and verification systems (The State of Carbon Dioxide Removal) (CO₂RE – The Greenhouse Gas Removal Hub).
4. Challenges and Recommendations: Despite the growth in CDR activities, there is a noted slowdown in development and a gap between current efforts and the needed scale of CDR. The report calls for increased investment, stronger policies, and a diverse portfolio of CDR methods to ensure robust climate mitigation (University of Oxford) (Smith School of Business).
