CO2 QUOTE Closing from Cierre del 06-10-2024 61,92 €/T

CO2 removal prospects

The nascent industry, which removes carbon from the atmosphere and stores it in trees, rocks and oceans, must quadruple in size by 2050 if the world is to keep temperature rise within the internationally agreed limit of 1.5°C. “Carbon sequestration” is defined by the UN’s climate science body, the IPCC (Intergovernmental Panel on Climate Change), as human activity that removes CO₂ from the atmosphere and stores it for decades to thousands of years in geological, terrestrial or oceanic reservoirs or reservoirs. In this way, around two billion tons of carbon are removed annually, mainly through traditional methods such as afforestation and reforestation, wetland restoration and soil improvement.

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