“Growing Adoption of Direct Air Capture Technologies”
- The carbon dioxide removal (CDR) market is witnessing a significant trend in the growing adoption of direct air capture (DAC) technologies. These systems extract carbon dioxide directly from ambient air, offering a scalable and measurable approach to reducing atmospheric CO₂ levels. Companies are increasingly investing in DAC due to its potential to meet net-zero targets and regulatory compliance.
- Direct air capture is gaining traction as a preferred method for achieving negative emissions, especially in regions with ambitious climate commitments such as the U.S. and Europe
- Startups and major corporations alike are launching commercial DAC facilities, such as Climeworks in Switzerland and Carbon Engineering in Canada
- The decreasing cost of DAC technology, combined with technological improvements in sorbent materials, is making these systems more economically viable
- Partnerships between energy companies and tech innovators are accelerating DAC deployment—for example, Occidental’s collaboration with Carbon Engineering
- Governments are supporting DAC through funding and tax credits, further boosting its global market penetration
