Excellent blog by Peter Diamandis, well worth a read.
In recent years, I've become resigned to our apparent fate regarding climate change, but this article offers some hope.
Direct Air Capture & the Carbon Revolution
Imagine making fuel, plastics, and concrete out of “thin air." That’s the promise of Direct Air Capture (DAC), a technology that fundamentally disrupts our contemporary oil economy.
Mimicking what already occurs in nature, DAC essentially involves industrial photosynthesis, harnessing the power of the sun to draw carbon directly out of the atmosphere.
This captured carbon can then be turned into numerous consumer goods, spanning fuels, plastics, aggregates and concrete (as I write this blog, I’m even wearing shoes 3D-printed from carbon).
A vital component of every life form on Earth, carbon stands at the core of our manufacturing, energy, transportation, among the world’s highest-valued industries.
And in the coming 10 years, sourcing carbon out of the air will become more cost-effective than carbon sourced from the ground (oil).
By 2030, the carbon capture and utilization (CCU) industry is expected to reach $800 billion. And by 2050, that number will surge more than 4X to a $4 Trillion market, according to McKinsey.
Read moreL https://www.diamandi...ect-air-capture