It is one of the few publicly traded companies in the sector. Here are the top 5 carbon sequestration companies to watch for in 2024: Aker Carbon Captureįounded: 2020 A subsidiary of Aker Solutions, Aker Carbon Capture is one of the largest and most established of the carbon sequestration companies. This includes capturing carbon dioxide using large fans, changing the pH of the ocean to store more CO2 to recycling carbon emissions in cement production. The current carbon removal and sequestration market explores a broad range of technologies. That removal capacity should double per year by 2100 as shown in the chart below. Scientists estimated that the world has to remove up to 10 GtCO2 annually from the atmosphere by 2050 to decarbonize. ![]() Hence, carbon sequestration and removal needs to scale up significantly to remove existing emissions and halting continuing carbon emissions. The pace of developing renewable technologies cannot keep up with the rate at which the world is emitting carbon dioxide. What countries around the world have discovered is that this goal is not achievable by implementing renewables alone. ![]() This means that we can only afford to emit 400 gigatons of carbon emissions to stay under this limit. The Paris Agreement signed in 2016 set out an ambitious goal: to ensure that an increase in the average global temperature stays under 2C, ideally 1.5C. The main reason is that carbon sequestration technologies are not just beneficial to honoring our climate commitments, but crucial. The market for carbon sequestration has enjoyed an exponential growth in recent years, attracting vast interest from investors and governments.
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