New Energy
Carbon Removal Industry Reckons With a New Problem — Too Many Startups
There are more than 800 startups promising to draw carbon dioxide from the air to help the world meet its climate goals. But there may not be enough buyers willing to pay for that service.
Smoke and exhaust rise from a large industrial complex in Liuzhou, China.
Photographer: Qilai Shen/BloombergThis is from the Green Daily newsletter. Sign up to receive it in your inbox.
The newest technology in the fight against climate change has suffered its biggest loss. Last month, carbon removal startup Running Tide announced it was shutting down after failing to secure further funding. It won’t be the last.