Carbon removal is where green investment should go

By Lara Williams

27 Jan 2023 · 4 min read

Editor's Note

Wondering where is best to invest in order to tackle climate change? This Bloomberg piece argues that your green investment should go towards removing CO2 from the atmosphere.

Green investment hit a milestone in 2022: The world put as much money into replacing fossil fuels as it put into producing them, with clean energy investments jumping 31% from 2021 to top $1 trillion for the first time. Of course, it's not job done. Annual investments into decarbonizing the economy must triple for the rest of this decade. One area that's seen a dramatic expansion in investment lately is carbon capture.

Removing carbon dioxide from the atmosphere sounds like a fantastical solution to the climate crisis. Nevertheless, thanks to human interventions, an estimated 2 billion tons of CO2 are currently drawn down and locked up per year - underground, in tree trunks, within minerals, at the bottom of the ocean.

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