Running Tide, a company that raised tens of millions and struck a deal with Microsoft to remove 12,000 tons of CO2, is shutting down, according to a post on its LinkedIn page. This marks one of the first big stumbles in the carbon removal industry, which is still in its infancy despite the growing need to address dangerously high greenhouse-gas emissions. Experts argue that achieving net-zero emissions requires a multifaceted strategy that goes beyond carbon removal to include full greenhouse gas management and nature-positive impacts.
From @WSJopinion: We should welcome, not bemoan, the energy transition’s passage through the issue-attention cycle. It means that today’s ineffective, inefficient, and ill-considered climate-mitigation strategies will be abandoned, writes Steven E. Koonin. https://t.co/p98mma5OCl
The industrial sector, voracious in its energy consumption, significantly contributes to greenhouse gas emissions. A holistic approach to achieving net-zero emissions in this sector necessitates a multifaceted strategy. By @antgrasso #sustainability #netzero https://t.co/bGwGvkNhFt
High integrity, high quality C02 removal. Raised $mm’s. Microsoft a big buyer. Shutting down? Lesson: carbon removal-only ROI neccesary but not sufficient. Need strategic impact beyond carbon only (full GHG, nature positive) with more financial impact? https://t.co/s2FiTW8WG0
Running Tide, which raised tens of millions & recently struck a deal w/ MSFT to remove 12,000 tons of CO2, is shutting down, according to a post on its LinkedIn page. That would seem to mark one of the first big stumbles in the carbon removal space: https://t.co/LjoaNqoskh
Net zero policies for our energy sector are about degrowth and de-industrialization, not serious climate solutions. Serious climate solutions take into account economic prosperity and human flourishing. We need to stop punishing energy consumption and economic prosperity. https://t.co/b3BUs9df7w
A growing industry aims to remove carbon from the atmosphere—but it’s still in its infancy, and greenhouse-gas emissions remain dangerously high. https://t.co/AHzW6jruLh