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The market for carbon removal is expanding rapidly and hundreds of millions are pouring in. Companies are pulling carbon dioxide out of the atmosphere, and now theres increased attention on how and where that CO2 is going to be stored. The market for carbon dioxide removal has basically had an exponential development over the past two and a half years. Major technology companies like Stripe, Alphabet, Meta and Shopify have committed nearly a billion dollars in early stage funding to carbon removal startups that take legacy carbon emissions out of the atmosphere and store that CO2 permanently. Thats different than capturing emissions from a smokestack or recycling carbon to make temporary products like carbonated beverages, plastics or fuels. Experts say that we need to remove 10 billion tons of CO2 from the atmosphere every year by 2050. And to get there, well need to do more than plant trees. No matter how rapidly the world decarbonizes, carbon removal remains a necessity. We have
