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DAC-Climate-Mobilization-Report-20201116.pdf
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Summary

In July 2020, over 70 leaders from various fields gathered for the Direct Air Capture Climate Mobilization Summit, hosted by the Elk Coast Institute, to assess the role of Direct Air Capture (DAC) in addressing climate change. The summit's key findings and recommendations include:
- Scaling carbon removal capacity to 45 gigatonnes by 2040, with a significant percentage powered by DAC, to avoid the most dangerous impacts of climate change.
- Establishing a comprehensive public-private effort to demonstrate DAC technology's performance, scalability, and utilization by 2025.
- Installing DAC capacity of 1 million tonnes per year by 2022 and 8 million tonnes by 2025, combined with a cost reduction to between $50 and $100 per tonne.
- Demonstrating the economic viability of synthetic liquid fuels and materials production at scale using DAC and green hydrogen.
The report emphasizes that mitigation alone is not sufficient to address climate change, and carbon removal is also required. It highlights the importance of rapid scaling of DAC and other carbon removal technologies to achieve a sustainable circular carbon economy. The report calls for global decision-makers to mobilize around DAC deployment to meet the climate challenge and achieve economic and equity benefits.

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In July 2020, over 70 leaders from various fields gathered for the Direct Air Capture Climate Mobilization Summit, hosted by the Elk Coast Institute, to assess...

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  • Language: EN
  • Author: Midea hub
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