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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
