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This is different than the carbon sequestration that fossil fuel companies pushed so that they could get billions of government dollars. This is the same company that built the direct air capture plant in Iceland. Carbon removable from the air will be necessary to bring us back to pre industrial levels and needs to be researched. As long as it is using green energy and requires little maintenance like it is in Iceland, it is carbon negative.
To prevent exceeding the 1.5 celsius increase, we need to triple the current uptake of renewables. I can extinguish a candle and say its carbon negative, however it's not really going to help. We can look at other carbon reducing technology after the immediate requirement for renewable installations. I'm all for that, but right now, it's just taking money time and resources away from renewables when we can't afford any delay.
It's not taking anything away from renewables. The renewable investment market is blowing the fuck up.
There's investment money all over the place any sort of renewable/sustainable/green projects. There is far more investment interest than there are companies ready to deliver on any sort of product, and we absolutely will need 2nd+ gen carbon capture.
There is no way to paint this as a bad thing.
I'd agree with you if we were already producing enough renewables. Since we need to triple the current renewable market just to hit 1.5, I don't agree with resources going elsewhere until we are on track there.
There is vastly more funding going to renewables
Yep. We do need more though.
Take it from the fossil fuel subsidies.