Climeworks https://climeworks.com/ and Accenture http://www.accenture.com/ are collaborating to use new digital technologies to develop a carbon direct air capture and storage plant in Iceland. The carbon removed from the atmosphere will be sequestered underground where in two years it will turn to stone.
This can certainly help as one component of a larger decarbonization strategy, but how big can carbon capture and storage facilities scale when we are putting 50 billion tons of CO2 into the atmosphere each year? As example, it would take 10 million of this size plant that captures 4,000 tons of CO2 per year, to do the job. Read more HERE to understand the role of this technology in decarbonizing the economy to meet the 2050 net-zero GHG emissions.