A Canadian company, backed by Bill Gates, declared it has gotten to a point where it would be developing technology that can remove CO2 from the air.

A published peer-reviewed study revealed that a bogus amount of money can be saved as it has found a less expensive medium of capturing carbon.

The new innovation will greatly reduce the price of capturing carbon to $100 compared to the current benchmark of about $100.

The company has a current aim of producing synthetic liquid fuels made from carbon and renewable energy.

Scientist have always been suspicious of technologies that tends to capture carbon from the atmosphere in a bid to control climate change. It has been believed that such innovations like building a solar shield in space or seeding the seas with materials to soak up carbon are less effective and potentially dangerous compared to reduction of carbon emission itself.

The idea of extracting carbon from the air is best described as imitating the actions of trees and plants in photosynthesis.

Image result for Step forward in sucking CO2 from air.

The inception of the idea dates back to the mid 1990s and was developed by Klaus Lackner, a scientist. Several other tech companies have since come up with other prototypes, improving upon Lackner’s idea. In 2017, Climeworks unveiled a direct air capture installation that removes carbon and transfers it to a greenhouse where it would be used to fertilize tomatoes and cucumbers.

Experts have lauded the technology being put forth by the Canadian company.

“This is a real step forward, and it’s not just our company saying it,” Prof David Keith from Harvard University, and a founder of Carbon Engineering told BBC News.

“I hope this changes views about this technology from being this thing which people think is a magic saviour which it isn’t, or that it is absurdly expensive which it isn’t, to an industrial technology that is do-able and can be developed in a useful way.”

“What Carbon Engineering is taking to market is first of all carbon neutral fuels, in that sense we are just another emissions-cutting technology, there is no net removal from the atmosphere,” he said.

“We see our long-term fuels plant as being roughly 2,000 barrels a day, but the next one we build will be the first real commercial plant but will be 10 times smaller than that – we are developing that right now, looking for very cheap solar or wind power and looking for investors.”

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