Businesses and trade groups call for global negative emissions drive
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Climeworks direct air capture technology | Credit: Climeworks
Current levels of investment in negative emissions technology fall far short of levels required to cap temperature rise in line with Paris goals, new coalition warns
Leading UK businesses, trade associations, and investors have teamed up to issue a call for a rapid roll-out of negative emissions solutions, warning that global climate goals are being jeapordised by low levels of investment in projects that could suck greenhouse gases from the atmosphere.
The new Coalition for Negative Emissions, which includes direct air capture technology firms Climeworks and Carbon Engineering, trade bodies the NFU and EnergyUK, energy giant Drax and business group CBI, has today warned current investment in so-called 'negative emissions' solutions must increase 30-fold if the world is to move onto a trajectory that would meet the Paris Agreement's more stretching target of limiting temperature increases to 1.5C.