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New York Times
14-02-2025
- Business
- New York Times
Will There Be Enough Power to Remove Carbon From the Sky?
(Editors note: This is the second edition of The Climate Fix, a twice-a-month look at some of the biggest and most promising solutions to climate change. Read the last version here . Got comments? Email us at Climateforward@ .) Thanks in large part to booming data center construction and the surge in artificial intelligence, electricity demand in the U.S. is rising for the first time in decades. But the timing of this rise in demand, as far as the race to fight global warming goes, is awkward. To help fight climate change, the nascent direct air capture industry is racing to develop technology to remove carbon dioxide directly from the sky. But in some areas of the country, the DAC industry is facing a shortage of available renewable energy to run its operations, particularly wind and solar power. As David Gelles reported last year, there's been a gold rush of investment over the last several years into companies that aim to pull carbon from the atmosphere, many of which then bury that carbon underground. One chief executive told Gelles that carbon dioxide removal was 'the single greatest opportunity I've seen in 20 years of doing venture capital.' Still, DAC companies, which are working to prove they can scale up their technology, have been vying for limited resources in an increasingly competitive U.S. power market. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.
New York Times
31-01-2025
- Business
- New York Times
The Climate Fix: Africa's Solar Revolution
Editor's note: Last week, the United Nations' climate chief called the global transition away from fossil fuels 'unstoppable,' despite the United States' recent turn away from the fight against climate change under President Trump. That transition is the focus of the revamped version of The Climate Fix . Twice a month on Fridays, we'll bring you original reporting and news of the most important — and most ambitious — solutions to fighting climate change across the world. We'll report on technological breakthroughs, legal developments, new policies, new business models and new companies, as well as local climate efforts. We'll tell you what's new, what has promise and we'll take a critical eye to each approach. Have thoughts about what we're doing? Let us know at Climateforward@ This week, top officials from dozens of African countries convened with major international lenders to commit to the biggest rollout of renewable energy in the continent's history. The $35 billion in loans from The World Bank, African Development Bank and other financial institutions, at below-market interest rates, are aimed at getting electricity to half of the 600 million Africans without it. About half the money will go toward village-level solar grids. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.
