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Illustration: Annelise Capossela/Axios

Carbon Engineering, a firm looking to commercialize nascent "direct air capture" tech, just unveiled a new retail offering for its services in partnership with the firm BeZero Carbon.

Driving the news: The new service is basically about buying future removal in smaller amounts than the startup has previously offered and packaging them with other removal options via BeZero.

  • Carbon Engineering is planning to build commercial-scale facilities. Ahead of that construction, BeZero has "pre-purchased" removal that it will, in turn, sell to clients, which can also be part of a "basket" of "removal offsets."

Catch up fast: Carbon Engineering opened its doors for removal purchases earlier this year, with inaugural customer Shopify ordering 10,000 tons of CO2 removal.

  • But that service has a minimum purchase of 100 tons. Customers pre-purchasing through BeZero’s platform buy removal amounts of any size, Carbon Engineering tells Axios, which expands the pool of companies and people.

The big picture: It's the latest sign of an expanding suite of ways that businesses — and even individual clients — can purchase services or make investments that, if all goes well, will directly result in the removal of CO2 already in the atmosphere.

Here are some other examples (not a complete list)...

  • May brought the launch of the nonprofit group Climate Vault. It's complicated but involves the purchase of emissions permits from regulated trading markets, which are then monetized to finance removal efforts.
  • The Swiss DAC firm Climeworks launched a retail subscription service in 2019.
  • The startup Nori has launched a soil carbon removal market.
  • Last month Nasdaq took a majority stake in the firm Puro.earth, a business-to-business trading marketplace for carbon removal credits.
  • Elsewhere, the online payments company Stripe last year launched "Stripe Climate," which allows users of its platform to direct some revenues toward companies investing in CO2 removal tech.

Why it matters: There's growing interest in CO2 removal, a basket of tech and methods like direct air capture, afforestation, carbon mineralization and much more.

  • Corporate heavyweights including Amazon, Microsoft, BP, Chevron and Bill Gates' Breakthrough Energy Ventures are investing in various kinds of "negative emissions" startups.
  • It comes at a time when global efforts to cut emissions are nowhere near on the scale needed to meet the goals of the Paris agreement.
  • A major 2018 report by the United Nation's science panel found that pathways to limiting warming to 1.5ºC — the Paris deal's most ambitious goal — rely on varying levels of removal.

Yes, but: Removal doesn't replace the need for steep emissions cuts to meet the Paris Agreement goals, and verification can be a mixed bag too.

  • Also, it's extremely unclear when and to what degree carbon removal will be deployed at a significant scale.
  • Experts warn that potential carbon removal deployment in the future should not be used to delay or weaken emissions mitigation, especially given all the uncertainties.

Go deeper

Updated Sep 8, 2021 - Politics & Policy

Virginia removes Robert E. Lee monument in Richmond

The statue of Robert E. Lee is lowered from its pedestal on Sept. 8 in Richmond, Virginia. Photo: Alex Wong/Getty Images

Virginia took down Richmond's Robert E. Lee statue on Wednesday, days after the state's Supreme Court paved the way for its removal.

Why it matters: It's the latest Confederate monument to come down following the racial justice protests that erupted after the murder of George Floyd last year. It comes two months after a Lee statue was removed in Charlottesville.

Study: Vast majority of fossil fuels needs to stay in ground to hit Paris targets

Phillips 66 oil refinery from Ken Malloy Harbor Regional Park, Wilmington, Calif. (Citizen of the Planet/Education Images/Universal Images Group via Getty Images)

Vast quantities of oil, natural gas and coal need to stay in the ground in order for the world to have even a 50% chance of meeting the Paris Climate Agreement's temperature target, a new study finds.

Why it matters: The research paints a stark picture of a world in which fossil fuel production must begin declining either now or within the next few years.

GOP Rep. Gonzalez retires in face of Trump-backed primary

Ohio Rep. Anthony Gonzalez (R) Photographer: Stefani Reynolds/Bloomberg via Getty Images

Ohio Rep. Anthony Gonzalez (R) announced his retirement on Thursday, declining to run against a Trump-backed primary challenger in 2022.

Why it matters: Gonzalez has suffered politically since siding with House Democrats to impeach the 45th president after the Capitol riot.