Israeli Balloon Tipped as World’s 1st Affordable, Scalable Method for Carbon Capture
High Hopes Lab, in central Israel, which captures frozen carbon 9 miles above Earth, aims to catch 1,000 metric tons per balloon per day, for less than $50 a ton.
The population of the world emits around 50 billion tons of greenhouse gases (GHG) each year, mainly through burning fossil fuels such as coal, oil, and natural gas. This is the main driver of global warming and climate change.
According to Nadav Mansdorf, CEO of High Hopes Lab, based in Ramat Gan in central Israel, around half of the GHG are absorbed by nature each year, while the rest will have to be removed by humanity just to keep the pace of climate change where it is.