A team of international scientists operating in Iceland has announced a major breakthrough in direct air capture (DAC) technology that significantly lowers the cost of removing CO2 from the atmosphere. By utilizing a new type of organic filter powered entirely by geothermal energy, the facility has managed to increase its capture efficiency by 40% compared to previous models. This advancement is seen as a vital milestone in meeting the global goals set by the Paris Agreement, as it makes large scale carbon removal more economically viable for private corporations.

The captured carbon is being mineralized and stored deep underground in basalt rock formations, a process that turns the gas into stone within two years. Several major airline and tech companies have already signed long term contracts to purchase carbon credits from this facility to offset their unavoidable emissions. While environmentalists caution that carbon capture should not replace the urgent need to phase out fossil fuels, they admit that this technological leap provides a necessary tool for reaching net zero targets in heavy industries.