The Myth of DAC Shattered! The Cost Reduction Logic of Photovoltaic Cells Does Not Apply to Direct Air Capture, Physical Limits Prevent Dramatic Cost Drops
In recent years, the astonishing drop in costs of photovoltaic (PV) and lithium batteries has sparked strong expectations in the climate policy and investment communities. Many hope that “Direct Air Capture” (DAC) technology can follow a similar trajectory of cost reduction. However, this analogy overlooks the fundamental differences in physical realities and market structures, necessitating … Read more