BCG will buy 21,000 tonnes of direct air capture credits over the next three years
Direct air capture currently costs US$600 to US$1,000 per tonne.
Boston Consulting Group (BCG) has entered into a three-year agreement with carbon capture firm 1PointFive to purchase 21,000 tonnes of carbon removal credits generated from direct air capture – one of the most expensive forms of removing CO2 from the atmosphere.
BCG has been certified as carbon neutral since 2018, but recently made the decision to transition away from carbon credits to 100% carbon dioxide removals (CDRs) by 2030. The deal, through which BCG will buy credits generated by the STRATOS direct air capture (DAC) plant 1PointFive is currently building in Texas, is part of that strategy.
