Low interest rates contributed to housing demand, raising new home prices 14 percent. Ratcheting rates have barely pulled prices down

Nearly a decade after the Paris Agreement, companies like Shopify are investing in direct air capture (DAC) technology to meet climate goals. Shopify joined Frontier, committing $925 million to purchase carbon removal credits, with $91 million allocated to DAC firms. While DAC is costly and currently accounts for a small fraction of carbon removal, it is seen as a crucial tool in combating climate change. Experts emphasize the need for rapid scaling and cost reduction to achieve significant CO2 removal by 2050, with corporate investments playing a key role in this effort.