Gigablue's Carbon Capture Gambit: A Game-Changer or Unproven Innovation?

The Israeli startup Gigablue claims to have reached a historic milestone by selling 200,000 carbon credits, which it says will fund its pioneering technology to combat climate change. The company claims its ocean-based carbon capture technique is a groundbreaking step in the environmental sector.

Founded three years ago, Gigablue has attracted attention for its method that purportedly traps carbon at the ocean floor. However, scientists outside the company have expressed skepticism over the technology's effectiveness and have called for more transparency and concrete results to back up the company's claims.

Despite external skepticism, Gigablue has already secured a significant deal with SkiesFifty, investing in greener solutions for aviation. This partnership underscores the growing intersection of environmental innovation and commercialization while also highlighting regulatory gaps in the rapidly expanding carbon credit market.

(With inputs from agencies.)