Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019.
James MacDonald | Bloomberg | Getty Images
Analysts on Wall Street believe a “hidden” investment opportunity in the energy sector could be instrumental as the world attempts to transition away from fossil fuels.
Carbon capture and storage — known as CCS — capacity could grow nearly 100-fold by 2050, according to Bank of America. Analysts at the bank said cumulative investment in the industry could hit $1 trillion by 2050, according to its more optimistic estimates.