Last week, the head of the CCS think tank said the nascent industry that stores and captures Carbon Dioxide has to improve to the oil industry’s size much faster than oil. Brad Page, head of Global CCS Institute, said, “We have an uncomfortable reality, quite frankly. It’s very hard to get away from needing carbon capture and storage both to avoid emissions and also to be a significant part of Carbon Dioxide removal (CDR).”
To meet the climate goals, the world needs to remove nearly that weight of Carbon Dioxide – 5 to 10 gigatons – from the atmosphere every year. That is almost five times the weight of the material produced annually by the global plastics industry. With many initiatives underway to reduce emissions, some human activities will need carbon capture for the future.
Page said, “We have hard-to-decarbonize sectors and these generally need carbon capture and storage to address their emissions: steel, chemicals, cement, fertilizers and plastics as a range of examples, but again, it’s not the whole list.”