Late Monday evening this week, another front emerged for the next climate conference in Dubai in late November: The position of the EU countries for COP28 abandoned the use of CCS technology in the energy sector. They now aim for an “energy sector predominantly free of fossil fuels well before 2050.” Read the full article here:
https://go.table.media/y6oBZ
However, the COP presidency, the United Arab Emirates (UAE), relies on Carbon Capture and Storage (CCS) to continue producing and selling oil and gas. The oil and gas countries only want to “phase out emissions,” as COP President Sultan Al Jaber emphasizes. India, the United States and other countries are also building on CCS. However, as the International Energy Agency writes, the technology has not fulfilled expectations in the past.
Hardly any contribution to reducing CO2 in the short term
According to the latest IEA calculations, to achieve net zero by 2050, emissions from the energy sector must fall by 35 percent by 2030 and 65 percent by 2035 compared to 2022. However, CCS technology, i.e., carbon capture in coal- and gas-fired power plants, will only be able to make a very minor contribution to reducing emissions in this short period. Numerous technological and economic hurdles prevent the large-scale use of the technology.
The IEA says that by 2030, CCS plants capable of capturing 1 billion tons of CO2 per year would have to be installed worldwide. At present, however, the annual capacity is only 50 million tons. IEA forecasts indicate that if all planned projects are implemented, around 400 million tons of CO2 could be captured by 2030.
Read the full article here:
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26 w
Well it being a hot topic really depicts of its importance
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26 w
Carbon capture should be taken seriously and should be implemented ASAP
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@edwin_wangombe this is positive and promising.
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26 w
This is amazing, thank you so much for sharing this positive Insight
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The only company that I am aware that is currently using CO capture is .. https://readsitenews.com/b-c-based-carbon-capture-company-acquired-for-1-1b/
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26 w
What a promising sign ...!😊
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26 w
Carbon Capture & Storage discussion is pivotal for shaping a sustainable future.
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26 w
I think carbon capture has it's pros and we certainly should take advantage of them
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@munene_mugambi I second you!
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26 w
Interesting.. thanks for sharing about this "hot" topic