The Prague Post - Carbon capture must quadruple by 2050 to meet climate targets: report

EUR -
AED 4.260589
AFN 75.40891
ALL 96.176989
AMD 443.890371
ANG 2.076617
AOA 1063.841948
ARS 1667.63378
AUD 1.763495
AWG 2.088239
AZN 1.964638
BAM 1.949286
BBD 2.336522
BDT 141.816072
BGN 1.95534
BHD 0.437301
BIF 3439.794381
BMD 1.160133
BND 1.502199
BOB 8.016142
BRL 6.217499
BSD 1.160138
BTN 102.268556
BWP 15.441397
BYN 3.953738
BYR 22738.607038
BZD 2.333203
CAD 1.617349
CDF 2582.455757
CHF 0.928683
CLF 0.027828
CLP 1091.696935
CNY 8.235842
CNH 8.234427
COP 4498.415755
CRC 581.663689
CUC 1.160133
CUP 30.743525
CVE 110.125587
CZK 24.37094
DJF 206.179304
DKK 7.468252
DOP 74.484102
DZD 150.777843
EGP 54.867917
ERN 17.401995
ETB 178.515475
FJD 2.62718
FKP 0.873811
GBP 0.879503
GEL 3.161333
GGP 0.873811
GHS 12.616454
GIP 0.873811
GMD 84.157524
GNF 10067.634196
GTQ 8.886418
GYD 242.713074
HKD 9.015452
HNL 30.476531
HRK 7.535408
HTG 151.794688
HUF 388.772405
IDR 19218.415439
ILS 3.771877
IMP 0.873811
INR 102.494329
IQD 1519.774246
IRR 48798.09212
ISK 143.984379
JEP 0.873811
JMD 185.390453
JOD 0.822525
JPY 177.279349
KES 150.004183
KGS 101.453898
KHR 4663.73452
KMF 490.736367
KPW 1044.114376
KRW 1652.388833
KWD 0.35608
KYD 0.966769
KZT 613.218645
LAK 25174.886339
LBP 103982.830857
LKR 353.199661
LRD 212.826611
LSL 19.850176
LTL 3.425571
LVL 0.701753
LYD 6.305317
MAD 10.692362
MDL 19.716112
MGA 5238.000625
MKD 61.613301
MMK 2435.60951
MNT 4168.003887
MOP 9.285569
MRU 46.503906
MUR 52.797235
MVR 17.761572
MWK 2014.575075
MXN 21.432396
MYR 4.860737
MZN 74.143787
NAD 19.849976
NGN 1685.67362
NIO 42.63496
NOK 11.61864
NPR 163.629291
NZD 2.011966
OMR 0.446078
PAB 1.160143
PEN 3.933424
PGK 4.913453
PHP 68.128811
PKR 325.939112
PLN 4.241324
PYG 8240.497029
QAR 4.224019
RON 5.0844
RSD 117.243735
RUB 92.803041
RWF 1682.772934
SAR 4.350911
SBD 9.548582
SCR 15.964491
SDG 697.832723
SEK 10.917025
SGD 1.505
SHP 0.8704
SLE 26.85688
SLL 24327.408652
SOS 697.794496
SRD 44.83215
STD 24012.411052
STN 24.76884
SVC 10.151077
SYP 12829.324874
SZL 19.849772
THB 37.599731
TJS 10.684578
TMT 4.072067
TND 3.406157
TOP 2.717145
TRY 48.723153
TTD 7.857842
TWD 35.596596
TZS 2853.844784
UAH 48.785257
UGX 4021.612382
USD 1.160133
UYU 46.235488
UZS 13927.396887
VES 254.476742
VND 30553.263008
VUV 141.271215
WST 3.243277
XAF 653.780618
XAG 0.024256
XAU 0.000293
XCD 3.135318
XCG 2.09084
XDR 0.812612
XOF 653.743587
XPF 119.331742
YER 276.865428
ZAR 19.917582
ZMK 10442.595287
ZMW 25.493245
ZWL 373.562357
  • RBGPF

    -0.0900

    79

    -0.11%

  • NGG

    -1.1000

    75.55

    -1.46%

  • CMSC

    -0.0200

    24.24

    -0.08%

  • RYCEF

    -0.0600

    15.4

    -0.39%

  • GSK

    2.2300

    45.93

    +4.86%

  • SCS

    -0.7200

    15.96

    -4.51%

  • AZN

    -0.3800

    82.23

    -0.46%

  • RELX

    -1.5400

    44.69

    -3.45%

  • BTI

    -0.7400

    51.72

    -1.43%

  • RIO

    0.5900

    72.58

    +0.81%

  • BP

    0.7400

    35.2

    +2.1%

  • BCC

    -2.0400

    70.33

    -2.9%

  • CMSD

    -0.0800

    24.56

    -0.33%

  • VOD

    -0.3350

    11.9

    -2.82%

  • BCE

    -0.0800

    23.49

    -0.34%

  • JRI

    -0.2200

    13.83

    -1.59%

Carbon capture must quadruple by 2050 to meet climate targets: report
Carbon capture must quadruple by 2050 to meet climate targets: report / Photo: Halldor KOLBEINS - AFP

Carbon capture must quadruple by 2050 to meet climate targets: report

By 2050, humanity must durably remove four times as much CO2 from the air as today to cap global warming below the crucial target of two degree Celsius, researchers said Tuesday.

Text size:

But massively expanding CO2-absorbing forests -– 99 percent of current carbon removal -– could claim land needed to grow food and biofuels, while it remains highly uncertain whether new technologies for sucking CO2 from the atmosphere can be scaled quickly enough, they warned in a major report.

Looking at varying emissions-reduction scenarios, between seven and nine billion tonnes of CO2 must be captured from the atmosphere by 2050, according to the second edition of the University of Oxford's report on the subject.

The first edition of The State of Carbon Dioxide Removal had reported that two billion tonnes were being removed mainly through reforestation, compared with the 40 billion tonnes emitted worldwide in 2023.

"Alongside rapidly reducing emissions", which remains the "most important mitigation strategy", eliminating CO2 from the atmosphere "is also necessary" to achieve the objectives of the Paris Agreement, more than 50 researchers said.

Some of the scientists are also part of the UN Intergovernmental Panel on Climate Change (IPCC), which has recognised the need for carbon capture but has given it a limited role in its scenarios for achieving "carbon neutrality".

The elimination of CO2 recently "has undergone rapid growth in research, public awareness and start-up companies", the report said.

"Yet there are now signs of a slowdown" due to politics and a lack of public funding, the experts said.

They called on governments to create policies that will boost the industry's development.

According to the report, the market for carbon capture has been growing thanks to corporate demand for carbon credits -- a contested tool that allows companies to offset their emissions by financing carbon-reduction projects.

Carbon capture start-up Climeworks, which has an extensive underground storage facility in Iceland, is among those to benefit from the demand.

Its two plants currently capture and store 10,000 tonnes of CO2 per year with financing from private funders and the sale of carbon credits.

To reach a million tonnes, Climeworks has said it will need several billion euros (dollars), as will other start-ups -- but the report warned such funding is highly uncertain at this stage.

To date, only the United States has announced a plan, worth $3.5 billion, dedicated specifically to carbon capture.

- Environmental risks -

The Center for Environmental Law (CIEL) said the report "highlights a concerning trend where carbon dioxide removal (CDR) is increasingly being touted as a solution to climate change".

"This focus on carbon removal technologies represents a dangerous distraction from what is urgently needed to tackle the climate crisis: a full, fast, fair, funded phase-out of all fossil fuels," said CIEL expert Lili Fuhr.

The removal of CO2 already in the atmosphere can be done through nature-based actions, such as planting forests, and also new technologies that store carbon underground or in repurposed material, but that only represents less than 0.1 percent of what is currently removed.

Technological removal methods include direct air capture with carbon storage (DACCS), capture after combustion of biomass (BECCS), the conversion of biomass into a bio-charcoal, or sprinkling crushed carbon-absorbing rocks on land or in the sea.

CIEL said some of these techniques, such as DACCS, "pose immense risks to ecosystems and communities".

Acknowledging the risks, the authors of Tuesday's report noted that some "methods have high environmental and ecosystem risks, while others have potential to generate co-benefits".

It acknowledged that conventional carbon dioxide removal, "if poorly executed", can pose risks to "biodiversity and food security".

While calling for rapid development of carbon capture technologies, the report said it should not deflect attention from efforts to reduce emissions.

"A failure to strongly reduce emissions from fossil fuels and from deforestation will put the Paris temperature goal out of reach, even if we have strong action on carbon removal," one of the report's authors, William Lamb, said at its presentation.

Q.Fiala--TPP