Carbon capture is poised to dominate conversations at this year's climate change conference, COP28. Advocated vehemently by oil and gas corporations, they propound it as the panacea for our escalating climate crisis. However, it's not as straightforward as it seems. The contentious issue lies in the practicality and sustainability of this proposed solution. The problem is, ...
1. Carbon capture is a major topic at the climate change conference, COP28, and is heavily advocated for by oil and gas corporations as a solution to the climate crisis.
2. However, the practicality and sustainability of this proposed solution is a contentious issue.
3. Critics argue that the technology of carbon capture has not been used to a large enough extent to have a significant impact on the climate crisis yet.
4. Additionally, there are concerns about the high financial and energy costs associated with the process.
5. Potential drawbacks such as the possible leakage of stored carbon, and the moral hazard of depending on an unproven technology while still using fossil fuels, further complicate the use of carbon capture.
according to the Global CCS Institute, barely 0.1% of global CO2 emissions are currently being captured and stored each year.
The problem is, skepticism surrounds the viability of carbon capture as a sizeable part of the solution to the climate crisis. Critics point out that this technology has yet to be used at a large enough scale to make a significant impact. Moreover, the financial and energy costs associated with the process remain considerable. Potential drawbacks such as the possible leakage of stored carbon, as well as the moral hazard of depending on a yet unproven technology while continuing to burn fossil fuels add to the growing concerns. These issues ensure that carbon capture remains a contentious item on the climate action agenda.