cited in the Intergovernmental Panel on Climate Change's Fifth Assessment, we'll need carbon capture and storage to limit warming to 2 degrees celsius , relative to pre-industrial levels, beyond which climate change will unleash some of its nastiest effects. There's no doubt that this technology will play a role in decarbonizing the economy. In fact, it already is.
"People are framing this as if it's a new industry that's going to be akin to solar or wind that just needs to scale up," Holly Buck, a researcher at UCLA's Institute of the Environment and Sustainability, said. "But really a better way to look at it is as a waste-disposal industry. It's basically cleaning up pollution for public health reasons and locking it away.
Here are four key reasons that carbon capture tech is likely to fall short of saving us from climate change.Arnd Wiegmann/ReutersThis isn't the first time carbon capture technology has been presented as a solution to decarbonization. Remember so-called clean coal? More than a decade ago, the oil and gas industry was talking about outfitting coal power plants with CCS, in order to lower their emissions. But for the most part, clean coal failed to launch.
"There was a big expectation 10 years ago that coal would be such a dominant portion of electric generation and to decarbonize, utilities would need to deploy carbon capture at their coal-fired power plants," said Pavel Molchanov, an energy analyst at the investment bank Raymond James & Associates.
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