The China Mail - Carbon capture must quadruple by 2050 to meet climate targets: report

USD -
AED 3.672905
AFN 69.497078
ALL 83.64978
AMD 383.512686
ANG 1.789783
AOA 917.00037
ARS 1298.503425
AUD 1.535969
AWG 1.8015
AZN 1.700296
BAM 1.672875
BBD 2.019801
BDT 121.54389
BGN 1.67504
BHD 0.377032
BIF 2955
BMD 1
BND 1.2813
BOB 6.912007
BRL 5.412398
BSD 1.000321
BTN 87.544103
BWP 13.368973
BYN 3.323768
BYR 19600
BZD 2.009452
CAD 1.379425
CDF 2889.999987
CHF 0.80488
CLF 0.024611
CLP 965.499291
CNY 7.18025
CNH 7.18358
COP 4049
CRC 505.848391
CUC 1
CUP 26.5
CVE 95.149773
CZK 20.959005
DJF 177.720366
DKK 6.38674
DOP 61.703752
DZD 129.683975
EGP 48.297503
ERN 15
ETB 140.404804
EUR 0.855739
FJD 2.255401
FKP 0.739045
GBP 0.738055
GEL 2.694991
GGP 0.739045
GHS 10.649757
GIP 0.739045
GMD 72.501589
GNF 8674.999757
GTQ 7.67326
GYD 209.282931
HKD 7.819665
HNL 26.350157
HRK 6.449598
HTG 130.995403
HUF 338.086035
IDR 16203.5
ILS 3.375185
IMP 0.739045
INR 87.511297
IQD 1310
IRR 42124.999855
ISK 122.540014
JEP 0.739045
JMD 160.068427
JOD 0.709007
JPY 146.824498
KES 129.202795
KGS 87.378803
KHR 4007.000118
KMF 422.499188
KPW 899.956741
KRW 1387.69134
KWD 0.30549
KYD 0.833615
KZT 538.462525
LAK 21600.000285
LBP 89534.569506
LKR 301.105528
LRD 201.497939
LSL 17.610129
LTL 2.95274
LVL 0.60489
LYD 5.425019
MAD 8.997999
MDL 16.680851
MGA 4440.000054
MKD 52.814529
MMK 2099.016085
MNT 3589.3757
MOP 8.081343
MRU 39.939777
MUR 45.639705
MVR 15.39843
MWK 1736.510825
MXN 18.73455
MYR 4.212996
MZN 63.959912
NAD 17.609489
NGN 1533.139739
NIO 36.75005
NOK 10.182325
NPR 140.070566
NZD 1.68664
OMR 0.384507
PAB 1.000321
PEN 3.562502
PGK 4.146984
PHP 57.116966
PKR 282.250147
PLN 3.646363
PYG 7492.783064
QAR 3.640496
RON 4.332702
RSD 100.289015
RUB 80.144887
RWF 1444
SAR 3.752232
SBD 8.223773
SCR 14.719684
SDG 600.500984
SEK 9.550966
SGD 1.28204
SHP 0.785843
SLE 23.196993
SLL 20969.49797
SOS 571.493836
SRD 37.539635
STD 20697.981008
STN 21.4
SVC 8.75255
SYP 13001.259394
SZL 17.609641
THB 32.438495
TJS 9.318171
TMT 3.51
TND 2.88425
TOP 2.342102
TRY 40.894401
TTD 6.789693
TWD 29.99703
TZS 2594.999758
UAH 41.503372
UGX 3559.071956
UYU 40.030622
UZS 12587.49594
VES 134.31305
VND 26270
VUV 119.348233
WST 2.651079
XAF 561.06661
XAG 0.026392
XAU 0.000299
XCD 2.70255
XCG 1.802887
XDR 0.702337
XOF 560.000031
XPF 102.749915
YER 240.274998
ZAR 17.560775
ZMK 9001.204821
ZMW 23.033465
ZWL 321.999592
  • RBGPF

    0.0000

    73.08

    0%

  • JRI

    0.0100

    13.41

    +0.07%

  • SCS

    -0.1600

    16.2

    -0.99%

  • CMSC

    -0.0800

    23.09

    -0.35%

  • BCC

    -1.5300

    86.62

    -1.77%

  • NGG

    1.0300

    71.56

    +1.44%

  • BCE

    0.2600

    25.37

    +1.02%

  • RYCEF

    0.1200

    14.92

    +0.8%

  • RIO

    -1.0500

    62.52

    -1.68%

  • CMSD

    -0.0530

    23.657

    -0.22%

  • RELX

    -0.0800

    47.69

    -0.17%

  • VOD

    -0.0100

    11.64

    -0.09%

  • BTI

    0.3100

    57.42

    +0.54%

  • BP

    0.3300

    34.64

    +0.95%

  • AZN

    0.5300

    78.47

    +0.68%

  • GSK

    0.1000

    39.23

    +0.25%

Carbon capture must quadruple by 2050 to meet climate targets: report
Carbon capture must quadruple by 2050 to meet climate targets: report / Photo: © 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.

T.Luo--ThChM