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

USD -
AED 3.672499
AFN 64.493911
ALL 81.278204
AMD 377.023001
ANG 1.789746
AOA 917.000195
ARS 1397.000033
AUD 1.4106
AWG 1.8025
AZN 1.707217
BAM 1.648148
BBD 2.017081
BDT 122.486127
BGN 1.647786
BHD 0.377107
BIF 2968.655855
BMD 1
BND 1.262698
BOB 6.920205
BRL 5.212798
BSD 1.001462
BTN 90.766139
BWP 13.130917
BYN 2.871071
BYR 19600
BZD 2.014216
CAD 1.361435
CDF 2239.999817
CHF 0.769499
CLF 0.021701
CLP 856.879846
CNY 6.90065
CNH 6.90331
COP 3669.44
CRC 488.174843
CUC 1
CUP 26.5
CVE 92.919683
CZK 20.424596
DJF 178.340138
DKK 6.29365
DOP 62.789414
DZD 129.649058
EGP 46.848701
ERN 15
ETB 155.91814
EUR 0.84256
FJD 2.191103
FKP 0.732521
GBP 0.73427
GEL 2.690116
GGP 0.732521
GHS 10.981149
GIP 0.732521
GMD 73.5023
GNF 8791.097665
GTQ 7.681191
GYD 209.527501
HKD 7.815245
HNL 26.465768
HRK 6.347795
HTG 131.140634
HUF 319.386981
IDR 16837
ILS 3.063925
IMP 0.732521
INR 90.564597
IQD 1311.996225
IRR 42125.000158
ISK 122.340466
JEP 0.732521
JMD 156.446849
JOD 0.70898
JPY 153.133978
KES 129.190263
KGS 87.449956
KHR 4029.780941
KMF 416.000105
KPW 899.988812
KRW 1442.400955
KWD 0.306699
KYD 0.834608
KZT 495.523168
LAK 21477.839154
LBP 89535.074749
LKR 309.834705
LRD 186.775543
LSL 15.890668
LTL 2.95274
LVL 0.60489
LYD 6.316863
MAD 9.145255
MDL 16.970249
MGA 4422.478121
MKD 51.943893
MMK 2100.304757
MNT 3579.516219
MOP 8.064618
MRU 39.97927
MUR 45.870112
MVR 15.450228
MWK 1736.631653
MXN 17.20485
MYR 3.902496
MZN 63.900855
NAD 15.890668
NGN 1355.580528
NIO 36.851175
NOK 9.537435
NPR 145.225485
NZD 1.656805
OMR 0.384624
PAB 1.001546
PEN 3.360847
PGK 4.298602
PHP 58.074973
PKR 280.142837
PLN 3.5513
PYG 6594.110385
QAR 3.650023
RON 4.289898
RSD 98.923454
RUB 77.22504
RWF 1462.164975
SAR 3.749858
SBD 8.038668
SCR 13.820244
SDG 601.503818
SEK 8.92481
SGD 1.26328
SHP 0.750259
SLE 24.450229
SLL 20969.507829
SOS 571.349117
SRD 37.779008
STD 20697.981008
STN 20.646096
SVC 8.763215
SYP 11059.574895
SZL 15.897494
THB 31.070017
TJS 9.42903
TMT 3.51
TND 2.88801
TOP 2.40776
TRY 43.741202
TTD 6.78456
TWD 31.462697
TZS 2600.000193
UAH 43.076943
UGX 3545.214761
UYU 38.401739
UZS 12328.669001
VES 389.806531
VND 25960
VUV 119.359605
WST 2.711523
XAF 552.773529
XAG 0.013009
XAU 0.000201
XCD 2.70255
XCG 1.804974
XDR 0.687473
XOF 552.773529
XPF 100.500141
YER 238.32499
ZAR 15.956501
ZMK 9001.197497
ZMW 18.578116
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    -0.1280

    23.942

    -0.53%

  • CMSC

    0.0000

    23.7

    0%

  • RELX

    1.0800

    28.81

    +3.75%

  • BCE

    0.1800

    25.83

    +0.7%

  • NGG

    0.5800

    91.22

    +0.64%

  • RYCEF

    -0.0600

    16.87

    -0.36%

  • BCC

    -1.3500

    88.06

    -1.53%

  • VOD

    -0.0600

    15.62

    -0.38%

  • JRI

    0.0300

    13.16

    +0.23%

  • GSK

    0.0500

    58.54

    +0.09%

  • AZN

    -0.2400

    204.52

    -0.12%

  • BTI

    0.2800

    60.61

    +0.46%

  • BP

    -1.3600

    37.19

    -3.66%

  • RIO

    -1.6100

    97.91

    -1.64%

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