Berliner Boersenzeitung - No longer a last resort: Pulling CO2 from the air

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

No longer a last resort: Pulling CO2 from the air
No longer a last resort: Pulling CO2 from the air

No longer a last resort: Pulling CO2 from the air

To save the world from the worst ravages of climate change, slashing carbon pollution is no longer enough -- CO2 will also need to be sucked out of the atmosphere and buried, a landmark UN report is expected to say on Monday.

Text size:

If humanity had started to curb greenhouse gas emissions 20 years ago, an annual decrease of two percent out to 2030 would have put us on the right path. Challenging, but doable.

Instead, the emissions climbed another 20 percent to more than 40 billion tonnes of CO2 in 2021.

This means an abrupt drop in emissions of six or seven percent a year is needed to avoid breaching the Paris climate treaty's goal of capping global warming at "well below" two degrees Celsius compared to pre-industrial levels.

Staying under the safer aspirational threshold of 1.5C would mean an even steeper decline.

To put that in perspective, the painful 2020 shutdown of the global economy due to Covid saw "only" a 5.6 percent decrease in CO2 emissions.

Hence the need for carbon dioxide removal (CDR), or "negative emissions", likely to figure prominently in the UN Intergovernmental Panel on Climate Change (IPCC) report.

Even under the most aggressive carbon-cutting scenarios, several billion tonnes of CO2 will need to be extracted each year from the atmosphere by 2050, and an accumulated total of hundreds of billions of tonnes by 2100.

As of today, however, CO2 removal is nowhere near these levels. The largest direct air capture facility in the world removes in a year what humanity emits in three or four seconds.

There are at least a dozen CDR techniques on the table, with different potentials and costs.

- Using bioenergy -

Most of the hundreds of models laying out a game plan for a liveable future reserve an important role for a negative emissions solution called BECCS, or bioenergy with carbon capture and storage.

In a nutshell, this is the recipe: grow trees, burn them for energy, and bury the CO2 underground, in an abandoned mineshaft, for example.

But what works on paper (or in so-called integrated assessment models), has not materialised in reality.

One of the few commercial-scale BECCS facilities in the world, in Britain, was dropped last year from the S&P Clean Energy Index because it failed to meet sustainability criteria.

"I don't see a BECCS boom," said Oliver Geden, a senior fellow at the German Institute for International and Security Affairs and an expert on CDR.

- Planting trees -

Restoring forests and planting trees that absorb and stock CO2 as they grow also figure prominently in development scenarios achieving net-zero emissions, whether in 2050 or later.

Many businesses, including fossil fuel companies, rely heavily on carbon offset schemes based on afforestation to compensate for continuing carbon pollution.

But the amount of land needed to put a serious dent in CO2 levels through tree planting -- up to twice the size of India -- could clash with other priorities, such as growing food and biofuel crops.

Biodiversity could suffer as well, especially in savannahs converted to monoculture tree farms.

Newly planted forests could also fall victim to wildfires made more frequent and intense by rising temperatures, resulting in the release of all their stored CO2.

- 'DACCS' -

One of the youngest CDR technologies is also one of the hottest: direct air carbon capture and storage.

With variations, DACCS is a chemical process that extracts carbon dioxide directly from the atmosphere, converting it into solid form or locking it away underground.

Because CO2 in the air is so sparse -- a few hundred parts per million -- it is a very energy-intensive and expensive process.

DACCS has benefited from a wave of corporate backing.

Last year, Tesla CEO Elon Musk launched the $100-million X-Prize for an innovative CO2 removal technology, and Breakthrough Energy founder Bill Gates unveiled a corporate partnership to turbocharge its development.

How quickly it can scale up, and at what cost, remain open questions.

- Enhanced weathering -

Enhanced weathering involves mining and crushing rocks rich in minerals that naturally absorb CO2, and then spreading them over land or sea.

It aims to vastly accelerate a process that normally unfolds on geological timescales of tens of thousands of years.

Silicate rocks with minerals rich in calcium and magnesium but lacking metal ions such as nickel and chromium are the best raw material for the job.

But, again, it's unclear if enhanced weathering can be scaled up enough, and at what cost.

- Ocean-based methods -

Oceans already take up more than 30 percent of humanity's carbon emissions, and scientists are experimenting with ways to boost that capacity.

One approach is to enhance marine alkalinity, either by directly adding natural or synthetic alkaline minerals, or the electrochemical processing of seawater.

Another approach, known as ocean fertilisation, increases the density of tiny phytoplankton that produce and sequester organic carbon through photosynthesis, like plants on land. Adding nitrogen or iron stimulate phytoplankton growth.

The main concerns here include unintended consequences on ecosystems.

(P.Werner--BBZ)