Carbon capture needs to quadruple by 2050 to meet climate targets
ECONOMY & POLICY

Carbon capture needs to quadruple by 2050 to meet climate targets

According to a recent report from the University of Oxford, to limit global warming to below two degrees Celsius by 2050, humanity must significantly increase carbon capture efforts, removing four times more CO2 from the atmosphere compared to current levels. This means capturing between seven and nine billion tonnes of CO2 by 2050, as outlined in the second edition of the report.

The report highlights the importance of both reducing emissions and removing CO2 from the atmosphere to achieve the goals of the Paris Agreement. While reducing emissions remains crucial, carbon removal is seen as a necessary complement. However, the expansion of CO2-absorbing forests, which currently accounts for 99% of carbon removal, could lead to conflicts over land use for agriculture and biofuels production. Additionally, there are uncertainties surrounding the scalability of new technologies for CO2 removal.

The report also notes a slowdown in the development of carbon removal technologies due to political factors and insufficient funding. To address this, governments are urged to implement policies that support the growth of the carbon capture industry. Currently, the market for carbon capture is growing, driven by corporate demand for carbon credits. However, significant investment is needed to scale up carbon capture technologies, with funding sources remaining uncertain.

While carbon removal technologies offer potential solutions, they also present environmental risks and challenges. Some methods, such as direct air capture and carbon storage, have significant ecosystem risks, while others, like nature-based solutions, may offer co-benefits. Therefore, the report emphasises the importance of carefully balancing carbon removal efforts with emissions reduction measures to effectively address climate change.

(Source: ET Energy)

According to a recent report from the University of Oxford, to limit global warming to below two degrees Celsius by 2050, humanity must significantly increase carbon capture efforts, removing four times more CO2 from the atmosphere compared to current levels. This means capturing between seven and nine billion tonnes of CO2 by 2050, as outlined in the second edition of the report. The report highlights the importance of both reducing emissions and removing CO2 from the atmosphere to achieve the goals of the Paris Agreement. While reducing emissions remains crucial, carbon removal is seen as a necessary complement. However, the expansion of CO2-absorbing forests, which currently accounts for 99% of carbon removal, could lead to conflicts over land use for agriculture and biofuels production. Additionally, there are uncertainties surrounding the scalability of new technologies for CO2 removal. The report also notes a slowdown in the development of carbon removal technologies due to political factors and insufficient funding. To address this, governments are urged to implement policies that support the growth of the carbon capture industry. Currently, the market for carbon capture is growing, driven by corporate demand for carbon credits. However, significant investment is needed to scale up carbon capture technologies, with funding sources remaining uncertain. While carbon removal technologies offer potential solutions, they also present environmental risks and challenges. Some methods, such as direct air capture and carbon storage, have significant ecosystem risks, while others, like nature-based solutions, may offer co-benefits. Therefore, the report emphasises the importance of carefully balancing carbon removal efforts with emissions reduction measures to effectively address climate change. (Source: ET Energy)

Next Story
Infrastructure Urban

AP Government's Ambitious Budget for Welfare

The Andhra Pradesh government has proposed a massive Rs 2.94 lakh crore budget focused heavily on welfare initiatives and infrastructure development. Prioritizing social welfare and inclusive growth, the budget emphasizes support for sectors like education, healthcare, and social development to enhance residents' quality of life. Key allocations include substantial funds for improving public infrastructure, roads, and connectivity, which are set to boost local economic activities and employment opportunities. With a large share dedicated to welfare schemes, the budget also focuses on educatio..

Next Story
Infrastructure Transport

Delhi Metro Introduces Bike Taxi Services

Delhi Metro has launched two new bike taxi services aimed at enhancing last-mile connectivity for its users. This initiative focuses on providing a convenient and affordable option for commuters to cover the distance between metro stations and their final destinations. Available at select metro stations, these bike taxis are intended to reduce travel time and alleviate congestion, particularly in densely populated or high-traffic areas. The service offers riders a quick, accessible option for reaching their destinations, ensuring they can seamlessly integrate metro travel with efficient ground..

Next Story
Infrastructure Energy

Inox to Build Bahamas LNG Terminal

Inox has secured a significant contract to construct the Bahamas’ first mini liquefied natural gas (LNG) terminal, aimed at providing sustainable energy for cruise ships docked in the region. This terminal marks a pioneering move for the Bahamas, addressing the rising need for eco-friendly power solutions within the cruise industry. By opting for LNG as a cleaner fuel source, the project is expected to reduce emissions and align with environmental goals, particularly for cruise liners that demand substantial power at ports. The terminal represents Inox’s expansion in global LNG infrastruct..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000