An organization with members including ExxonMobil and the governments of Australia, the United Kingdom and the United States released a report arguing for the key role of carbon capture and storage in confronting the challenge of climate change.
Much has changed since the European Commission published in 2011 “The roadmap for moving to a competitive, low carbon economy in 2050.” The Paris Agreement created a new global framework to address climate change, and many of the assumptions—including technological and scientific ones— on which the 2050 roadmap was built have changed.
The increasing awareness of the many damaging aspects of climate change has prompted research into ways of reducing and reversing the anthropogenic increase in carbon concentrations in the atmosphere. Most emission scenarios stabilizing climate at low levels, such as the 1.5 °C target as outlined by the Paris Agreement, require large-scale deployment of Bio-Energy with Carbon Capture and Storage (BECCS).
A new report confirms that negative emission technologies (NETs) offer only “limited realistic potential” to remove large amounts of carbon dioxide from the atmosphere and not at the scale envisaged in some climate scenarios.