· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Vox or enjoy below:
🗞️ Driving the news: Carbon capture and storage (CCS) technology is gaining attention as a potential solution to climate change
• While the U.S. currently captures 22 million metric tons of CO2 annually, the scale needs to increase dramatically to significantly impact global emissions
🔭 The context: The U.S. emits 5.5 billion metric tons of CO2 per year, requiring an 80-fold increase in carbon capture to meet 2050 net zero targets
• Despite early CCS successes, projects face high costs, energy demands, and technical challenges
🌍 Why it matters for the planet: CCS could help reduce emissions from sectors like power and aviation, where decarbonization options are limited, but must overcome major cost and scalability barriers
⏭️ What's next: CCS technology must become cheaper and more efficient, aided by government policies like tax credits
• Without a national carbon pricing scheme, widespread CCS adoption remains difficult
💬 One quote: "It’s hard to get someone to pay for something they can do for free." — Umair Irfan, Vox
📈 One stat: The U.S. aims to lower the cost of carbon capture to $30 per metric ton, down from the current range of $15 to $120 per ton
Click for more news covering the latest on carbon capture & storage
