Carbon Removal Decoded: Markets, Tech, Prices & Oil Impact (ft. Robert Höglund, from CDR.fyi)
Climate Insiders
Distinguishing Carbon Capture from Carbon Removal and Scaling Direct Air Capture Technology
This chapter discusses the differences between carbon capture and carbon removal, emphasizing the importance of direct air capture technology, scalability, and cost reduction for combating climate change.
In today's show, I'm receiving Robert Höglund, one of top experts in Carbon Dioxyde Removal (or CDR). He manages the Milkywire Climate Transformation Fund, and co-founded the CDR market overview CDR.fyi.
This discussion is perfect for those who are just getting started or want to explore the state of CDR in more depth.
We cover:
-The various forms of CDR technology
-Which one is ahead of the game today, and why that might change soon
-The role of governments in driving this industry
-Price predictions for the Carbon price
-The impact of Oil & Gas, and whether they hinder progress.
-We discuss how providing more data through platforms like CDR.fyi and spicing up the industry through competitions like the XPrize Challenge can break the glass ceiling of CDR and truly accelerate its growth.
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ABOUT THE GUEST:
Robert Höglund is an independent advisor working with carbon removal and climate policy. He manages the Milkywire climate transformation fund and sits on the board of Mistra sustainable consumption. He previously headed Oxfam Sweden's policy and communications team and took part in the Science-based Target Initiatives' Net-zero expert advisory group.
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SHOW NOTES:
00:00 – Intro
00:06 – Who is Robert?
00:37 – Why attend COP 28, and what can actually be achieved?
02:33 – Is carbon removal distracting us from reducing emissions?
04:32 – The difference between carbon removal and carbon capture
05:39 - What needs to happen for DAC to turn into a real scalable solution and reach gigaton scale carbon removal?
07:33 - Climate Solutions Debate and Anticipation of Project Surge
09:09 – Is there a best portfolio approach? Is there one technology that stands out?
10:25 – What makes biochar the winner?
11:12 – Challenges in scaling up machine production
11:49 – How can carbon be permanently trapped?
14:00 – Potential consequences in the process of exploiting the mines
16:05 - Climate Tech's Domino Effect and the Quest for Unlimited Energy
18:00 – How to finance cheap energy projects? What are the prices?
21:20 – Price predictions for the KDR market
22:41 – Is it better to set a certain price bracket?
23:35 – Why do politics seem so ineffective?
25:41 - The Prolonged Horizon and the Role of Oil and Gas in Climate Initiatives
29:21 - KDR ecosystem's vulnerability to big oil - dependencies on pricing, regulations, and permits. What can be done?
31:11 - Strategies for Accelerating Phasing Out of Dominant Industries
32:30 - The Complex Challenge of Behavioral Change and Fossil Fuel Dependency
35:24 – The role of KDR – what results derived from it?
37:15 - Turning Climate Solutions into a Competition: The Impact of X Prize Carbon Removal Challenge
39:34 -What are Realistic Expectations for Carbon Removal Projects and Early-Stage Challenges
40:00 – Outro
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ABOUT THE HOST:
https://www.linkedin.com/in/yberno/
Yoann Berno is committed to the democratization of climate tech investing, with a goal to contribute significantly to the fight against global warming. Passionate about empowering individuals striving to make a difference in addressing climate change, he is renowned as the podcast host of Climate Insiders. In this role, he dedicates himself to showcasing the perspectives of trailblazers in environmental sustainability.
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Mentioned in the podcast:
Robert Höglung - https://www.linkedin.com/in/roberthoglund/
CDR.fyi - https://www.cdr.fyi/
Milkywire - Climate Transformation Fund - https://www.milkywire.com/climate-transformation-fund
X Prize Carbon Capture - https://www.xprize.org/prizes/carbonremoval
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