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Energy vs Climate
Energy vs Carbon Removal
Nov 30, 2023
The podcast discusses carbon removal as a critical tool in reducing CO2 concentrations, challenges in commercializing CDR technology, sustainable aviation fuel, implications for climate policy, virtual Power Purchase Agreements, and the race to cool the planet.
01:12:41
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Quick takeaways
- Scaling up carbon dioxide removal (CDR) requires significant investment and future markets and advanced market commitments could drive growth and investment in CDR technologies.
- Establishing advanced carbon removal markets involves addressing challenges such as pricing, regulatory frameworks, and fairness in cost distribution while fostering innovation and cost-effective decarbonization.
Deep dives
Carbon Dioxide Removal: Scaling Up and Future Markets
Scaling up carbon dioxide removal (CDR) to meet the needs of industries like airlines is a complex challenge. While the cost of CDR technologies is decreasing, it is still a significant investment. Some projects, such as the one at the King Rash site, have plans to remove 30 million tons of CO2 per year. However, it remains uncertain how quickly this scaling up can occur. Future markets and advanced market commitments could play a role in driving investment and supporting the growth of CDR. These commitments would involve companies paying for the removal of carbon in the future, potentially encouraging the development and commercialization of CDR technologies.
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Discover
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