Elimini’s Post

Carbon Dioxide Removal: The $1.2 Trillion Opportunity for Investors There's a lot of skepticism, the costs are high (right now), and the technology has not been proven at scale, but it's only the beginning of this industry, an industry that will be key to combating climate change. https://lnkd.in/eWJG8ByK #CarbonRemoval #ClimateTech #Sustainability #ClimateChange #Investing #SAF #Innovation #FutureofEnergy #VentureCapital

This article is worth a read and brings hope to the usually depressing topic of rising global emissions. We can transform to a decarbonised society, and although it will be a gigantic challenge, we will. Many people get distracted with 'recycling', and 'personal guilt' about our own carbon contributions to the global climate crisis. Whilst individual contributions are crucial, individuals are not to blame. The fossil fuel cartel and their enablers are. This is a system issue. One which has been driven by fossil fuel mega-corporations driving billion dollar profits and compromising governments and politicians across the globe with disinformation, doubt, and dollars in the back pockets. The fossil fuel 'mafia' have completely ignored the current climate disasters happening, and the inarguable future of an overheated planet, and millions of deaths of innocent people if we do not change to a renewable future, rapidly. The answers lie in *shifting our economy* away from carbon emitting energy sources and PHASING OUT fossil fuels in a rapid, measured and sustainable manner. We are reliant on fossil fuels today for many people's cars, energy systems, etc, but we can incrementally transition away from fossil fuels, and it will be shorter than you expect. Undoubtedly, the challenges of how can replace fossil fuels are immense, but out of the 8 billion people on this planet, there are tens of millions working on this right now, with more and more solutions and the momentum is building. Enjoy the article. Plenty to contemplate and leverage with the positive changes that are accelerating and scaling out.

The New Climate Gold Rush: Scrubbing Carbon From the Sky This summer, Bill Gates huddled in London with representatives of some of the world’s wealthiest people, including the Amazon founder, Jeff Bezos, the SoftBank founder, Masayoshi Son, and Prince al-Waleed bin Talal of Saudi Arabia. They were evaluating their joint investments in companies that could help the world combat climate change. Among the businesses in their portfolio, four stood out as having a particularly audacious goal: They were working to strip carbon dioxide from the atmosphere, for a profit... The technology, which did not exist until a few years ago, is still unproven at scale. Yet, it has a uniquely alluring appeal. Stripping away some of the carbon dioxide that is heating up the world makes intuitive sense. And with a small but growing number of companies willing to pay for it, investors are jockeying to be first movers in what they believe will inevitably be a big industry that is necessary to help fight global warming... There are a few dozen facilities operational today, including ones in Iceland and California. But the biggest of these capture only a sliver of the greenhouse gases humans produce in one day. Even if hundreds more such plants were built, they would not come close to counteracting even 1 percent of annual carbon dioxide emissions... “Let’s not pretend that it’s going to become available within the time frame we need to reduce emissions,” said former Vice President Al Gore, a co-founder of Climate Trace, which maps global greenhouse gas emissions. Last year a United Nations panel cast significant doubt on the industry’s ability to make a difference. “Engineering-based removal activities are technologically and economically unproven, especially at scale, and pose unknown environmental and social risks,” it said. Instead, many scientists and activists say the most effective way to combat global warming is to rapidly phase out oil, gas and coal, the burning of which is heating the planet... And decades from now, even if the world is able to completely eliminate all new greenhouse gas emissions, many experts, including the Intergovernmental Panel on Climate Change, a scientific body convened by the United Nations, believe it would still be necessary to remove some carbon dioxide from the atmosphere to reduce global temperatures. Critics argue that carbon dioxide removal is a dangerous distraction that will perpetuate the behavior that is causing the climate crisis... “Carbon capture will increase fossil fuel production, there’s no doubt about it,” said Mark Z. Jacobson, a professor of civil and environmental engineering at Stanford University. “It does not help climate one bit.” Mark Jacobson “This isn’t a market,” Mr. Steel said. “A market means liquidity, repeatability, standards. We have none of that here.”

#Eusem2024 if you are at Eusem and want to learn more / get involved with Climate Advocacy- and to be part of the Tipping point - be sure to check out this stall - and talk to Brian O'Connell #SustainableHealthCare #ClimateChange #Health #sEMCAM, #EmergencyMedicine #Wellbeing Dr Arjun Thaur , Lai Heng Foong FACEM , Tatjana Dill

This is why we displace fossil fuel production with synthetic fuel production from CO2.

Should we / Can we incentivize our way out of climate change? OIL + GAS companies refuse to point out that some carbon dioxide removal projects.......will cost $$ Billions. "According to the new report by research firm Rhodium Group, the US needs to spend roughly $100 billion a year on CDR in order to scale up to a level that would help the country meet its climate goals. A majority of that needs to come in the form of supportive policies like tax credits and procurement programs..." Taking CO2 out of the air is an absurdly expensive way to fight climate change New technologies that attempt to remove carbon dioxide from the atmosphere would need hundreds of billions of dollars of government support, a new report says. Attempting to filter enough carbon dioxide out of the atmosphere to make a significant impact on climate change would require hundreds of billions of dollars in government spending, according to a new report. The suite of technologies emerging to attempt that task all fall under an umbrella called carbon dioxide removal, or CDR. It’s still risky and astronomically expensive. But there’s been growing chatter about it, particularly as the US continues producing record amounts of oil and gas. According to the new report by research firm Rhodium Group, the US needs to spend roughly $100 billion a year on CDR in order to scale up to a level that would help the country meet its climate goals. A majority of that needs to come in the form of supportive policies like tax credits and procurement programs.

Great news! It seems like we're finally seeing a positive trend in global carbon emissions. For the first time, it looks like they're declining! Although the work is very far from over, still this tiny milestone is a great motivation for people who are trying to make a real difference. https://lnkd.in/g-yBYSce #ClimateChange #GlobalEmissions #PositiveTrend

According to a report released by management consultancy Oliver Wyman, the carbon dioxide removal credits market is poised for explosive growth, projected to reach $100 billion annually by 2030-2035. This marks a substantial increase from the estimated $2.7 billion in sales recorded in 2023. The report highlights the urgency of carbon removal technologies. With climate change worsening and insufficient emissions reductions, there is a critical need to remove billions of tons of CO2 from the atmosphere annually to meet global climate goals.

According to the United Nations, the climate crisis is the defining crisis of our time, and it is happening even more quickly than we feared. No nation will be immune from its consequences that span environmental degradation, natural disasters, weather extremes, economic disruption, conflict, and food and water insecurities. While climate change is irrefutable, it is not too late to stem the tide. Achieving this will require a fundamental transformation of the global economy, cutting across the energy, transport, construction, and agriculture industry. At ChemOne, our Green Energy business looks to actively transform our natural resource operations to embrace renewable carbon usage. Through our diverse in-house feedstock sourcing initiative in Southeast Asia, we have established a strong platform for the development of renewable fuels, which offers 50-90% lesser CO2 emissions than standard fossil-based fuels. Learn more about the climate crisis here: https://lnkd.in/g2PC5Tgg #ChemOne #LowCarbon #Sustainability #CarbonReduction 

The Global Energy Perspective 2024 is intended to serve as a fact base grounded in the best currently available data to help global stakeholders meet decarbonization goals. The report offers a detailed demand outlook for 68 sectors and 78 fuels across a 1.5° pathway, as set out in the Paris Agreement, as well as three bottom-up energy transition scenarios. These scenarios have been redesigned this year to better reflect changing global conditions, including geopolitical shifts, increasingly complex supply chains, and higher inflation. The critical question this research aims to address is how the world can achieve a step change in its efforts toward meeting net-zero goals and avoid the worst impacts of climate change.