Why we need carbon capture
The Paris Agreement was an international treaty adopted in 2015 that marked a significant global commitment to addressing climate change. It set out to achieve net zero carbon emissions by the middle of the century, limiting global warming to well below 2 (ideally to 1.5) degrees Celsius above pre-industrial levels and thereby averting potentially catastrophic climatic and environmental consequences.
Unfortunately, progress has been limited and global carbon emissions remain on an upward trajectory. Global energy-related CO2 emissions grew by 0.9% or 321 Megatons in 2022, reaching a new high of over 36.8 Gigatons.1
In fact, many scientists now believe that the carbon budget for a 1.5-degree temperature rise will not only be exceeded but eclipsed.
Why is this the case? The fact is that many of the significant policy interventions required to restrict carbon emissions globally have been dismissed on economic grounds. Instead, it is easier for policymakers to take the path of least resistance and point to future technological advancements that will solve the climate change problem.
But do these technological advancements exist? As the saying goes, prevention is better than cure, but if our efforts to prevent emissions are proving ineffective, perhaps there are other ways we can reduce carbon dioxide from entering the atmosphere. Carbon capture is one such technology.