Economic Insider

How Carbon Capture and Storage is Helping Fight Climate Change

How Carbon Capture and Storage is Helping Fight Climate Change
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What is carbon capture and storage?

Carbon capture and storage (CCS) is a technology designed to reduce the amount of carbon dioxide (CO2) released into the atmosphere from industrial processes, particularly those reliant on fossil fuels. At its core, CCS involves capturing CO2 emissions before they escape into the air, transporting them, and storing them underground or using them for other applications. This technology is seen as a key part of the solution to slowing down climate change because it tackles emissions at their source.

The process begins with capturing CO2 from industrial plants or power stations, where it is either chemically or physically separated from other gases. Once the CO2 is captured, it is compressed and transported, usually via pipelines, to a storage site. These sites are often deep underground, in depleted oil and gas fields or saline aquifers. The idea is to trap the CO2 so it doesn’t re-enter the atmosphere, keeping it locked away for thousands of years.

CCS isn’t a new concept, but it’s only in recent years that it has gained serious attention. Scientists have long known that it could play a major role in reducing greenhouse gas emissions, but the technology has been costly and challenging to implement. Now, as the impacts of climate change become more apparent, there’s a renewed push to scale up CCS globally.

How effective is carbon capture and storage?

The effectiveness of CCS lies in its ability to significantly reduce CO2 emissions from some of the most polluting industries, such as power generation, cement manufacturing, and steel production. These industries are essential to modern economies, yet they account for a huge share of global carbon emissions. By capturing CO2 before it’s released into the atmosphere, CCS can help reduce emissions while allowing these industries to continue operating.

But how well does it work in practice? On paper, CCS can capture up to 90% of emissions from a facility. However, achieving this in real-world conditions can be complicated. The technology is still expensive, and there are questions about the long-term security of stored CO2. Some fear that if not stored properly, CO2 could leak back into the atmosphere. However, research shows that with proper site selection and monitoring, the risk of leakage is extremely low. In fact, studies from long-standing CCS projects, like Norway’s Sleipner field, show that CO2 can be securely stored for decades without significant leakage.

Another factor to consider is that while CCS can capture emissions, it doesn’t eliminate the need to transition to cleaner energy sources. Critics argue that relying on CCS could delay the switch to renewable energy by allowing industries to continue burning fossil fuels. Supporters, on the other hand, say that CCS is a necessary tool to manage emissions from sectors that are difficult to decarbonize, such as heavy industry and aviation.

The future of CCS looks promising, but its success depends on several factors. First, it requires substantial investment. For CCS to be scaled up globally, significant funding is needed to build infrastructure, improve technology, and make it commercially viable. Governments and industries are beginning to recognize this, with countries like the U.S. and the U.K. setting aside billions of dollars to support CCS projects.

Public perception also plays a big role. Some view CCS as a short-term fix rather than a long-term solution, fearing it could prolong the use of fossil fuels. Others argue that CCS is essential for meeting climate goals, particularly in industries where emissions are hard to avoid. A recent report from the International Energy Agency (IEA) suggests that CCS could prevent billions of tons of CO2 from entering the atmosphere by 2050, helping to achieve net-zero emissions targets.

Technological advancements are also shaping the future of CCS. New methods, such as direct air capture (DAC), which captures CO2 directly from the atmosphere, are gaining momentum. While still in its early stages, DAC could complement CCS by addressing emissions that have already been released. Coupled with policies that price carbon emissions, such as carbon taxes or cap-and-trade systems, CCS could become more economically attractive to industries.

Despite the challenges, CCS is being viewed as an essential part of the broader climate strategy. Many experts agree that to meet global climate goals, we need all the tools available, including CCS, renewable energy, and energy efficiency measures. The question is no longer whether CCS can work—it’s how quickly it can be scaled up to make a difference in the fight against climate change.

In conclusion, carbon capture and storage offers a powerful way to reduce CO2 emissions from some of the world’s most polluting industries. While challenges remain, including cost and public perception, the technology holds great potential. As more governments and companies invest in CCS, we’re likely to see it play a larger role in mitigating the effects of climate change in the years to come.

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