“It’s uniquely important for decarbonising some very challenging industries, particularly cement, iron and steel.” “We should be trying to get rid of the CO₂ emissions without applying CCS and, once we’ve got to the stage where we can’t really substitute, then we’ve got to apply it,” says Paul Fennell, professor of clean energy at Imperial College London. We should be trying to get rid of the CO₂ emissions without applying CCS Paul Fennell, Imperial College London COP president-designate Sultan al-Jaber, who is also chief executive of Abu Dhabi state oil company Adnoc, has said the world must “get serious about carbon capture technologies” if it is to reduce industrial emissions.Įxperts say mechanical carbon removal methods are likely to be a necessary part of tackling climate change but that governments should focus efforts on reducing current greenhouse gas emissions through other means, such as rolling out renewables, or increasing energy efficiency. It is set to be a big topic at the COP28 summit this month. “Most timelines will probably slip a little bit, by a year or two,” he says. While Jacobsen expects progress by 2030, he notes that CCS will face technical barriers, as with any developing technology. To reach net zero emissions, 1bn tonnes of CO₂ will need to be captured by the end of the decade, the IEA says. However, the organisation says: “current policies are wholly insufficient to support outcomes that match government net zero emissions pledges.” Based on present plans, 115mn tonnes of CO₂ will be captured in 2030, compared with 40mn tonnes now. Total investment in CCS projects reached a record $3bn in 2022, according to the IEA. This article is part of an FT special report on Managing Climate Change But, despite rapid growth in the sector, the technologies remain expensive, and have not yet been proven at the scale needed to abate emissions fully. Heavily polluting industries are betting on CCS technology to cut their greenhouse gas emissions. It has signed deals to handle a small proportion of global emissions from Yara, a Norwegian fertiliser producer, and Heidelberg Materials, a German cement manufacturer. “We compare it with waste handling: you put your trash on the kerb and we come and pick it up,” explains Børre Jacobsen, the venture’s managing director. Northern Lights says it will offer a comprehensive service to carbon emitters. The International Energy Agency criticised the industry’s “excessive expectations and reliance on” the technology just last week - saying it was “not a way to retain the status quo”. Oil and gas companies have sought to play a leading role in developing CCS technology, but some accuse them of using it as a means to justify continued fossil fuel extraction. The process involves capturing carbon from industrial or power plant emissions and injecting it into depleted oil wells or aquifers. It will be the world’s first system offering cross-border transportation and storage of clients’ carbon dioxide emissions when it launches next year. Northern Lights, a joint venture between oil companies Shell, Equinor and TotalEnergies, has welcomed 6,000 visitors - including politicians, industry leaders and climate campaigners - to its site in Øygarden, near Bergen, in western Norway, since construction began in 2021. The hope of seeing the Northern Lights has long drawn tourists to Norway, but a Norwegian carbon capture and storage (CCS) project of the same name is now attracting plenty of interest of its own. Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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