New Report Shows Pathways For Efficient Scaling Of Carbon Removal

New Report Shows Pathways For Efficient Scaling Of Carbon Removal - Carbon Herald
Credit: CNW Group | B.C. Centre for Innovation and Clean Energy

The B.C. Centre for Innovation and Clean Energy (CICE) – a not-for-profit company that helps fund the commercial development and scaling of made-in-British Columbia clean energy solutions, released a new report revealing the most effective innovation pathways to achieve gigatonne-scale carbon removal. 

The report titled Catalyzing Carbon Dioxide Removal at Scale confirms the big importance of carbon dioxide removal methods for reaching the zero emissions goals, shares the requirements, challenges, and technology gaps associated with leading natural and engineered CDR approaches and presents pathways to scaling CDR, considering variables associated with the methods such as cost, resources, land, and energy considerations. 

Relevant: First Of Its Kind Carbon Removal Report To Be Launched Jan 19th

“By leveraging the knowledge gathered through a combination of deep-dive reports, community engagement, and world-class subject matter experts, CICE uniquely validates future pathways to net-negative emissions, helping us to confidently lead investment and catalyze adoption of disruptive, carbon removal innovation where lack of traditional revenue metrics can be a barrier,” commented Todd Sayers, Chief Operating Officer at CICE.

A webinar “Catalyzing Carbon Removal at Scale: Key Findings Unveiled”, presenting the insights will take place on Wednesday March 6th, 2024, at 10am PDT. Participants can register here

Some key findings of the report are: 

  • A minimum of 10 gigatonnes of carbon dioxide removal per year is needed by 2025. Much more will be required if the world exceeds the 1.5 degree warming target for limiting the effects of climate change.
  • The amount of scale to remove 10 gigatonnes of CO2 per year is compared to the annual emissions from mining coal (8 gigatonnes), or the global production of oil (4 gigatonnes) and gas (3 gigatonnes). 
  • Land-based approaches are the most mature CDR options and show the nearest potential for near-term scaling – mainly through forests. They also involve converting the carbon in biomass to biochar and bioliquids through pyrolysis.
  • Ocean Alkalinity Enhancement (OAE) is estimated to have the highest potential for a multi-gigatonne scale of carbon removal. 
  • Nature-based approaches show the lowest cost, with ranges below $100 per tonne of CO2. For engineered CDR approaches at the gigatonne scale, some were estimated to have cost projections at, or approaching, $100.
  • A case study in B.C. is presented showing a 40% reduction in wildfires emissions locally would prevent over 140 million tonnes of carbon dioxide equivalent in a year like 2023, and at least 20 million tonnes of carbon dioxide equivalent per year based on the average emissions from wildfires over the past 10 years.

Relevant: Carbon Removal Prices To Continue Going Down According To Report From AlliedOffsets And Carbon Herald

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