The world must quickly and thoroughly decarbonize if we have a hope of limiting
global warming to 2°C or less; and removing already-emitted carbon from the
atmosphere will play a key role in meeting those goals. We are likely to
overshoot our 1.5°C target, but there remains some hope of bouncing back to a
safe threshold. The IPCC’s most recent
report
suggests that carbon capture and storage (CCS) will likely play a major part in
keeping temperatures from exceeding safe boundaries.
CCS is a group of technologies that divert CO2 from the atmosphere and
permanently store it underground or convert it into products typically made from
fossil fuels — including
fuel,
polymers,
textiles
and a growing range of consumer
products.
CCS proponents argue it can offset emissions from hard-to-abate sectors such as
energy and heavy industry; while opponents fear it could further the status quo
and distract from the need for real emissions reductions.
Historically, carbon-management technologies have received little federal
investment compared to other cleantech solutions. But recent
legislation
in the United States is now attracting financing into the space, as
investors finally see CCS as a realistic deployment in their portfolios.
CCS has the world’s attention
At the next United Nations climate summit in Dubai, COP28 president
Sultan Al Jaber will likely push CCS to the top of the agenda —
calling
for an end to fossil fuel emissions, not a phase out of fossil fuels.
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“We must be laser-focused on phasing out fossil-fuel emissions while phasing up
viable, affordable, zero-carbon alternatives,” al-Jaber
said
at a conference last month in Berlin.
Asked to clarify what he meant by “phasing out fossil fuel emissions,” al Jaber
said, “We know fossil fuels will continue to play a role in the foreseeable
future in helping meet global energy requirements; [so the goal should be]
ensuring that we phase out emissions from all sectors — whether it’s oil and gas
or high-emitting industries — while in parallel we should exert all effort and
all investments in renewable energy and clean technology space.”
IPCC chair Hoesung Lee recently told the
Guardian
that carbon-capturing technologies are “no free lunch” to continue unabated
fossil-fuel consumption, further noting that technologies like CCS should be
used instead to mitigate the likelihood of overshooting 1.5° warming
targets.
Still, even if it were possible to immediately shut down all fossil-fuel
production, it’s likely that it would trigger staggering global ripple effects,
said Jessica Oglesby, Senior
Communications Lead at the Global CCS
Institute. Fossil fuels currently
provide
64 percent of the world’s energy. In absolute terms, fossil-fuel generation has
actually increased 70 percent since 2000; and most of this generation will
likely remain online past mid-century.
“The only way to remove those emissions is through technologies like CCS,”
Oglesby said.
It’s not a license to pollute, however. Oglebsy warned against CCS as a
smokescreen for continued status quo in hard-to-abate sectors such as oil and
gas — similar to the debate around plastic
cleanup
and
offset
strategies in ending plastic
pollution.
“We need to listen to science, not industry or politicians,” she said. “The
climate math is pretty simple: CCS needs to be a part of the solution; but it
does not mean that we have unlimited runway to use fossil fuels.”
‘No free lunch’ for oil and gas
And yet some of the most vocal advocates for CCS are preparing for a future
where fossil fuels continue to make up a majority of energy use, even past 2050.
ExxonMobil’s own
projections
have oil and natural gas producing over half of the planet’s energy in 2050,
with renewables contributing 14 percent and coal still hanging on at 13 percent.
The company’s five-year corporate
plan
projects spending upwards of $17.5 billion annually on fossil-fuel extraction
in the Permian Basin, Guyana, Brazil and elsewhere; whereas the oil
giant has earmarked only $6.8 billion for CCS, biofuels and hydrogen over that
period.
The fossil-fuel industry’s short-term expansion plans involve new oil and gas
projects that, if completed, could result in over 650 gigatons of new
emissions.
Even without continued fossil fuel development, pre-existing fossil fuel
infrastructure around today will put the planet over 1.5°C of
warming,
so CCS is no free lunch for oil and gas.
“The [fossil fuel] industry has begun responding to investor demands, public
policy requirements and societal expectations that will necessitate deeply
fundamental changes to the industry’s business model,” the Carbon Capture
Coalition said in an email to
Sustainable Brands®, further warning that “companies that ignore or
resist this reality risk accelerating disinvestment and decline.”
A 2020 literature
review found that
under current practices, point-source capture emits 1.42 to 4.7 tons of CO2 for
each ton removed, and direct-air capture emits 1.46 to 3.44 tons for each
removed. Any studies promoting CCS as a climate-mitigation tool, the report
concluded, do so by “leaving out part of the life cycle process — by assuming
low- or zero-carbon power sources, by invoking an emissions-discounting
‘displacement’ assumption or by ignoring that, in real-world practice, captured
CO2 is primarily used for oil production.”
Historically, most CCS projects use captured CO2 to extract additional oil from
depleting reserves, a term called “enhanced oil recovery” (EOR). However, new
federal incentives mean that more CCS projects are being developed for projects
other than fossil-fuel extraction. According to the Global CCS Institute, of the
37 commercial CCS projects online globally, 27 of them are used for EOR. But of
the 250 CCS projects currently in the development pipeline, only 26 of them will
be used for EOR — indicating a necessary shift away from fossil-fuel extraction.
Oglesby believes that comprehensive policy and incentives regulating carbon and
encouraging CCS buildout will incentivize oil and gas companies to phase down
production of fossil fuels. Putting a price on carbon and additional incentives
will also be key in pushing fossil fuel toward emissions reductions in line with
science, she said.
The Carbon Capture Coalition stressed that carbon management should be focused
on hard-to-abate sectors — particularly, heavy industry. Part of the way the
fossil fuel industry should shift is by utilizing CCS in activities that cannot
be powered by
renewables
— such as chemical refining,
cement
and steel, or hydrogen
production.
Current policy frameworks, the Coalition said, favor geological storage of
captured carbon or its conversion into commercial products such as fuel or
plastic. Hundreds of projects are in the pipeline; and according to the
Coalition, “more than 70 percent of these announced projects intend to store
captured CO2 deep underground safely and permanently in secure geologic
formations.”
“The climate math says that carbon capture and storage is going to need to be
part of the solution if we want to reach our net-zero emissions
goals
by mid-century,” Oglesby said. “We’re not saying it’s a silver bullet; but it
has to be part of the mix in order to address emissions.”
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Christian is a writer, photographer, filmmaker, and outdoor junkie obsessed with the intersectionality between people and planet. He partners with brands and organizations with social and environmental impact at their core, assisting them in telling stories that change the world.
Published Jun 19, 2023 8am EDT / 5am PDT / 1pm BST / 2pm CEST