The US Government Is Rolling The Dice On Direct Air Capture
Energy Gang8 Syys 2023

The US Government Is Rolling The Dice On Direct Air Capture

Direct air capture and carbon sequestration – is it viable, and scalable?

The U.S. Department of Energy announced in late August that it would be investing $1.2 billion in two direct air capture or DAC facilities. Direct air capture technology, which uses either chemical media (such as a liquid solvent or solid sorbents) or physical processes involving filters to remove C02 directly from the atmosphere. Carbon capture technologies - that capture CO2 at emissions point sources, like power plants or steel making - is also an area the DOE will be supporting for demonstration projects.

Some environmentalists have sharply criticized the Biden administration for providing financial support for DAC and CCS technologies, arguing not only is the technology expensive and unproven, but that it serves as a false flag mechanism by the oil and gas industry to sanction them to continue emitting greenhouse gases.

So should the government be investing billions in these technologies? Can CCS and DAC play a role in decarbonizing hard to abate sectors? To answer these questions and more, guest host Amy Myers-Jaffe steps in for regular host Ed Crooks to anchor the show this week. Amy is Director of NYU’s Energy, Climate Justice and Sustainability Lab. She’s enlisted two Energy Gang regulars and climate modelling experts to explore the world of carbon capture: Emily Grubert, Associate Professor of Sustainable Energy Policy at the Keough School of Global Affairs at the University of Notre Dame, and Robbie Orvis, Senior Director of Modelling and Analysis at the climate thinktank Energy Innovation.

Emily explains the challenges and viability of direct air capture as a technology, while Robbie outlines the modelling that implicates the oil industry in pushing for carbon capture; is it to prolong the lifespan of fossil fuel technologies?

It’s an episode packed with science and analysis, as well as an in-depth look the socio-political implications of initiatives such as DAC and CCS. There’s discussion around NIMBYism, and concern of local communities around the environmental impact of the projects proposed by the DOE.

How currently available incentives are structured raises another issue — they incentivize the capture of maximum CO2 for sequestration but neglect to account for how much greenhouse gas is invested in the capture process. This invites operations that can produce large amounts of CO2 to do so as they can more easily remove it from flue gas streams due to higher concentrations resulting from the use of fossil fuels.

The team wrap up the show by discussing the point that energy sectors we're dealing with – including cement, steel, and various chemical productions – are mostly old, often outdated. So, is it more feasible to create a billion-dollar investment to build CCS plants on the backends of these facilities, or to invest in newer, greener technologies and start afresh? As more sustainable methods become available, the relevance and usefulness of CCS must continually be re-evaluated. It’s all here on this week’s episode.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(578)

Why is it so hard to build big energy projects? The barriers that obstruct new infrastructure development, and how to get past them

Why is it so hard to build big energy projects? The barriers that obstruct new infrastructure development, and how to get past them

Whoever you ask, you are likely find broad agreement that the world needs more energy infrastructure. Whether you are worried about ensuring secure supplies, powering new data centres, or cutting gree...

7 Heinä 1h 6min

The new politics of power: What's really driving up American electricity bills? And what can we do about it?

The new politics of power: What's really driving up American electricity bills? And what can we do about it?

US residential electricity prices have risen by more than 40 per cent since the start of 2021, which is much faster than general inflation. Utilities requested a total of $31 billion in increased rate...

23 Kesä 46min

Methane is both a problem and an opportunity: How market-based solutions can cut emissions even after climate policy has retreated

Methane is both a problem and an opportunity: How market-based solutions can cut emissions even after climate policy has retreated

Methane is the second-most important greenhouse gas, after carbon dioxide. It has accounted for roughly 30% of human-induced global warming since the 19th century. But it is also a valued commodity, u...

15 Kesä 50min

How AI is changing the natural gas industry

How AI is changing the natural gas industry

There are two great forces reshaping the world of energy today. The AI boom and the wave of investment in new data centres have sent power producers scrambling for generation capacity to meet soaring ...

12 Kesä 43min

The Iran war and the energy transition: what happens when the world is focused on supply security, not emissions

The Iran war and the energy transition: what happens when the world is focused on supply security, not emissions

The conflict in the Middle East has created severe disruption to shipping traffic through the Strait of Hormuz, taking roughly 20% of global supplies of liquefied natural gas (LNG) off the market. It ...

9 Kesä 49min

It is too hard to build things in America: Can permitting reform begin a new era for energy investment?

It is too hard to build things in America: Can permitting reform begin a new era for energy investment?

America is facing an energy supply crisis created by surging demand for electricity from data centres. A transition to a lower-carbon system requires massive investment in new clean energy infrastruct...

25 Touko 1h 1min

How US utilities are adapting to a high-growth world for power demand. The head of America's largest electricity industry group explains the critical role played by regulators

How US utilities are adapting to a high-growth world for power demand. The head of America's largest electricity industry group explains the critical role played by regulators

The era of stagnant electricity demand in the US is over. Data centres, electrification, and reshoring of manufacturing are driving a surge in demand that is stronger that anything that anyone current...

19 Touko 48min

Stress test: the Iran war and a US grid under pressure | Live from the ACORE Finance Forum, Day two

Stress test: the Iran war and a US grid under pressure | Live from the ACORE Finance Forum, Day two

The war with Iran has put a spotlight on the security and resilience of energy and supply chains around the world. In this second special episode from the ACORE Finance Forum in New York, host Ed Croo...

14 Touko 1h 33min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
mimmit-sijoittaa
ostan-asuntoja-podcast
rss-rahapodi
rss-oivalluksia-rahasta-elamasta
asuntoasiaa-paivakirjat
rahapuhetta
rss-inderes
inderespodi
rss-hilden-kaira-podcast
rss-sami-miettinen-neuvottelija
kasvun-kipuja
pomojen-suusta
sijoituspodi
hyva-paha-johtaminen
rss-kahavia-ja-markkinointia-podcast
rss-stressivapaa-johtaja-nakokulmia-henkilokohtaiseen-kasvuun
rss-markkinointitrippi
rss-tarkeista-asioista-2