There's been a lot more investment in the sector. There's a lot of talk about carbon capture right now from companies, from governments. The relatively new miracle of carbon capture and storage. In many ways, it can be a part of how we address the problem but it can't be a magic cure to climate change.
We're starting from a place where there's already too much CO2 in the atmosphere, so you need negative emission technologies to remove that last piece.Īnd until we have scale of renewable, this is an important element in decarbonizing the use of oil and gas.
Long-term, you really need to change so many things about our system, rather than using the same old existing fossil fuel sources of energy and then finding a really expensive solution to how to deal with their emissions. There is this sense that, for some industries, like steel and cement, it's going to be very difficult for them to get to absolute zero.īut what should the role of CCS be for the oil and gas sector, for example, is much harder to agree on. I don't think at this stage we really have a plan of getting to net zero without some role for carbon capture and storage. You can enable subtitles (captions) in the video playerįrom my point of view, it's a little bit of column A and a little bit of column B.
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