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Zero: The Climate Race

Big promise, little success: The state of carbon capture

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7219 Ratings

🗓️ 9 November 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

The U.S. is spending billions on carbon capture as a climate solution, but is it realistic? The method has been around for 50 years and used primarily as a way to extract more oil. To find out how and if carbon capture can work as a climate solution, Akshat speaks with Emily Grubert, a professor at Notre Dame about what tech demonstrations have actually demonstrated and where this precious resource should be deployed.

This is the first in a two part series about carbon management. 

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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hi, I'm Olivia Rudgard, a reporter for Bloomberg Green. I'm currently working on a piece

0:05.7

about climate anxiety and I have a request for zero listeners. Climate change can cause stress, both

0:11.1

with people directly affected by it and for those concerned about its effects on others and

0:14.8

their future. If you're okay to share your experience of this, we would love to hear from you. Tell

0:20.3

us what makes you

0:21.0

worry, how your worries affect your life, and what helps you feel better. Take our short

0:25.3

survey. There's a link in the show notes. Thank you. Welcome to Zero. I'm Akshatrati. This

0:33.6

week, crawling carbon carefully.

0:56.5

This is a climate solutions podcast, and I've talked with experts about all kinds of weird and wonderful solutions.

1:03.4

Everything from stuff that got a start in a garage to things that make billions of dollars in profit every year.

1:08.4

Deploying these solutions means avoiding carbon pollution in the first place.

1:13.7

Deploying a solar panel means someone has to burn less coal. But there is a type of climate solution that directly manages those emissions.

1:18.3

It's called carbon capture and storage, or CCS.

1:22.7

As a commercial technology, it's been exploited for more than 50 years by the oil and

1:27.2

gas industry. Its use

1:28.8

for climate purposes is more recent and has often failed.

1:33.3

Some say carbon capture is an expensive and misguided distraction in the fight against climate

1:38.8

change. The fundamental problem of this industry, which is that it lacks revenue.

1:43.3

Carbon capture and storage is a priority for this administration.

1:47.7

Over the next two episodes, we will explore the different ways in which carbon pollution

1:51.9

can be managed using CCS technologies.

1:55.6

It's a crucial time to talk about carbon capture, because there's a resurgence in interest.

...

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