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Zero: The Climate Race

Carbon removal’s magic number

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7219 Ratings

🗓️ 16 November 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

If reducing emissions from industry is the first step for carbon capture, then drawing down excess CO2 to reverse climate change is the next. This week Akshat speaks to Dr. Jennifer Wilcox, head of the US Department of Energy’s office that is funding two gigantic carbon removal hubs and many small demonstration projects. They talk about why carbon removal is so complicated, crucial, and hitting the magic number $100. This is the second in a two part series about carbon management.

Listen to the previous episode in this series:

Read More:

Send us your questions about COP via [email protected] and we’ll try to answer them from the conference

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, Brian Kahn, and Michelle Ma.  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

Hey, it's Akshad.

0:02.6

I'll be going to COP28 in Dubai later this month.

0:06.2

I'd love to find a way to answer the many questions you may have of the United Nations Climate Conference.

0:12.4

Check out the show notes for details on how to send us your questions.

0:16.3

Thanks for listening.

0:23.6

Welcome to Zero.

0:24.9

I'm Akshadrati.

0:26.2

This week, reduce, reuse, remove. The sad reality is that even though the world has clear climate goals, it was late in starting to do something about them.

0:49.3

That's why meeting these goals will not just mean an end to dumping greenhouse gas emissions,

0:55.0

but also undoing some of that damage by drawing down carbon dioxide from the air.

1:02.0

That's what we are going to talk about today.

1:04.0

This is the second in a series that looks at the state of carbon capture and carbon removal technologies.

1:10.0

Last week, I talked to Emily

1:11.7

Grubert. She's a professor at Notre Dame University and we talked about the potential and

1:16.9

limits of technologies that trap emissions before they exit a smokestack. That type of point source carbon

1:23.5

capture is expected to do the heavy lifting as the world gets close to net zero by 2050.

1:30.3

But as we get closer to that date, which is only 27 years from now, net zero models say that

1:36.1

carbon removal technologies will have to kick into gear. The International Energy Agency suggests

1:41.3

the world needs 1 billion tons of carbon dioxide removed from the

1:45.3

air by 2050.

1:47.3

Currently, we draw down less than 10,000 tons each year.

1:52.0

I think it's really indisputable right now that we will overrun our climate safety barriers,

...

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