April 28, 2021

CNBC: Carbon capture technology has been around for decades – here’s why it hasn’t taken off

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https://www.cnbc.com/2021/01/31/carbon-capture-technology.html

Carbon capture technology has been around for decades – here's why it hasn't taken off

2021-01-31 00:00:00, Cat Clifford, CNBC

Content Categorization
/Business & Industrial
/People & Society/Social Issues & Advocacy/Green Living & Environmental Issues

Word Count:
1685

Words/Sentence:
21

Reading Time:
11.23 min

Reading Quality:
Adept

Readability:
13th to 15th

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In that vein, here's a look at where carbon capture, utilization and storage or sequestration (CCUS), which is often shortened to "carbon capture," technology stands now and why it has, thus far, not been more broadly deployed.

Capturing carbon from the air, not from a factory smokestack, is called "direct air capture," and there are currently 15 direct air capture plants in Europe, the United States and Canada, according to the IEA.

The future of carbon capture technologyThe technology exists to capture carbon and there is a grave need for climate change to be mitigated.

"There is huge potential for direct carbon capture technology as part of a diverse climate plan," Crowther tells CNBC from Switzerland via email.

Hence, even the best carbon capture technology will be useless if the world is not willing to put a price on carbon," Berend Smit, a Professor of Chemical and Biomolecular Engineering at the Department of Chemical and Biomolecular Engineering, at the University of California, Berkeley, tells CNBC by email.

Keywords
Salesforce.Com Inc, Tesla Inc, Technology, Elon Musk, business news, Health care industry, Energy

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