"Right now we've only got one planet, said Musk, CEO of electric carmaker Tesla Inc."Even a 0.1% chance of disaster -- why run that risk? That's crazy!"
Carbon capture and storage has drawn growing interest as a warming climate has melted glaciers, intensified tropical storms and resulted in"sunny day flooding" of more and more coastal areas. While countries are working to reduce emissions, scientists say carbon removal technology will also be crucial to the goal of getting emissions to net zero by 2050.
The technology is not yet commercially viable. Removing carbon costs more than $300 per metric tonne in a world that each year emits greenhouse gases equivalent to about 50 billion tonnes of carbon dioxide. By 2050, some 10 billion tonnes of carbon capture may be needed, by some estimates. Contenders must sequester carbon for at least a hundred years. Organizers said they will get feedback by mid May and turn guidelines into rules.
Source: Energy Industry News (energyindustrynews.net)
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