Carbon takeback obligation would make polluters pay

Carbon takeback obligation would make polluters pay

With COP26 still fresh in the minds of many in the energy industry, let us start by imagining a single policy, that if imposed on the fossil fuel industry, could if enforced consistently stop their products from causing global warming within a generation.

Scientists at Edinburgh and Oxford Universities claim the so-called Carbon Takeback Obligation, if applied to the oil & gas and coal sectors could achieve exactly that.

It would demand that fossil fuel extractors and importers dispose safely and permanently of a rising fraction of the CO2 they generate, with that fraction rising to 100% by the year Net Zero … roughly 2050.