Why Carbon Capture Can Help Solve Climate Change

  • Date: 09-Jun-2021
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Why Carbon Capture Can Help Solve Climate Change

The United States has set ambitious environmental targets. This technology can help meet them. In February, the United States rejoined the Paris Agreement on climate change, promising to reduce greenhouse gas emissions by 25% by 2025 compared to 2005 levels. In April, President Joe Biden increased that commitment, pledging to cut emissions by at least 50% by 2030. Honeywell recently pledged to achieve carbon neutrality of its facilities and operations by 2035. The first carbon storage facility, was established in 1996, demonstrating the feasibility of safe long-term storage of CO2 in deep underground formations. These are ambitious goals. Meeting them faster can be achieved with significant investments in carbon capture and storage. Here's what that means. What is Carbon Capture? Carbon capture means capturing CO2 from sources such as industrial processes or power generation and preventing it from entering the atmosphere, either by storing it or consuming it. There are natural ways to capture and store carbon. For example, farmers can plant cover crops that absorb carbon dioxide and sequester it in the soil. But technology makes it possible to also capture CO2 in industrial settings. In power plants, steel refineries and cement factories, carbon capture technology can trap CO2,