Schlagwort: economics

Mountaineerenews: Bridge Initiative developing carbon dioxide removal policy solutions for West Virginia

„On Sept. 24, the Bridge initiative for Science and Technology Policy, Leadership, and Communications hosted a virtual kick-off meeting for their new science and technology policy study on carbon dioxide removal. The aim of CDR is to remove existing carbon dioxide from the atmosphere using land management strategies, accelerated weathering, bioenergy with carbon capture and sequestration, and direct air capture and sequestration. CDR presents potentially important economic and policy opportunities for West Virginia.“

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The Guardian: Coalition approves plan to award carbon credits to CCS fossil fuel projects

„The Morrison government has increased support for controversial fossil fuel projects that promise to capture and store carbon dioxide emissions by approving a plan to award them carbon credits. It followed the oil and gas company Santos saying a proposed carbon capture and storage (CCS) project at its Moomba gas well in South Australia hinged on whether it had access to carbon credit revenue.“

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Dunford, Eric; et al. (2021): Deploying Low Carbon Public Procurement to Accelerate Carbon Removal

Dunford, Eric; Niven, Robert; Neidl, Christopher (2021): Deploying Low Carbon Public Procurement to Accelerate Carbon Removal. In Front. Clim. 3. DOI: 10.3389/fclim.2021.686787.

„Carbon dioxide removal (CDR) will be required to keep global temperature rise below 2°C based on IPCC models. Greater adoption of carbon capture utilization and storage (CCUS) technologies will drive demand for CDR. Public procurement of low carbon materials is a powerful and under-utilized tool for accelerating the development and of CCUS through a targeted and well-regulated approach. The policy environment is nascent and presents significant barriers for scaling and guiding emerging technology solutions. The concrete sector has unique attributes that make it ideally suited for large-scale low-carbon public procurement strategies. This sector offers immediate opportunities to study the efficacy of a supportive policy and regulatory environment in driving the growth of CCUS solutions.“

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The Economist: Floating offshore farms should increase production of seaweed

„In many places where seaweed used to thrive, often growing in vast “forests”, it is disappearing. The cause is global warming, which, by heating the ocean’s upper layer, reduces its density through thermal expansion—thus making it more buoyant. That extra buoyancy means it is less likely to mix with cooler, denser and more nutrient-rich waters below. This is bad for the marine environment in general. More specifically, it is bad for commercial seaweed farming, a business with revenues of (depending on whom you ask) between $6bn and $40bn a year.“

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