1 Matching Annotations
- Nov 2023
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excessive expectations and reliance on CCUS
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for: quote - Carbon Capture expectations - unfeasible
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quote
- If oil and natural gas consumption were to evolve as projected under today’s policy settings, this would require an inconceivable 32 billion tonnes of carbon captured for utilisation or storage by 2050,
- including 23 billion tonnes via direct air capture to limit the temperature rise to 1.5 °C.
- The necessary carbon capture technologies would require 26 000 terawatt hours of electricity generation to operate in 2050,
- which is more than global electricity demand in 2022.
- And it would require over USD 3.5 trillion in annual investments all the way from today through to mid-century, which is an amount equal to the entire industry’s annual average revenue in recent years.
- If oil and natural gas consumption were to evolve as projected under today’s policy settings, this would require an inconceivable 32 billion tonnes of carbon captured for utilisation or storage by 2050,
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