11.10.2021

# Media

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Gulf Times: What climate change requires of economics

"This summer’s record-breaking heatwave in the American northwest offered a reminder – as if it were needed – of what anthropogenic climate change will mean for living conditions now and in the future. Average global temperatures have already risen to 1.2C above pre-industrial levels and could increase by another 5C over the next 80 years. This warming is hastening the extinction of many species and rendering parts of the world less hospitable for human habitation. By some estimates, climate change may force more than 1bn people to migrate by 2050.
Confronted with such massive long-term risks, many of our long-held assumptions will need to be revised, and the economics discipline is no exception. If we are going to avoid misguided policy pathways such as those that would abandon economic growth completely (even though billions of people around the world are still in poverty), we need to adapt mainstream economics to new climate realities."

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11.10.2021

# Media

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Podcast: September's cig carbontech funding announcements (Carbon Removal Newsroom)

"In this business-focused episode of Carbon Removal Newsroom, we’re discussing the major carbontech funding announcements that occurred throughout September, along with the news from Norway’s $1.4 trillion sovereign wealth fund that they’ll be requiring their portfolio holdings to go net-zero."

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08.10.2021

# New Publications

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Joppa, Lucas; et al. (2021): Microsoft's million-tonne CO2-removal purchase - lessons for net zero

Joppa, Lucas; Luers, Amy; Willmott, Elizabeth; Friedmann, S. Julio; Hamburg, Steven P.; Broze, Rafael (2021): Microsoft's million-tonne CO2-removal purchase - lessons for net zero. In Nature 597 (7878), pp. 629–632. DOI: 10.1038/d41586-021-02606-3.

"Strengthen markets, measures and definitions for removing carbon dioxide from the atmosphere to fight climate change. In January this year, Microsoft made a major announcement: it had paid for the removal of 1.3 million tonnes of carbon dioxide from the atmosphere. Among its purchases were projects to expand forests in Peru, Nicaragua and the United States, as well as initiatives to regenerate soil across US farms. [...] Here we summarize the lessons learnt from Microsoft’s carbon-removal efforts, along with those from another early corporate procurement — the $9-million purchases of carbon removal in 2020 and 2021 by the US–Irish financial-infrastructure company Stripe. Although these are just two companies’ efforts, they are the first significant open solicitations focused exclusively on carbon removal. We write as a team composed of Microsoft staff working on the company’s carbon-negative programme and research scientists who analyse carbon reduction and removal strategies."

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08.10.2021

# Media

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Gasworld: Shell to use BASF Sorbead tech for CCS

"Major player in the energy industry Shell is to incorporate catalyst expert BASF’s Sorbead Adsorption Technology into its carbon reduction plan following a collaborative partnership. The collaboration involved working together to study the use of the Sorbead technology for pre- and post-combustion carbon capture and storage (CCS) activities."

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08.10.2021

# Media

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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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04.10.2021

# Media

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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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04.10.2021

# Media

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Video: What does a full-fledged carbon removal industry look like? (Carbon Removal Updates Week #109)

"We need to remove 100 parts per million of carbon dioxide from the atmosphere. That means removing about 1 trillion tons of carbon dioxide...and doing something useful with it! I've got an insatiable desire to help figure this out. The changing climate will create the first trillionaire."


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04.10.2021

# Media

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Video: Highlights from Watershed’s Climate Week Forum

"Watershed hosted an event during Climate Week 2021 to go deep on how companies can take meaningful climate action. Here's a quick look at some of our favorite moments."

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04.10.2021

# New Publications

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Bennett, Jeffrey A.; et al. (2021): Life cycle meta-analysis of carbon capture pathways in power plants: Implications for bioenergy with carbon capture and storage

Bennett, Jeffrey A.; Abotalib, Mohammad; Zhao, Fu; Clarens, Andres F. (2021): Life cycle meta-analysis of carbon capture pathways in power plants: Implications for bioenergy with carbon capture and storage. In International Journal of Greenhouse Gas Control 111, p. 103468. DOI: 10.1016/j.ijggc.2021.103468.

"Bioenergy with carbon capture and storage (BECCS) based electricity generation is one possible approach for delivering large-scale carbon dioxide removal from the atmosphere. This study evaluates the environmental impacts of leveraging existing power plants for BECCS. We performed a life cycle meta-analysis of eight carbon capture technologies, including five previously simulated only for coal and natural gas, for both steam cycle and integrated gasification combined cycle (IGCC) power plants. We found that IGCC plants offer the best balance of negative emissions, energy return on investment (EROI) and low water use irrespective of capture technologies. Planned IGCC plants tend to be large whereas biomass-fired power plants are often small and distributed in the landscape because of the distributed nature of the fuel. Steam cycle plants had larger negative emissions, but also lower EROI, and so blending with coal may be necessary to achieve a suitable EROI. Steam cycles were sensitive to capture technology type, and results found membrane and calcium looping capture technologies offer a balance between negative emissions, EROI and water use when fired using coal-biomass blends. These results suggest that steam cycle power plants may be the most desirable candidates to support early-stage deployment of BECCS."

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04.10.2021

# New Publications

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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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