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I'm not seeing it. What makes it profitable? If it were intrinsically profitable, wouldn't heavy carbon emitters be capturing their own carbon before diluting i

by dTal 5y ago

I'm not seeing it. What makes it profitable? If it were intrinsically profitable, wouldn't heavy carbon emitters be capturing their own carbon before diluting it in the atmosphere? What do you do with the carbon? >The captured carbon can either be buried deep underground or sold for other uses Okay. Burying sounds expensive and not at all profitable. What uses? >Climeworks sells some of its captured carbon to Coca-Cola Alright, that's going right back into the atmosphere. Not really a win. What else? >oil producers like Exxon and Chevron are investing heavily in carbon capture because the carbon can be used to release trapped oil underground. Ah.

monkeydreams 5y ago
> I'm not seeing it. What makes it profitable? Avoiding future costs would be my guess. Carbon pricing and/or regulatory imposition will arrive and make failure to implement capture or abatement a costly prospect.
IdiocyInAction 5y ago
> I'm not seeing it. What makes it profitable? In the EU (and some other jurisdictions, but the EU is the largest), companies must purchase certificates that allow them to pollute (EU ETS). Such companies could participate in this scheme and maybe generate those certificates - other companies would then have to buy from them, making the whole venture profitable.