CCS underperforming

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https://discussion.fool.com/t/another-diesel-warning/79534/19

We just reviewed the prospects for biodiesel over on the METAR category. No way biodiesel can replace petroleum.

That makes electric vehicles or hydrogen the most likely solution if we are to achieve zero carbon sometime in the future.

Carbon capture and then hydrogenation to liquid fuels is one way to do that. Many details remain to be worked out and optimized. But could be part of the solution.

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As negotiators at the United Nations COP28 climate talks underway in Dubai consider a phaseout of fossil fuels, a new term has opened a potential middle ground in the debate: “abated emissions.” In this “abated” scenario, greenhouse gas emissions from some continued use of fossil fuels would be trapped using technology called carbon capture and storage, or CCS…

“We’ve got to have largely—largely—a phaseout of fossil fuels in our energy system by 2050, focusing carbon capture technologies on the hardest-to-abate sectors,” Kerry said…

The U.K.'s government-appointed Climate Change Committee called CCS “a necessity, not an option, for reaching net-zero emissions,” and the International Energy Agency, or IEA, has called it “an essential technology” for sectors of the economy that are hard to decarbonize. However, IEA also cautioned against “excessive expectations and reliance” on CCS. The technology is extremely costly and has so far generated more controversy than actual carbon reduction.

A recent report found that heavy reliance on CCS would be “highly economically damaging,” prominent clean energy expert Mark Jacobson called CCS “a complete scam”…

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