News Headline: Worlds largest Direct Air Carbon Capture plant opened in Iceland.... - Climate

vsaw, 28 days ago

News Headline: Worlds largest Direct Air Carbon Capture plant opened in Iceland.
https://www.heise.de/news/Groesste-CO-Filteranlage-der-Welt-in-Island-eroeffnet-9715212.html

In other words: Direct Air Carbon Capture still to expensive compared to publicly traded CO2 Certificates
https://www.ey.com/de_de/decarbonization/eu-ets-wie-stark-steigen-die-co-preise-bis-2030

(English translations in the ALT text)
#DAC #carboncapture #climatechange

🇩🇪 Laut einer Studie des Potsdam-Instituts für Klimafolgenforschung (März 2023), welche die Auswirkungen der aktuellen Reformen des EU ETS wie etwa die schnellere Reduzierung der verfügbaren Emissionszertifikate berücksichtigt, könnten die Preise für Emissionszertifikate im Jahr 2030 auf bis zu 126 Euro/t CO ansteigen. Auf lange Sicht, bis 2050, werden Preisanstiege bis zu 400 Euro/t CO, vorhergesagt. 🇬🇧 According to a study by the Potsdam Institute for Climate Impact Research (March 2023), which takes into account the effects of the current reforms of the EU ETS, such as the faster reduction of available emission allowances, the prices for emission certificates could rise to up to 126 Euro/t CO in 2030. In the long term, until 2050, price increases of up to 400 Euro/t CO are predicted. Source https://www.ey.com/de_de/decarbonization/eu-ets-wie-stark-steigen-die-co-preise-bis-2030

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vsaw, 28 days ago

Also, to put the 36 thousand tons of CO2 the plant can capture into perspective: The average German person emits ~11 tons CO2 per year. Hence the plant can remove the yearly carbon output of ~3300 German citizens.

So the worlds largest plant will not even be able to compensate the carbon put out by a small German town…

#dac #carboncapture #climatechange

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