IN THE NEWS
The rise of carbontech:
Finally, carbon dioxide
finds market value.
Exciting things are happening in the world of carbon capture. A new category of companies are coming to market using technological innovation to turn excess CO2 into useful, marketable products. They are calling themselves “CarbonTech” or “Carbon to Value” and proposing that carbon waste can be turned into products of real value.
According to the 2018 report by the Intergovernmental Panel on Climate Change (IPCC), humanity will need to reduce its global carbon budget significantly in the next 10 to 14 years. Carbon buildup in the atmosphere over the past hundred years is already causing tangible impacts such as the recent flooding in Mozambique, the California fires and the severe storms which have afflicted major portions of the US.
Decarbonization—the reduction or removal of carbon dioxide from energy sources - has become increasingly significant in light of the threat posed by global warming as illustrated in a UN report that looks at the dire consequences of an increase in the Earth’s temperature above 1.5 degrees Celsius.