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By Tom Lowe2021-07-30T05:00:00+01:00
National Infrastructure Commission warns that Industries and taxpayers will need to pay £40bn a year on carbon removals by 2050
Firms should face fines if they fail to remove all of the carbon they emit from the atmosphere, the government’s infrastructure adviser has said.
The National Infrastructure Commission (NIC) said that the government should place obligations on polluters to stump up the cost of greenhouse gas removals or face penalties.
In a major report published earlier this week, the agency said that UK industry and taxpayers will need to pay up to £40bn each year by 2050 on removing carbon and burying it under the seabed.
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The UK government must commit to the wide-scale deployment of greenhouse gas removal technologies by 2030 so it can meet its climate change obligations, according to a report by the National Infrastructure Commission (NIC).
The removal technologies explored by the NIC fit into two categories: extracting carbon dioxide directly out of the air and bioenergy with carbon capture technology (processing biomass to recapture carbon dioxide absorbed).
In both cases the captured carbon dioxide is then stored permanently out of the atmosphere, typically under the seabed.
The report sets out how the engineered removal and storage of carbon dioxide offers the most realistic way to mitigate the final slice of emissions expected to remain by the 2040s from sources that do not currently have a decarbonisation solution, such as aviation and agriculture.
By Jordan Marshall2021-07-29T05:00:00+01:00
National Infrastructure Commission says wide-scale deployment is needed by 2030
The UK government must ensure greenhouse gas removal technologies are being widely used by 2030 in order to meet its climate change obligations, a report by the National Infrastructure Commission (NIC) has warned.
According to the report, the engineered removal and storage of carbon dioxide offers the most realistic way of mitigating the emissions expected to remain by the 2040s from sources that don’t currently have a decarbonisation solution, like aviation and agriculture.
The NIC, which is chaired by Sir John Armitt, said given the scale of removals likely to be needed, these technologies would represent a whole new infrastructure sector that could reach revenues matching that of the UK’s water sector by 2050.