The time has come to voice our fears and be honest with wider society. Current net zero policies will not keep warming to within 1.5°C because they were never intended to. They were and still are driven by a need to protect business as usual, not the climate. If we want to keep people safe then large and sustained cuts to carbon emissions need to happen now. That is the very simple acid test that must be applied to all climate policies. The time for wishful thinking is over.
CCS
Critics of carbon capture respond that it is a giant boondoggle that has never worked and never will work. Just a few weeks ago, our own Michael Barnard posted an article in which he said carbon capture is “an overly hyped, overly hoped for solution that isn’t and won’t scale remotely economically.” He suggests when you are digging a hole for yourself, at some point it is best to stop digging and start facing reality.
If BEV weren’t moving money and turning policy makers’ heads, I likely wouldn’t care. But billionaire adulation isn’t going to solve the climate crisis. Gates and the other founders are creating as many problems and causing secondary organizations and even governments to waste time and money we can ill afford. That’s not because they don’t care, but because they aren’t starting from reality. Investment theses require a very strong basis in reality and climate investments require strong technical due diligence. BEV’s theses in several parts of their portfolio are off base, and their technical due diligence approaches non-existent.
Carbon capture and sequestration in all of its various ineffective, inefficient and expensive forms is having another run up the hype cycle. Nothing has really changed. The problems still exist. The alternatives are still better. The potential for use is still minuscule. And so, the CCS Redux series, republishing old CCS articles with minor edits.
Carbon capture and sequestration in all of its various ineffective, inefficient and expensive forms is having another run up the hype cycle. Nothing has really changed. The problems still exist. The alternatives are still better. The potential for use is still minuscule. And so, the CCS Redux series, republishing old CCS articles with minor edits.