Economic Factors
A crucial issue for CDR methods is their cost, which differs substantially among the different technologies, some which are not developed enough to perform cost assessments of. The American Physical Society estimates the costs for direct air capture to be $600/tonne with optimistic assumptions. The IEA Greenhouse Gas R&D Programme and Ecofys provides an estimate where 3.5 billion tonnes could be removed annually from the atmosphere with BECCS (Bio-Energy with Carbon Capture and Storage) at carbon prices as low as €50, whereas a report from Biorecro and the Global Carbon Capture and Storage Institute estimates costs "below €100" per tonne for large scale BECCS deployment.
Read more about this topic: Carbon Dioxide Removal
Famous quotes containing the words economic and/or factors:
“A society which is clamoring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice. The stress is in our civilization.”
—Margaret Mead (19011978)
“The goal of every culture is to decay through over-civilization; the factors of decadence,luxury, scepticism, weariness and superstition,are constant. The civilization of one epoch becomes the manure of the next.”
—Cyril Connolly (19031974)