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:
“Politics at all times lead to bloody wars, and not only politics, but also religions as well as social and economic systems of all times are spattered with blood. Invariably the big ones devoured the little ones, and the little ones the tiny ones.”
—Friedrich Dürrenmatt (1921–1990)
“Girls tend to attribute their failures to factors such as lack of ability, while boys tend to attribute failure to specific factors, including teachers’ attitudes. Moreover, girls avoid situations in which failure is likely, whereas boys approach such situations as a challenge, indicating that failure differentially affects self-esteem.”
—Michael Lewis (late–20th-century)