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 related to economic factors:
“The labor of women in the house, certainly, enables men to produce more wealth than they otherwise could; and in this way women are economic factors in society. But so are horses.”
—Charlotte Perkins Gilman (1860–1935)