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:
“If in the earlier part of the century, middle-class children suffered from overattentive mothers, from being “mother’s only accomplishment,” today’s children may suffer from an underestimation of their needs. Our idea of what a child needs in each case reflects what parents need. The child’s needs are thus a cultural football in an economic and marital game.”
—Arlie Hochschild (20th century)
“I always knew I wanted to be somebody. I think that’s where it begins. People decide, “I want to be somebody. I want to make a contribution. I want to leave my mark here.” Then different factors contribute to how you will do that.”
—Faith Ringgold (b. 1934)