Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

A Big Step for the Sky Vacuums

Bloomberg Businessweek

|

December 23, 2019

Companies are bringing down the cost of a controversial weapon against climate change

- By Peter Coy

A Big Step for the Sky Vacuums

Halting global warming by sucking carbon dioxide out of the air strikes many people as a dumb idea. It’s complicated and energy-intensive. Why not focus on keeping more greenhouse gases out of the atmosphere in the first place—say, by installing more solar and wind power? Stanford engineering professor Mark Jacobson told the Israeli newspaper Haaretz in early December that “carbon capture is the Theranos of the energy industry,” referring to the company that built false hopes for blood diagnostics.

Some critics even argue that “direct air capture” of CO2 is a form of greenwashing—i.e., putting a gloss of environmentalism on the dirty business of hydrocarbon production. They point to the involvement of oil companies Chevron, Exxon Mobil, and Occidental Petroleum, which intend to use captured CO2 to recover more oil from their fields.

The companies leading the commercialization of direct air capture—Carbon Engineering of Canada, Climeworks of Switzerland, and Global Thermostat of the U.S.—say the technology is meant to supplement, not replace, shifts to solar and wind power. They reject the charge of greenwashing, saying the use of CO2 in oil fields is a transitional step in the decarbonization of the global economy. One longterm plan is to inject the captured gas into basalt rock formations to remove it from the atmosphere.

Most important, the companies are trying to prove that direct air capture can be cheap enough to be deployed widely and soon. An influential study published in 2011 by the American Physical Society estimated it would cost $550 to capture a metric ton of carbon dioxide using one leading method. But in 2018, Harvard applied physicist David Keith and others wrote an article for the journal

MORE STORIES FROM Bloomberg Businessweek

Bloomberg Businessweek US

Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time to read

4 mins

March 13, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time to read

10 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time to read

11 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time to read

12 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time to read

4 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time to read

4 mins

March 20 - 27, 2023

Translate

Share

-
+

Change font size