- Dr. Pratima Rangarajan
Voices of Innovation
Dr. Ernie Moniz is a leader in understanding solutions to climate change through innovation. What are the technologies, policies, and business models needed to accelerate clean energy and decarbonization? How can energy companies better engage with government to accelerate the innovation ecosystem and the development and deployment of early-stage discoveries? What are the most promising technology pathways for a lower-carbon future? Interviewed by Pratima Rangarajan, CEO of OGCI Climate Investments, the $1B+ fund to catalyze low-carbon solutions.
Some analysts argue that GHG emissions will turn out to have peaked in 2019. However, even if the tipping point has been reached, the rate of emissions reductions is slow and the accumulated concentration of GHG in the atmosphere is already high. It is doubtful that emissions reductions alone will bring the world in line with the ambitions of the Paris Accord. The realization of this sobering fact has led to increased interest in carbon removal technologies, including nature-based solutions; carbon capture, use, and sequestration (CCUS); and direct air capture. But carbon removal faces many challenges, including scale, costs, lack of public support, and issues with measurement, reporting, and verification. How viable is carbon removal technologically? Could it ever become economic? What technology breakthroughs are required? What policy support could accelerate deployment?