Carbon Capture and Storage: Hiding dirt under the rug or a real clean up?
- 21 March 2022 (10 min read)
- Carbon Capture and Storage (CCS) consists of retrieving carbon dioxide (CO₂) from industrial exhaust fumes, transporting it and storing it underground
- Although there are mature, or quickly maturing, capture technologies, transport and storage ecosystems have yet to be developed in most places
- The economic equation of CCS is improving but remains challenging. Putting a price on carbon is a necessity for CCS to really take off
- We believe the scale of CCS development envisaged in several net zero scenarios set out by major institutions is not yet credible
- CCS is both a structural and a temporary solution for the energy transition: It is a critical technology for unabatable process emissions – for instance in the cement industry – and a transition technology while industrial processes and energy consumption patterns evolve
- Social acceptance of storage sites – especially onshore – and risk perceptions could be significant roadblocks
- The priority is first to reduce and avoid emissions. CCS has a role as a mitigation tool in some cases, and should not be used as an excuse to avoid emissions reduction
Sea Change. Do our oceans and coastlines hold the key to combat climate change?
71% of the earth's surface is covered by water and of this, 96% is in our oceans. It's this natural capital that makes human life possible. But could our oceans also hold the key to fighting climate change? And how can we, as investors, protect against biodiversity loss by investing in both public and private markets?
Our host, Herschel Pant, speaks to Dr. Ana Queiros, Senior Benthic Ecologist at Plymouth Marine Laboratory and winner of the 2022 AXA IM Research Award, and Adam Gibbon, Natural Capital Lead at AXA IM Alts as well as Chris Iggo, Chair of the AXA IM Investment Institute and CIO of AXA IM Core.
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