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DavidPBL | 4 years ago

I find it ironic that carbon capture and storage technology was originally (might be wrong here) developed for enhanced oil recovery (EOR).

But yes we really need better systems to incentivize the capture and storage or utilisation of CO2. Carbon taxes a great place to start.

discuss

PaulHoule|4 years ago

You can drill in Texas and find CO2 underground and people used this for advanced oil recovery before it was captured at power plants. It is a use of CO2 that people will pay for.

DavidPBL|4 years ago

Didn't know that! I assumed it was always captured elsewhere.

As we find new profitable uses for CO2 the demand for it will increase, which should help create new carbon value chains.