Push to limit emissions via carbon removal could cost airlines, travelers
By Shannon Longworth (Reporter), Jack Aylmer (Producer)
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Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Associated Press NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on abc NewsBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on CNNBiden Bets Billions on Tech That Sucks Carbon Out of the Air
Click to see story on BloombergEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Alaska Highway NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Richmond NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on North Shore NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Lakeland TodayEnergy Department announces largest-ever investment in ‘carbon removal’
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Click to see story on Town And Country TodayEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Burnaby NowEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Delta OptimistEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on PiqueEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Coast ReporterEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on New West RecordBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on Koco News5Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Flin Flon ReminderEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on San Antonio Express-NewsBiden administration earmarks $1.2 billion for two large-scale carbon capture projects
Click to see story on EngadgetEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Powell River PeakEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on westernwheel.caUS awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs
Click to see story on ReutersBiden administration announces funds for projects to pull carbon from the air
Click to see story on The HillEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Winnipeg Free PressU.S. Energy Department announces $1.2 billion to build two carbon dioxide removal sites in Texas, Louisiana
Click to see story on UPIBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KCRA 3Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on WPLGEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on WKMGBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WCVBBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WLWTEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Washington Top NewsBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WMURBiden bets billions on tech that sucks carbon out of the air
Click to see story on Phys.orgBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WLKYBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WESHBiden administration to invest $1.2 billion in projects to suck carbon out of the air
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Click to see story on KETVBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WTAEBiden administration to invest $1.2 billion in projects to suck carbon out of the air
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Click to see story on WMTWBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WVTMBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WAPTBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KOATBiden administration makes largest ever investment in “engineered carbon removal”, spending $1.2 billion to vacuum up climate-warming gases in the air
Click to see story on FortuneEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on KOB 4Energy Department announces greatest investment in ‘carbon removal’
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Click to see story on BRPROUDBiden administration to invest $1.2 billion in projects to suck carbon out of the air
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Click to see story on KHBSSW La. chosen as spot for nation’s largest-ever investment in ‘carbon removal’ – American Press
Click to see story on Lake Charles American PressThe US just invested more than $1 billion into carbon removal
Click to see story on MIT Technology ReviewEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on National PostEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Financial PostUS President Biden set to bet billions on tech that sucks carbon out of the air
Click to see story on The Straits TimesRight
Untracked Bias
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on St. Albert GazetteEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Rocky Mountain OutlookBiden administration announces new carbon capture facilities planned for Louisiana, Texas
Click to see story on WBRZFri. 8:15 a.m.: Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on tribtoday.comBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WJCLBiden bets billions on tech that sucks carbon out of the air
Click to see story on Beckley Register-HeraldEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on cochraneeagle.caUS government announces largest-ever investment in engineered carbon removal « Carbon Pulse
Click to see story on carbon-pulse.comBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on mor-tv.comIn an effort to combat climate change, the U.S. government has launched an initiative aimed at catalyzing the burgeoning carbon removal industry. The Energy Department has recently unveiled a 1.2 billion plan that will attempt to establish a market for removing carbon dioxide already present in the atmosphere, with an initial focus on constructing the first two commercial-scale direct air capture hubs in the nation.
It has been billed by the department as the “world’s largest investment in engineered carbon removal in history.” These two hubs — with one set to be built in Louisiana and the other in Texas — are anticipated to create nearly 5,000 new jobs while simultaneously removing CO2 emissions equivalent to those produced by around 500,000 gas-powered vehicles annually once operational.
“If we deploy this at scale, this technology can help us make serious headway toward our net-zero emissions goals while we are still focused on deploying more clean energy at the same time,” Energy Secretary Jennifer Granholm said. “Cutting back on our carbon emissions alone won’t reverse the growing impacts of climate change; we also need to remove the CO2 that we’ve already put in the atmosphere.”
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Though the project would be the first to attempt carbon capture at such a large scale, climate scientists view the continued development of carbon removal infrastructure as a pivotal factor in achieving the global warming targets set under the Paris Agreement.
“I believe it is more than likely we will hit 1.5C by the end of the decade. It’s false thinking, that the [Intergovernmental Panel on Climate Change] is saying we can manage [to stay below that level] with reducing emissions,” said David King, a former chief scientific adviser within the U.K. government. “The carbon we have put up [in the atmosphere] will have to be removed. It may cost a fortune, but we have to recognise that the alternative is to lose our civilisation.”
The commercial viability of these direct air capture hubs is gaining traction, with experts projecting a potential market value of 1 trillion by the 2030s.
While this government-backed endeavor could result in significant financial gains for commercial carbon capture operations, the same push to limit emissions also has the potential to cost the aviation industry trillions.
As airlines face the prospect of decarbonization, the financial implications loom large, with estimates predicting about 5 trillion of capital investment may be needed. To achieve the industry’s goal of carbon neutrality by 2050, significant investments must be directed towards sustainable fuel production, a pivot away from the 100 billion gallons of conventional jet kerosene the industry burns annually.
While cleaner biofuels present an environmentally-friendly alternative, they come at a cost — being at least twice as expensive as traditional jet fuel.
“I do not think this is affordable or sustainable, given the size of the industry and its projected growth,” said Volodymyr Bilotkach, associate professor in aviation management at Purdue University and author of The Economics of Airlines.
The transition to cleaner biofuels could result in increased travel fares, fewer available routes and potentially fewer airlines in operation. To mitigate the economic impact, some government relief has been provided through subsidies on biofuels under the Inflation Reduction Act, a move welcomed by airline executives.
However, this federal assistance is not projected to stave off the higher costs of sustainable fuel production from leading to increased charges for travelers. The International Council on Clean Transportation has projected that financing the decarbonization of the aviation industry may necessitate up to a 22% increase in ticket prices by 2050.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Associated Press NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on abc NewsBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on CNNBiden Bets Billions on Tech That Sucks Carbon Out of the Air
Click to see story on BloombergEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Alaska Highway NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Richmond NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on North Shore NewsEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Lakeland TodayEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Mountainview TodayEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Town And Country TodayEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Burnaby NowEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Delta OptimistEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on PiqueEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Coast ReporterEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on New West RecordBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on Koco News5Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Flin Flon ReminderEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on San Antonio Express-NewsBiden administration earmarks $1.2 billion for two large-scale carbon capture projects
Click to see story on EngadgetEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Powell River PeakEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on westernwheel.caUS awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs
Click to see story on ReutersBiden administration announces funds for projects to pull carbon from the air
Click to see story on The HillEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Winnipeg Free PressU.S. Energy Department announces $1.2 billion to build two carbon dioxide removal sites in Texas, Louisiana
Click to see story on UPIBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KCRA 3Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on WPLGEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on WKMGBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WCVBBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WLWTEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Washington Top NewsBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WMURBiden bets billions on tech that sucks carbon out of the air
Click to see story on Phys.orgBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WLKYBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WESHBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WDSUBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KETVBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WTAEBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WYFFBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KCCIBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KMBCBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WBAL-TVBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WISNBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WPTZBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WMTWBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WVTMBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WAPTBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KOATBiden administration makes largest ever investment in “engineered carbon removal”, spending $1.2 billion to vacuum up climate-warming gases in the air
Click to see story on FortuneEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on KOB 4Energy Department announces greatest investment in ‘carbon removal’
Click to see story on NY1Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on BRPROUDBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WPBFBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WGALBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WXIIBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KSBWBiden administration investing $1.2 billion to suck carbon from air
Click to see story on abc12/WJRTBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KHBSSW La. chosen as spot for nation’s largest-ever investment in ‘carbon removal’ – American Press
Click to see story on Lake Charles American PressThe US just invested more than $1 billion into carbon removal
Click to see story on MIT Technology ReviewEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on National PostEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Financial PostUS President Biden set to bet billions on tech that sucks carbon out of the air
Click to see story on The Straits TimesRight
Untracked Bias
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on St. Albert GazetteEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Rocky Mountain OutlookBiden administration announces new carbon capture facilities planned for Louisiana, Texas
Click to see story on WBRZFri. 8:15 a.m.: Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on tribtoday.comBiden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WJCLBiden bets billions on tech that sucks carbon out of the air
Click to see story on Beckley Register-HeraldEnergy Department announces largest-ever investment in ‘carbon removal’
Click to see story on cochraneeagle.caUS government announces largest-ever investment in engineered carbon removal « Carbon Pulse
Click to see story on carbon-pulse.comBiden administration to invest $1.2 billion in projects to suck carbon out of the air
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