Push to limit emissions via carbon removal could cost airlines, travelers
Aug 11, 2023
By Shannon Longworth (Reporter), Jack Aylmer (Producer)
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden Bets Billions on Tech That Sucks Carbon Out of the Air
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration earmarks $1.2 billion for two large-scale carbon capture projects
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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US awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs
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Biden administration announces funds for projects to pull carbon from the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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U.S. Energy Department announces $1.2 billion to build two carbon dioxide removal sites in Texas, Louisiana
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden bets billions on tech that sucks carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration makes largest ever investment in “engineered carbon removal”, spending $1.2 billion to vacuum up climate-warming gases in the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces greatest investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration investing $1.2 billion to suck carbon from air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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SW La. chosen as spot for nation’s largest-ever investment in ‘carbon removal’ – American Press
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The US just invested more than $1 billion into carbon removal
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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US President Biden set to bet billions on tech that sucks carbon out of the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration announces new carbon capture facilities planned for Louisiana, Texas
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Fri. 8:15 a.m.: Energy Department announces largest-ever investment in ‘carbon removal’
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden bets billions on tech that sucks carbon out of the air
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Energy Department announces largest-ever investment in ‘carbon removal’
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US government announces largest-ever investment in engineered carbon removal « Carbon Pulse
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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In 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 dataLeft 33%
Center 61%
Right 6%
Bias Distribution
Far
Left
+0
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Left
+0
Click to close
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Associated Press News
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on abc News
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on CNN
Biden Bets Billions on Tech That Sucks Carbon Out of the Air
Click to see story on Bloomberg
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Alaska Highway News
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Richmond News
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on North Shore News
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Lakeland Today
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Mountainview Today
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Town And Country Today
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Burnaby Now
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Delta Optimist
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Pique
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Coast Reporter
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on New West Record
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on Koco News5
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Flin Flon Reminder
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on San Antonio Express-News
Biden administration earmarks $1.2 billion for two large-scale carbon capture projects
Click to see story on Engadget
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Powell River Peak
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on westernwheel.ca
Click to close
US awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs
Click to see story on Reuters
Biden administration announces funds for projects to pull carbon from the air
Click to see story on The Hill
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Winnipeg Free Press
U.S. Energy Department announces $1.2 billion to build two carbon dioxide removal sites in Texas, Louisiana
Click to see story on UPI
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KCRA 3
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on WPLG
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on WKMG
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WCVB
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WLWT
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Washington Top News
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WMUR
Biden bets billions on tech that sucks carbon out of the air
Click to see story on Phys.org
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WLKY
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WESH
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WDSU
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
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Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WVTM
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WAPT
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KOAT
Biden 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 Fortune
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on KOB 4
Energy Department announces greatest investment in ‘carbon removal’
Click to see story on NY1
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on BRPROUD
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WPBF
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WGAL
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WXII
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KSBW
Biden administration investing $1.2 billion to suck carbon from air
Click to see story on abc12/WJRT
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on KHBS
SW La. chosen as spot for nation’s largest-ever investment in ‘carbon removal’ – American Press
Click to see story on Lake Charles American Press
The US just invested more than $1 billion into carbon removal
Click to see story on MIT Technology Review
Click to close
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on National Post
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Financial Post
US President Biden set to bet billions on tech that sucks carbon out of the air
Click to see story on The Straits Times
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Untracked Bias
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on St. Albert Gazette
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on Rocky Mountain Outlook
Biden administration announces new carbon capture facilities planned for Louisiana, Texas
Click to see story on WBRZ
Fri. 8:15 a.m.: Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on tribtoday.com
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on WJCL
Biden bets billions on tech that sucks carbon out of the air
Click to see story on Beckley Register-Herald
Energy Department announces largest-ever investment in ‘carbon removal’
Click to see story on cochraneeagle.ca
US government announces largest-ever investment in engineered carbon removal « Carbon Pulse
Click to see story on carbon-pulse.com
Biden administration to invest $1.2 billion in projects to suck carbon out of the air
Click to see story on mor-tv.com
Click to close
73 other sources covering this story
Total News Sources
73
Leaning Left
21
Center
39
Leaning Right
4
Last Updated
9 months ago
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