Shaping Resource Flows: The Role of Carbon Capture in Meeting Net-Zero Carbon Goals with Jennifer Wilcox
President Biden has laid out a bold and ambitious goal of achieving net-zero carbon emissions in the U.S. by 2050. The pathway to that target includes cutting total greenhouse gas emissions in half by 2030 and eliminating them entirely from the Nation’s electricity sector by 2035. Investment in technology research, design, development, and deployment (RDD&D) will be required to achieve the president’s objectives, including investments in both carbon capture at point sources in addition to carbon dioxide removal approaches that target the accumulated pool of carbon in the atmosphere. Both will be required to achieve net-zero carbon emissions in time and they will require increased deployment in order to move down the cost curve. These efforts combined with effective policy will make these approaches economically viable.
These approaches are critical and they must be deployed in parallel. Deployment of these technologies at the scale required will necessitate the use of resources including land, water, and in some cases, low-carbon energy, while ensuring the secure and reliable storage of carbon dioxide (CO2) on a timescale that impacts climate. Therefore, CCS and CDR deployment must be implemented strategically in terms of regional goals and requirements.
The Office of Fossil Energy and Carbon Management will play an important role in the transition to net-zero carbon emissions by reducing the environmental impacts of fossil energy production and use – and helping decarbonize other hard-to abate sectors – through investments in technology solutions including CCS, direct air capture, and the deployment of carbon capture technologies to produce low-carbon products and fuel, including hydrogen. Jennifer Wilcox, the Principal Deputy Assistant Secretary, Office of Fossil Energy, U.S. Department of Energy, will be our featured speaker.