The great thing about biomass with carbon capture and storage is that it deals with our other liquidity crisis which is the carbon liquidity crisis. Our economic and physical energy has already emitted a dangerous amount of carbon dioxide into the atmosphere and we need to reduce carbon dioxide concentrations to a safe level of 350 parts per million. The current concentration is approaching about 390 ppm which is well in the danger zone. Climate scientist Hans Joachim Schellnuber and climate change advisor to fellow physicist German Chancellor Angela Merkel argue that we need negative emissions by 2070 and a 80 Global reduction in carbon dioxide emissions by 2050 to prevent a very dangerous two degrees of warming.
However, using renewable energy by itself to solve the climate crisis by itself in the short term would be a very expensive but otherwise desirable undertaking. The problem with that is that it requires a large amount of infrastructure to be built, something like a one-time, non-discounted cost of 18 Trillion if the US was to replace all its energy with wind power. Such a cost would have to be borne over a period of a decade or two as not all of the economic resources of the US or any other country could go into building wind turbines. Biomass with CCS will make meeting the global target of 350 ppm of CO2 by 2100 about 20 trillion dollars cheaper over the century at a discounted value at 5% a year.
The graph above shows that the 350 ppm CO2 target can be meet at relatively low cost provided we are able to find 200 Exajoules of bio energy which would be about 3% of the worlds land area in bio energy plantations. This degree of land commitment may be difficult but it is likely far better than other options available to us. Currently, the third world (such asChina) and even developed countries such as the UK are building new coal fired power plants which creates the issue of emissions lock in as those plants will emit carbon dioxide for 40-50 years and thus another generation is unavoidably going to have to clean it up.
The article that the information comes from is
CARBON CAPTURE AND STORAGE FROM FOSSIL FUELS AND
BIOMASS – COSTS AND POTENTIAL ROLE IN STABILIZING
THE ATMOSPHERE
CHRISTIAN AZAR1, KRISTIAN LINDGREN1, ERIC LARSON2
and KENNETH MO¨ LLERSTEN
Climatic Change (2006)
DOI: 10.1007/s10584-005-3484-7
http://www.environmental-expert.com/Files\6063\articles\6220\w30h4274h130580u.pdf
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