Carbon dioxide capture, use and storage (CCUS), whether by processing emissions from industrial facilities or extracting it from the air, is garnering a lot of media attention lately: the technology to do so has existed for many years — which doesn’t mean they can’t be improved by using other approaches — but until now, there was little economic incentive.

Rising prices per tonne of captured carbon dioxide make capturing carbon dioxide an increasingly viable business model, with all that this may entail, both positive and negative. It is estimated that up to 90% of the carbon dioxide produced in high concentrations in industrial facilities can be captured using relatively simple methodologies, in addition to smaller percentages when it is captured directly from the atmosphere, where it is much less concentrated. After capture, it must be stored, which requires adequate sites that don’t cause seismic instability, or it can be used in different industries, such as construction materials.

Rising prices for carbon dioxide is prompting more and more projects and the construction of installations to capture it in different places, even in the upper atmosphere. But carbon dioxide capture alone is no solution to the climate emergency and should not be seen as an excuse not to reduce emissions: we have the technology, but the amount of carbon dioxide captured compared to emissions has historically been extremely low, and most carbon dioxide is reinjected into oil reservoirs to aid further extraction of fossil fuels. 

Raising the amount of carbon dioxide being captured magnitude to the point where the technology makes sense both economically and environmentallymeans building a huge number of plants, as well as creating a market that goes beyond selling certificates and instead establishes a currency with intrinsic value, a way of investing in the viability of human life on the planet, using processes that can be carried out and audited by anyone, including farmers who switch to new growing methods.

The idea makes sense the moment we can link the price of a ton of carbon dioxide to a fund that allows us to pay for it, not simply as an excuse for someone to pay and emit another ton of carbon dioxide (even though it is becoming more and more expensive), but as a sustainable approach in itself. All future scenarios envisage the use of this type of technology as a way of trying to balance emissions; now we just need to approach it with the right mindset.

Recently Published

Who will win Nobel Prizes in 2022? Wikipedia posits a handful of contenders for Physiology or Medicine, about 20 different possible winners for the Peace Prize and several dozen potential winners of the Literature Prize. But since the Swedish Academy never announces nominees in advance, there are few insights indicating who will win, or even if the eventual winner […]
A few years ago, the chess website temporarily banned US grandmaster Hans Niemann for playing chess moves online that the site suspected had been suggested to him by a computer program. It had reportedly previously banned his mentor Maxim Dlugy. And at the Sinquefield Cup earlier this month, world champion Magnus Carlsen resigned without comment after playing a poor game against 19-year-old Niemann. He has since […]

Top Picks

Ads are coming to Netflix, perhaps even sooner than anticipated.  The Wall Street Journal has reported that Netflix has moved up the launch of their ad-supported subscription tier to November. The Sydney Morning Herald, meanwhile, is reporting that Australia is amongst the first countries likely to experience ads on Netflix later this year. Netflix first announced they would introduce […]
Have you ever been mocked or abused for your views on COVID? If so, you’re not alone. Anyone wishing to engage in an open dialogue surrounding the pandemic can often encounter a hostile climate, especially online. This extreme polarisation around COVID reflects a broader “culture war” in society, where disagreements on political, cultural and social […]


The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. Its prime accomplishment was the expansion of our ability to abstract the world. Until then, pragmatism reigned, limiting most people’s thoughts and interactions primarily because we lacked the tools to extrapolate information, to wield it for things that lay beyond obvious […]
I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […]

Join our Newsletter

Get our monthly recap with the latest news, articles and resources.

Latest Titles

Empirics Podcast

  • The Future Of Aviation Is Electric?


Welcome to Empirics

We are glad you have decided to join our mission of gathering the collective knowledge of Asia!
Join Empirics