Climate Compass Blog
Recently, I had the opportunity to attend as an observer the launch of the National Enhanced Oil Recovery Initiative, facilitated by the Center and the Great Plains Institute. In the short time since the launch, the EOR Initiative has generated notable
Carbon dioxide enhanced oil recovery (CO2-EOR) works by injecting CO2 into existing oil fields to increase oil production. It is not a new concept. In fact, around 5 percent, or 272,000 barrels per day, of all domestic oil produced comes from oil recovered using this technique, which was first deployed in West Texas in 1972. Decades of monitoring CO2-EOR sites have shown that in properly managed operations the majority of CO2 is retained in the EOR operation and not released to the atmosphere. One of the initiative’s goals is to better understand the role of CO2-EOR for carbon storage as this industry grows to produce more than 1 million barrels per day, or around 17 percent of domestic oil supply in 2030.
Will U.S. companies be ready to compete in the world markets of the future? Global clean energy markets pose a $2.3 trillion opportunity over the next 10 years, providing enormous potential for innovation in new technologies, products and business models. These opportunities will help us achieve the greenhouse gas emission reductions that scientists say are needed to mitigate the worst effects of climate change.
Yet the United States’ commitment to developing these markets for innovation is lagging. While the Pentagon is calling for improved energy security, the U.S. House of Representatives is proposing funding cuts for energy innovation that would reduce our reliance on fossil fuels. After surviving the FY 2011 federal budget battle by receiving $180 million out of the $300 million requested by the President, on June 15 the U.S. House Appropriations Committee voted to cut FY 2012 funding to $100 million for the Advanced Research Projects Agency-Energy (ARPA-E). The President had requested $550 million for the agency, which funds transformational energy technology research.
This post originally appeared on Txchnologist
At a time when many are adopting the narrative that carbon markets are faltering, the European Union (EU) is aggressively pursuing the expansion of theirs to include aviation. One of only two mandatory greenhouse gas (GHG) cap-and-trade systems in the world, the EU Emissions Trading Scheme (ETS) plans to fold in a new sector beginning in January 2012. Our research shows reducing GHG emissions from aviation is critical if we are to mitigate the impacts of global climate change. Low-carbon fuel technology and other technologies for airplanes are advancing at a rapid clip, but we need a climate policy – either a price on carbon or something else – to get over the hump.
|Glaciers on the summit of Mount Kilimanjaro|
I recently returned from climbing Mount Kilimanjaro in Tanzania for a great cause, and I was reminded why I left engineering to work on climate change. Mount Kilimanjaro, or Kili, is the tallest peak in Africa, and its summit is covered with beautiful glaciers (see the picture to the right). But those glaciers are rapidly disappearing, and scientists estimate Kili’s summit will be ice free by 2022. This trend is a prime example of forced adaptation to climate change and provides a serious warning of things to come unless we work together to reduce our global greenhouse gas emissions. The action we need has to come from government at all levels, businesses, and individuals as we explain in our Climate Change 101 series.
Undoubtedly, it’s a different climate for talking about climate change this year. Extreme weather events have replaced legislative proposals as the big hook for discussing the issue. What hasn’t changed much is that we are still talking about it, and much of the talk still centers on the costs.
When climate legislation was before Congress last year, much of the discussion focused on the costs of reducing greenhouse gas emissions. This year we are seeing a new set of headlines. Story after story describes communities across our country being hit by extreme weather events – the floods in the Mississippi, Missouri and Souris rivers, the drought in Texas, and the wildfires in Florida and Arizona. We see vivid photos of temporary levees being built around nuclear power plants and wildfires threatening stored plutonium in New Mexico. The increasing number of extreme weather events is a wake-up call of the costs we will incur if we fail to address climate change.