from the world's big
Canadian company to build plant that will remove CO2 from atmosphere — convert it to fuel
The Bill Gates-backed venture promises to remove CO2 from the atmosphere at a rate of under $100 per tonne.
- Negative emissions technologies remove CO2 from the atmosphere and store it or convert it to fuel.
- In addition to capturing carbon, Carbon Engineering also converts stored carbon into a fuel that can be used by everyday vehicles.
- The ability to profit from carbon capture and conversion will surely help make these kinds of technologies more cost-effective.
To hit the international goal of keeping global warming below 2 degrees Celsius this century, reducing emissions and using renewable energies probably won't be enough. That's why people are becoming increasingly interested in negative emissions technologies, which suck CO2 out of the atmosphere and store it underground or convert it into carbon-neutral fuel. These processes have been too costly to implement on a large scale, however.
But that might change soon: Carbon Engineering Ltd, a Canada-based company that's been running a pilot carbon-capture program since 2015, just raised enough money to build its first commercial-scale negative-emissions facility. The company says its systems can now remove CO2 from the atmosphere at a rate of under $100 per tonne — what's long been considered the benchmark for negative-emissions technology to be cost-effective.
"A financial investor invests because they like your business plan. We were able to bring some pretty big Silicon Valley venture capital to us," said Carbon Engineering president and CEO Steve Oldham, whose company is backed by the likes of billionaire Bill Gates.
Carbon Engineering says one of its commercial plants would occupy 30 acres of land and be able to pull one megaton of CO2 from the atmosphere per year. Oldham said that's equivalent to planting about 40 million trees.
The company is also able to convert captured carbon into fuel through a process it calls "air to fuels," which involves combining captured CO2 with hydrogen from water. This process requires a lot of electricity, but Carbon Engineering uses renewable hydro power, meaning the resulting fuel ends up being carbon-neutral when burned.
What's most interesting about the fuel is that the company says it can be used by existing cars, trucks and planes without requiring any modifications to the vehicles.
In the near future, Carbon Engineering plans to build one or two plants in order to see how the designs work out. The idea is to scale "aggressively but not recklessly," Oldham said.
"Our technology is ready to go to market, [but] we don't want to end up in a situation where we miss something and we have to fix it in five or six different plants at once."
The ability to profit from carbon capture and conversion would surely help make these processes more cost-effective, and also help increase the amounts of carbon we pull from the atmosphere: Currently, we remove only 1 percent of total carbon emissions.
Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.
Got $55 million lying around? If so, you might be able to score a spot aboard the International Space Station starting 2024.
- NASA awarded a contract to startup Axiom Space to attach a "habitable commercial module" to the International Space Station.
- The project will also include a research and manufacturing module.
- The move is a major step in NASA's years-long push to privatize.
Image: Axiom Space<p>But first, space-tourist-hopefuls would have to pass through physical and medical exams, and 15 weeks of expert training. After that, the trip sounds pretty comfy:</p><p>"There will be wifi," Suffredini <a href="https://www.nytimes.com/2018/06/09/style/axiom-space-travel.html" target="_blank">told the New York Times</a> last year. "Everybody will be online. They can make phone calls, sleep, look out the window. [...] The few folks that have gone to orbit as tourists, it wasn't really a luxurious experience, it was kind of like camping. [...] Pretty soon we're going to be flying a butler with every crew."</p>
A render of the ISS tourist experience.
Image: Axiom Space<p>In a blog post, NASA wrote:</p><p>"Developing commercial destinations in low-Earth orbit is one of <a href="https://www.nasa.gov/press-release/nasa-opens-international-space-station-to-new-commercial-opportunities-private" target="_blank">five elements</a> of NASA's plan to open the International Space Station to new commercial and marketing opportunities. The other elements of the five-point plan include efforts to make station and crew resources available for commercial use through a new commercial use and pricing policy; enable private astronaut missions to the station; seek out and pursue opportunities to stimulate long-term, sustainable demand for these services; and quantify NASA's long-term demand for activities in low-Earth orbit."</p>
NASA's push to privatize the ISS<p>When a Russian rocket launched the first module of the ISS into space in 1998, NASA expected the space station to operate for about 15 years. But the agency has extended the life of the ISS twice, with funding currently set to expire in 2024. NASA spends between $3 and $4 billion per year operating and shuttling astronauts to and from the station. That's a decent chunk of the agency's $22.6 annual budget. What's more, the "major structural elements" of the ISS are certified only through 2028.</p><p>Meanwhile, NASA has been eyeing other projects, namely: putting humans back on the moon in 2024 and establishing a lunar presence. So, to save and redirect money, the agency has been starting to hand over the aging space station to the private sector, which could use it for commercial research and space tourism.</p><p>But some have questioned the move to privatize the ISS, including NASA's own inspector general, Paul K. Martin.</p><p>"An obvious alternative to privatization is to extend current ISS operations," Martin wrote in a <a href="https://oig.nasa.gov/docs/CT-18-001.pdf" target="_blank">2018 report</a>. "An extension to 2028 or beyond would enable NASA to continue critical on-orbit research into human health risks and to demonstrate the technologies that will be required for future missions to the Moon or Mars."</p>
Image: Axiom Space<p>Martin noted that "research into 2 other human health risks and 17 additional technology gaps is not scheduled to be completed until sometime in 2024," meaning that any slip-ups in the process would mean such research might go uncompleted. He also wrote that it's "questionable" whether the private sector could turn a profit on the ISS without "significant" government funding. The Institute for Defense Analyses, a federally funded research and development center, <a href="https://docs.house.gov/meetings/SY/SY00/20180517/108302/HHRG-115-SY00-Wstate-LalB-20180517.pdf" target="_blank">also found</a> that it "is unlikely that a commercially owned and operated space station will be economically viable by 2025."</p><p>The implication is that, if the ISS is handed over to the private sector, taxpayers could end up indirectly supporting space tourism for the ultra-rich. Whether that's worth any of the research benefits that might come from the ISS post-2024 is anybody's guess.</p><p>As the ISS enters its final years, China <a href="http://www.xinhuanet.com/english/2019-10/17/c_138479514.htm" target="_blank">plans</a> to complete construction of a manned space station in 2022.</p>
The coronavirus pandemic has brought out the perception of selfishness among many.
- Selfish behavior has been analyzed by philosophers and psychologists for centuries.
- New research shows people may be wired for altruistic behavior and get more benefits from it.
- Crisis times tend to increase self-centered acts.
Paul Krugman on the Virtues of Selfishness<div class="rm-shortcode" data-media_id="7ZtAkm6C" data-player_id="FvQKszTI" data-rm-shortcode-id="828936bf6953080e9018307354c0c02b"> <div id="botr_7ZtAkm6C_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/7ZtAkm6C-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/7ZtAkm6C-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/7ZtAkm6C-FvQKszTI.js"></script> </div> The Nobel Prize-winning economist on the virtues of selfishness.
Evolution Is Moving Us Away from Selfishness. But Where Is It Taking ...<div class="rm-shortcode" data-media_id="cyeqmYCb" data-player_id="FvQKszTI" data-rm-shortcode-id="6c5efecb56456e9acc25cf36935b1826"> <div id="botr_cyeqmYCb_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/cyeqmYCb-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/cyeqmYCb-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/cyeqmYCb-FvQKszTI.js"></script> </div>
Exploring Morality and Selfishness in Modern Times<div class="rm-shortcode" data-media_id="02eX1Cag" data-player_id="FvQKszTI" data-rm-shortcode-id="45cc6180db791f32683988fb52faff26"> <div id="botr_02eX1Cag_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/02eX1Cag-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/02eX1Cag-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/02eX1Cag-FvQKszTI.js"></script> </div> Philosopher Peter Singer discusses the state of global ethics.
Parenting could be a distraction from what mattered most to him: his writing.
Ernest Hemingway was affectionately called “Papa," but what kind of dad was he?