Energy Transition #3. What Carbon Capture needs to work: Supportive state policies. An interview with Asam Rafi of Carbon Clean

As CarbonCopy has reported, a global race is underway to bring down electrolyser prices. That should help users seeking to ditch carbon fuels for cleaner alternatives. As for firms without cleaner pathways, they can reduce their emissions through carbon capture. Existing technologies for capture, however, are too expensive, and run on too small a scale. Earlier this month, for instance, Orca, the world’s largest direct air capture unit, began running in Iceland. It cost $10 million and captures no more than 4,000 tonnes of carbon dioxide a year. Even in India, units running carbon-capture plants complain of high prices, making these installations unviable.

In the previous story, we showed how Indian value chains are being forced into decarbonising thanks to global markets and finance. As this interview makes clear, these firms are decarbonising sans a supportive state.

The consequences? Wait for part five.

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