Hi guys, Welcome to the Advanced Video Search Engine, and you are watching What Is Direct Air Capture Technology?. That video is uploaded by Rob Freeman | Securing The Built Environment at 2024-01-12T23:00:10-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [TbWMLqFGZNs]
| Name | What Is Direct Air Capture Technology? |
| Video Uploader | Video From Rob Freeman | Securing The Built Environment |
| Upload Date | This Video Uploaded At 13-01-2024 07:00:10 |
| Video Discription | https://robfreeman.com/direct-air-capture/ - Direct air capture is not a single, monolithic technology but rather a spectrum of techniques. Broadly, DAC systems can be classified based on their sorbent material, either solid or liquid, and the energy source utilized, which can be renewable, non-renewable, or even waste heat. The CO2 captured is then sequestered underground, used in commercial applications, such as in cement for creating concrete bricks for construction, or transformed into carbon-neutral fuels. There are two primary, technical approaches to deploying DAC: Solid sorbent DAC and liquid sorbent DAC. 1. Solid Sorbent DAC: Utilizes solid materials to chemically bind with CO2. This process usually requires less water than liquid sorbents and can often operate at lower temperatures. 2. Liquid Sorbent DAC: Involves a liquid solution that captures CO2 and is later regenerated to release CO2 for storage or use. However, the scalability of either approach to DAC is contingent on overcoming significant technical and financial challenges. The energy requirement for capturing and compressing CO2 is substantial, and the cost of current technologies remains high, albeit decreasing with research and development advancements. For project developers, the financial landscape is crucial… Fortunately, there are multiple financial incentives and mechanisms designed to make DAC projects more viable. In the United States, the 45Q tax credit is a primary financial incentive for carbon capture and sequestration activities. It provides a credit for each metric ton of CO2 sequestered. The Inflation Reduction Act of 2022 significantly enhanced this credit, creating a more favorable economic environment for DAC technologies. Globally, grants from governments and international organizations are also accessible. The European Union, for instance, has dedicated funds for carbon capture and storage (CCS) through its Horizon Europe program. Cap-and-trade systems provide indirect incentives for DAC by setting a market price for carbon emissions. Companies can earn tradable carbon credits for removing CO2 from the atmosphere, which they can sell to emitters who exceed their carbon caps. Green bonds are a growing source of financing for environmental projects, including DAC. These bonds are used to fund projects with environmental benefits and can be issued by governments or corporations. Green loans are similarly earmarked for eco-friendly projects and can offer favorable terms for DAC developments. As DAC is an emergent technology with substantial growth potential, it attracts significant interest from venture capital (VC) and private equity (PE) firms. These investors are often willing to assume higher risks for the potential of considerable returns as the technology matures and scales. TbWMLqFGZNs |
| Category | Science & Technology |
| Tags | direct air capture | DAC | 45Q tax credit | renewable energy finance | inflation reduction act |
