Carbon capture sounds like a simple solution to a complex problem like climate change. And it’s especially appealing for a country like Canada with ambitious emission reduction targets. But does it work? John McNally, the Senior Advisor for Climate and Socio-Economic Policy at Scotiabank, recently wrote a report on the topic and is our guest this episode. He’ll give us a primer on this emerging technology and outlines the promise and potential hurdles it presents.
Key moments this episode:
1:23 – A quick overview of what carbon capture is
2:26 – Why is there so much talk about carbon capture right now?
3:26 – What is done with the carbon after it’s captured?
5:12 – What do carbon removal or capture facilities look like?
6:11 – Why Canada has an advantage when it comes to storage
6:40 – The most common question John gets asked: does carbon capture really work?
8:15 – How realistic is this technology when it comes to curbing climate change?
9:58 – What is the current global carbon capture capacity?
10:30 – Why Canada has the ‘bronze medal’ when it comes to carbon capture
10:47 – How big of a role does carbon capture play when it comes to Canada’s strategy to hit its climate goals?
12:11 – What are the biggest hurdles in ramping up carbon capture?
14:12 – The risks around carbon capture technology
16:03 – Why put the effort towards carbon capture and storage rather than focusing on reducing emissions?
17:25 – What the future has in store when it comes to carbon capture
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
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