Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
GE and Svante collaborate on solid sorbent carbon capture
Companies agree to develop applications of Svante’s novel technology for gas-fired power plants
Industrial emitters demand action to kickstart German CCS
Companies urge government to prioritise rapid scale-up of technology and infrastructure in forthcoming national carbon management strategy
Shell sees DAC potential for synthetic fuels production
Direct air capture could be significant provider of CO₂ feedstock, oil major says in climate-focused future energy scenario
Drax pauses world’s largest Beccs project
Major biomass power generator says £2bn project cannot proceed without clarity on UK government support for technology
BP and CNPC explore Hainan CCUS project
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
EU net-zero act prioritises CO₂ storage
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race
Germany under pressure to curb emissions
Government developing new strategy on CCS and other carbon management tools as energy sector emissions continued to rise last year
UK backs CCUS with £20bn funding pledge
Government commitment reassures investors and paves way for first two industrial clusters
Illinois Beccs project contracts Gas Liquids Engineering
Canadian engineering company hired by Marquis Energy to develop largest Beccs system in the state
Shell’s carbon compliance costs to double next decade
Oil major projects annual cost of $1.5bn in 2032 as governments develop emissions regulations
DAC and Beccs are unlikely to attract investment owing to cheaper credits from lower-quality projects
Carbon offsets Carbon capture
Stuart Penson
3 February 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Offset oversupply threatens carbon removal tech

Surplus offsets in voluntary carbon market could depress prices to 2050 and deter investment in more expensive removal methods, says BloombergNEF

Carbon-removal technologies including direct air capture (DAC) and bioenergy with carbon capture (Beccs) could miss out on the investment needed to scale them up over the coming decades because of oversupply in the voluntary offset market, according to research firm BloombergNEF. In a scenario where the dynamics of the voluntary market remain as they are today, oversupply could result in offset prices in 2050 being as low as $35/t. This would mean marginal demand for offsets, even as demand peaks in 2050, could be met by much cheaper credits from lower-quality projects, effectively pricing DAC and Beccs out of the market, BloombergNEF analysts told a recent presentation of the firm’s Volunta

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Traders expect more carbon border taxes
27 March 2023
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
GE and Svante collaborate on solid sorbent carbon capture
24 March 2023
Companies agree to develop applications of Svante’s novel technology for gas-fired power plants
Industrial emitters demand action to kickstart German CCS
23 March 2023
Companies urge government to prioritise rapid scale-up of technology and infrastructure in forthcoming national carbon management strategy
Shell sees DAC potential for synthetic fuels production
22 March 2023
Direct air capture could be significant provider of CO₂ feedstock, oil major says in climate-focused future energy scenario

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search