the critical link in the CO2 logistics chain
Background and facts
In view of the objectives defined by Cop 21, and the destructive climatic phenomena which are accelerating at an exponential rate, the need to substantially reduce greenhouse gas emissions (GHG), and the first of them, the CO2, exceeds in 2021, the framework of the definition “major priority”, to move without brake towards the absolute necessity to reduce these emissions.
In addition to measures aimed at improving energy efficiency, it is essential to set up an “end to end” logistics chain, traced without possible dispute, ranging from capture to CO2 sequestration (CCS) or its industrial recovery ( CCU).
Global warming
Whether through the IEA, the IPCC or other organizations, the observation is the same: the increase in the average temperature of the atmosphere has direct consequences on the climate, biodiversity, agriculture, etc. population migrations, pandemics and health, sea level, ...
Keep in mind that energy needs will grow by 41% by 2035 (Source Outlook / BP).
In addition to this, you need to know more about it.
CO2 compensation
A CO2 quota is a "right to pollute", which is exchanged between manufacturers who emit massive amounts of CO2, whether they are voluntary or subject to regulation; and which offset their emissions by purchasing allowances, or carrying out actions that have a positive impact on the climate.
We are able to observe civic behavior on the part of actors who do not emit CO2 directly to me but who voluntarily offset the indirect emissions linked to the activity of their employees.
Anthropogenic CO2
Human activity currently produces nearly three times more CO2 than in 1970 and if we continue on this trend, in 2050, we will globally produce twice as much as today, according to the most pessimistic estimates of the Agency. Energy International (IEA).
To reduce emissions by half, without changing our behavior, it would be necessary, again according to AIE, to invest € 45,000 billion in dedicated infrastructures and technologies.
It will be necessary to adapt and make investments as a priority that will lead to a significant reduction in greenhouse gases (GHGs). We CO2track allows concrete and certifiable control to ensure a drastic reduction of CO2 in 2050 (-75% compared to “business-as-usual” scenarios)
International organizations whose mission is to assess climate change alert and call for major rapid changes: improvement of energy efficiency, development of renewable energies and capture of CO2 and its sequestration on a very large scale (more than ten GT per year in 2050).
CO2 Financial Markets
During the first two phases of the implementation of CO2 quota systems, the market was supported by large volumes of allowances distributed free of charge, the number of which was regularly revised downwards but not enough to avoid a collapse in the price of exchange.
To this, were added, two factors which led to the explosion of these markets, amplified by an immense collective "fraud" in the VAT (relating to billions of euros for Europe alone). The lack of coupling between physical CO2 flows and fiduciary CO2 securities (quotas, rights, penalties, etc.) has allowed this traffic to continue for too long.
In addition to this, you need to know more about it.