Dr. Charles Harvey is a professor of environmental engineering at the Massachusetts Institute of Technology. Dr. Kurt House is the chief executive officer of KoBold Metals, a metals exploration company. On August 16th, they challenged the prevailing wisdom that carbon capture and storage (CCS) is key to fighting climate change in a New York Times guest essay titled, Every Dollar Spent on This Climate Technology Is a Waste.

Doctors Harvey and House opinion is driven by their own direct experience starting the first privately funded company to make use of CCS in 2008. Back then, solar and wind energy were vastly more expensive than generating electricity by burning fossil fuel, even if you added the high cost of capturing carbon dioxide (CO2) from the exhaust. Now, with clean renewable energy cheaper than burning coal, “it’s clear that we were wrong, and that every dollar invested in renewable energy — instead of C.C.S. power — will eliminate far more carbon emissions.” New York times, August 16, 2022

Support the Show.

Visit us at climatemoneywatchdog.org!