Removing CO2 from the atmosphere is expected to play a significant role in reaching net-zero and compensating a potential overshoot in our remaining carbon budget to achieve the Paris Agreement.
While many have suggested that the cost of DAC could fall below 100 $/t, a recent study from ETH Zurich (Sievert et al., 2024) suggests that these costs are likely to stay above, at least, 200 $/t even when reaching the gigaton scale. This study has sparked much debate in the direct air capture, carbon dioxide removal, and emission mitigation communities.
NCS C+ thus take the opportunity of this study to gather experts in the direct air capture and carbon dioxide removal landscape, investment analysts, policy analysts, etc. to take an updated discussion on both the costs of DAC and its role in achieving the climate targets.
Agenda:
Introduction by organizer and panel moderator Simon Roussanaly, SINTEF Energy Research
Presentation of the study “Considering technology characteristics to project future costs of direct air capture“ by Katrin Sievert, ETH Zurich
Session 1: The cost of DAC – where do we stand and where are we going?
Short presentations on different cost-related aspects of DA
- “NETL solvent- and sorbent-based DAC studies” by Dr. Sally Homsy, NETL
- “Energy’s cost and GHG intensity and its impact on DAC cost” by Prof. Matteo Gazzani, Utrecht Universit
- “The investor perspective” by Lisa Mangertseder, Carbon Removal Partner
- “How could the cost of DAC be further reduced” by Robert Höglund, Marginal Carbon
Panel discussion
Session 2: The role of DAC in achieving the climate targets
Short presentations on different cost-related aspects of DAC
- “Carbon dioxide removal to products – role and importance” by Prof. Andrea Ramírez Ramírez, TU Delft
- “DAC roles in IEA scenarios” by Dr. Mathilde Fajardy, International Energy Agency
Panel discussion
Closing remarks by Simon Roussanaly, SINTEF Energy Research
- Explore SINTEF's research areas:
CCS and Climate-positive solutions
