All the guests endorsed far more investment in equipping coal plants with carbon-sequestration technology. Carbon capture-and-storage basically involves trapping CO2 at the point of emission, then drilling it into subterranean storage spaces (such as spent oil wells). Though workable in laboratory demonstrations, there is not yet a single commercial coal plant in existence today that deploys sequestration technology.
Christopher Field of Stanford emphasized the enormous logistical challenges involved in implementing sequestration technology on an industrial scale: to sequester even 10 percent of the world's coal-based carbon emissions would apparently require an infrastructure as expensive as that of the entire global oil and gas industry. Hearing this reminded me of Tom Friedman's insistence that the world hasn't yet comprehended what it will mean to enact climate prevention strategies on a commercial scale.
Steve Rayner of Oxford advocated diffusion of carbon capture technology as a perfect way to bring
Steve Rayner also argued that while we work to prevent climate change by reducing carbon emissions, we must also get realistic about adapting to its consequences. Given our current failure to reduce global CO2 (or even slow the rate of emissions growth), it is highly probable that some alterations to the global climate will occur. These range from the spectacular - such as melting ice sheets, rising sea levels, and the inundation of coastal cities - to the less spectacular but no less insidious - such as accelerated depletion of freshwater in the American West and the spread of malaria to areas previously safe from the disease. Though it is difficult to judge the probability of these events, billions of (often very poor) people are at risk. The World Bank has recently become more active in helping countries prepare for climate disruptions, and their efforts are welcome.
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