There are only two ways of making the global fossil fuel industry compliant with net zero carbon dioxide emissions. We could shut it down, or we could require it to dispose of all the carbon dioxide generated by its activities and products safely, meaning no further net dumping into the atmosphere.
The first option, even if practicable, raises ethical challenges: if we wind down the fossil fuel industry over the next 40 years and then discover we need to go further and scrub carbon dioxide back out of the atmosphere, who will pay for that scrubbing?
A safer and fairer approach would be to require the industry to dispose of a fraction of the carbon dioxide generated by its activities and products, progressively increasing to reach 100%, or net zero emissions, by a target date such as 2050.
A variety of options have been proposed, but to offset the burning of fossil carbon (an effectively permanent, irreversible activity), disposal must also be essentially permanent, for which the only scalable option at present is geological sequestration.
Join Myles to hear about where we are with carbon sequestering technology and what needs to happen for this to be implemented, at scale.