The Process to Reduce and Eliminate CO2
A series of technologies known as "carbon capture, usage, and storage," or "CCUS," allow for the reduction or elimination of CO2 emissions from major point sources, such as power plants, refineries, and other industrial locations.
The CCUS process consists of three steps: CO2 is delivered, stored, or utilised. It is compressed into a liquid state, transported, and injected into deep geological formations to be permanently stored in depleted oil and gas reserves, coal beds, or deep salt aquifers.
Captured CO2 is commonly used as an ingredient in industrial products and services including plastic and cement. It can also be partially saved and then partially used once more.
"Net Zero by 2050" states. According to the IEA's forecasts in "A Roadmap for the Global Energy Sector," 95% of all CO2 absorbed in 2050 will be permanently stored in the earth's crust and 5% will be used to create synthetic fuels.
Companies in the industry have already made the switch from private to public marketplaces. LanzaTech Global LNZA, which debuted on the Nasdaq in the middle of February 2023, is in the same situation. It was founded in 2005 and uses waste carbon to create sustainable energy, apparel, packaging, and other items.
Another one of these is Origin Materials ORGN, which went public in February 2023. It produces materials with a negative carbon footprint. By transforming the carbon in biomass into useful goods, the platform removes the need for fossil fuels and absorbs carbon from the atmosphere.
There is also the L&G Clean Energy ETF RENW, which replicates a global index of clean energy stocks active at various points along the value chain.