Negative CO2 emissions are possible with new Aussie technology

Southern Green Gas Ltd (SGG) and Swiss Re, 1 of the world's starring providers of reinsurance, security and different forms of risk-based transfer, person agreed to collaborate connected Carbon Removals initiatives successful Australia involving Direct Air Capture of CO₂ (DAC).

The collaboration comes arsenic SGG advances the improvement of its satellite starring exertion for star powered DAC modules.

The modules utilize metallic integrated model nano-materials to preferentially adsorb CO₂ from the air, arsenic good arsenic incorporating design-for-manufacture that facilitates debased outgo precocious measurement manufacture successful Australia.

Because the DAC exertion is afloat star powered and removes CO₂ from the air, it is delivering antagonistic emissions, indispensable to achieving Net Zero emissions.

SGG has acceptable a medium-term outgo people of $100 per ton of CO₂, astatine which constituent the modules should underpin improvement of large c removal projects wrong Australia.

SGG and Swiss Re volition collaborate connected Carbon Removals successful the pursuing areas:

• Building consciousness amongst cardinal stakeholders successful Australia of the accidental for Carbon Removals
• Educating planetary stakeholders connected Australia's satellite starring imaginable for Carbon Removals
• Facilitating entree to backing for objection projects
• Creating consortia of task investors and off-take customers to marque projects bankable

Head of Swiss Re Australia & New Zealand, Sharon Ooi, said the organization's collaboration with SGG aligns with its planetary committedness connected sustainability and net-zero.

"The c removal marketplace creates a caller ecosystem of stakeholders and needs—and with that comes opportunities to physique expertise and commercialize this caller hazard pool," said Ooi.

Swiss Re advocates for emissions simplification first, past removal.

"There volition ever beryllium emissions from bushfires, hard-to-abate sectors and historical residual emissions, truthful c removal needs to beryllium portion of our readying to trim contiguous time emissions and the c built up successful the atmosphere," said Mark Senkevics, Head of Property & Casualty Underwriting, Asia, Australia & New Zealand astatine Swiss Re.

"Nature-based solutions are accessible and acceptable to usage but volition not bash the occupation alone, truthful we indispensable thrust a balanced premix of earthy and tech solutions to execute and prolong the 1.5°C target."

A caller Swiss Re Institute study highlights that achieving net-zero emissions involves gathering a carbon removal manufacture susceptible of delivering negative emissions astatine the velocity (within 3 decades) and standard (10–20 cardinal tons per year) that clime subject says volition beryllium required to alteration sustainable surviving for aboriginal generations.

SGG Managing Director Mr Rohan Gillespie said "Australia is good placed to marque a important publication to this large Carbon Removal task. Numerous studies person identified some onshore and offshore basins with the imaginable capableness to permanently store hundreds of billions of tons of CO₂. We are excited by this collaboration with Swiss Re, 1 of the world's foremost leaders successful advocating for and assisting successful the emergence of Carbon Removal arsenic a caller manufacture to tackle clime change."

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Provided by Southern Green Gas