The world faces many challenges in the green transition in the field of energy, especially in light of the climate change crisis that is increasing every day, but there is another important challenge which is the high price technology for decarbonization and works to to provide necessary financing in this regard, this file which will force itself strongly during The Conference of the Parties to the United Nations Convention on Climate Change (COP 27) which will be held next November in Sharm El-Sheikh, and one day will during the conference assigned to “decarbonise” the operations of the petroleum sector.
The Middle East News Agency, in a report, today, Saturday, reviews the technologies for decarbonization and their costs, and how and when these technologies will be transferred to developing countries.
In turn, Dr. Samir Tantawy, climate change consultant, member of the Intergovernmental Panel on Climate Change (IPCC) and director of the Fourth National Reporting Project of the United Nations Development Program (UNDP), said in statements to the agency that with regard to the technologies available for the decarbonization process, to so far, it is not possible to hunt, store or separate any greenhouse gas except carbon dioxide, and these technologies are very expensive, and there are two types, the first is carbon dioxide capture and storage in rocky geological formations, and the other is carbon dioxide capture and storage in the sea and ocean layers with salt water at certain depths so that it is not allowed to leak again due to water pressure, but the reports and studies of the International Panel on Climate Change indicated that the storage of carbon dioxide under salt water layers is not environmentally feasible is not, while the storage there of in geological formations is environmentally or economically feasible.
Tantawi added that this technology is still new technology at the moment, therefore it is expensive and not available in the developing world and is imported, which is a very controversial issue in the negotiation process between developing countries and industrialized countries, so the focus will be in “COP 27” on work To formulate a working document that explains technologies, studies and the costs of these technologies, as well as to attract investments in the areas of decarbonization through the use of cheap technologies that can be financed by banks become , so that they are economically feasible.
On how to transfer technology to developing countries, Dr. Samir Tantawi indicated that this issue is what the negotiations will focus on and how technology with its knowledge secrets and intellectual property rights will be transferred. and development on which her private sector has spent a lot of money.
He pointed out that governments in Western countries cannot push the private sector as the owner of these technologies, and developing countries demand that these technologies be provided to them with their knowledge secrets and intellectual property rights so that they can use these technologies in the process of greenhouse gas emissions to reduce.
He explained that the issue of marketing modern technologies is viewed from a purely marketing perspective by Western countries, that these technologies are owned by the private sector, which must recoup the money spent on research and development and make profits. It does not cause this problem.
On the removal of carbon and its role in solving the problem of climate change, Dr. Samir Tantawi emphasizes that if carbon is removed, the phenomenon of wild climate changes due to increased concentrations of greenhouse gases will not occur, and notes that if carbon is removed, the severity of severe weather phenomena such as extreme heat, cold and rain will decrease Severe floods, waves of desertification and all these negative consequences Decarbonisation and access to a carbon-neutral economy can lead to the solution of the problem of climate change and the achievement of what was agreed in the Paris climate agreement, not to increase the temperature of the atmosphere to 1 .5 degrees Celsius, which requires a significant reduction in emissions.
It is mentioned that the scientific definition of decarbonisation is the removal of carbon by natural methods from the atmosphere by chemical, physical or biological processes, and that the wider spread during the recent period includes carbon sequestration by industrial or human processes.
One of the best-known methods of carbon sequestration is carbon dioxide capture and storage in various fields, the most famous of which are fossil fuel-powered power stations. The stations are enhanced with carbon dioxide capture technology so that the amount of carbon dioxide resulting from the combustion of the fuel for the operation of the station is not released into the atmosphere. But it is hunted and then stored in geological formations with certain specifications and often exhausted oil wells until the rocks are not porous, thus ensuring that carbon dioxide stored in these geological formations does not leak out no. Carbon removal is the process of reducing carbon dioxide emissions for a specific activity and this leads to The so-called decarbonised economy.