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Should fossil fuel firms be forced to clean up carbon pollution?

Should fossil fuel firms be forced to clean up carbon pollution?

14 Sept 13:30 Key points summarised by AI
  • New research proposes extending 'extended producer responsibility' (EPR) to fossil fuel companies, compelling them to remove planet-heating carbon pollution from the atmosphere.
  • This strategy aims for 'geological net zero,' where for every tonne of CO2 emitted, one tonne is removed and permanently stored, making it a cost-effective decarbonisation solution.
  • Experts argue that while the fossil fuel industry possesses the capability for carbon removal, it currently lacks the business case or motivation, necessitating regulatory intervention.
  • The proposal suggests requiring extractors and importers to dispose of an increasing proportion of CO2, leveraging their profits to address the climate crisis and meet global warming targets.
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