A Climate in Crisis Calls for Investment in Direct Air Capture

The authors find that if an emergency direct air capture program were to commence in 2025 and receive investment of 1.2–1.9% of global GDP annually it would remove 2.2–2.3 gigatons of CO2 by the year 2050 and 13–20 gigatons of CO₂ by 2075. Cumulatively, the program would remove 570–840 gigatons of CO2 from 2025–2100, which falls within the range of CO2 removals that IPCC scenarios suggest will be needed to meet Paris targets.

Even with such a massive program, the globe would see temperature rise of 2.4–2.5ºC in the year 2100 without further cuts in global emissions below current trajectories.

Exploring the Reality of a Fleet of CO2 Scrubbers in the Sky
According to the authors, DAC has attributes that could prove attractive to policymakers if political pressures continue to mount to act on climate change, yet cutting emissions remains insurmountable.

“Policymakers might see value in the installation of a fleet of CO2 scrubbers: deployments would be highly controllable by the governments and firms that invest in them, their carbon removals are verifiable, and they do not threaten the economic competitiveness of existing industries,” said Hanna. 

From the Civil War to Operation Warp Speed, the authors estimate the financial resources that might be available for emergency deployment of direct air capture—in excess of one trillion dollars per year—based on previous spending the U.S. has made in times of crisis.

The authors then built a bottom-up deployment model that constructs, operates and retires successive vintages of DAC scrubbers, given available funds and the rates at which direct air capture technologies might improve with time. They link the technological and economic modeling to climate models that calculate the effects of these deployments on atmospheric CO2 concentration level and global mean surface temperature.

With massive financial resources committed to DAC, the study finds that the ability of the DAC industry to scale up is the main factor limiting CO2 removal from the atmosphere. The authors point to the ongoing pandemic as an analog: even though the FDA has authorized use of coronavirus vaccines, there is still a huge logistical challenge to scaling up production, transporting, and distributing the new therapies quickly and efficiently to vast segments of the public.

Conventional Mitigation is Still Needed, Even with Wartime Spending Combating Climate Cchange
“Crisis deployment of direct air capture, even at the extreme of what is technically feasible, is not a substitute for conventional mitigation,” the authors write.

Nevertheless, they note that the long-term vision for combatting climate requires taking negative emissions seriously.

“For policymakers, one implication of this finding is the high value of near-term direct air capture deployments—even if societies today are not yet treating climate change as a crisis—because near term deployments enhance future scalability,” they write.  “Rather than avoiding direct air capture deployments because of high near-term costs, the right policy approach is the opposite.”

Additionally, they note that such a large program would grow a new economic sector, producing a substantial number of new jobs.

The authors conclude it is time to extend research on direct air capture systems to real-world conditions and constraints that accompany deployment—especially in the context of acute political pressures that will arise as climate change becomes viewed as a crisis.