Read the full story from Bloomberg News.
Flip to the glossary of any climate report and it will look like a cat ran over a keyboard.
That’s particularly true when it comes to talking about carbon capture. The acronyms — DAC, MRV and EOR, to name just a few — are head-spinning. Throw in phrases like “enhanced rock weathering” and “carbon sink” and it’s enough to make you want to throw the report into a lake.
But given the role carbon capture will likely need to play in the coming decades if the world is to limit global warming — and its prominence at COP28 climate talks — that’s not advisable. Bloomberg Green is offering a cheat sheet to resist that urge and help demystify a market that could be worth as much as $1 trillion by the end of the 2040s, according to BloombergNEF.
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