Abstract
Emissions of carbon dioxide appears to have risen to levels that have negative effects on the climate. These levels will continue to rise, taking the world’s average temperature over the Kyoto 1997 agreed 1.5oC temperature. To date, only 20Mn tonnes of CO2 has been permanently sequestered. This is a research paper that is focused on assessing issues relating to CO2 sequestration through Carbon Capture and Storage (CCS) technologies and its impacts on managerial developments.An interpretive methodology was utilised in order to help understand the senior research management perceptions of leading research groups underpinning CCS developments and climate change implications. The scope for this research was CO2 sequestration leading research teams/groups articulated across the spectrum of major Western and Eastern countries. Consequently, the population of interest was made up of 17 leading global, climate change research group principal scientist/engineers as managers, located at multiple research sites within Europe, US and Asia, with a mandated research directive to assess/investigate climate change impacts of CO2 and other gas emissions for governments.The research outcomes consisted of Four (4) main themes: Emissions, Socio-Political Will/Government Strategy, Technical Development and Underground Strategies, Marketing and Costs; and Fifteen (15) sub-themes underpinned by 309 conversation targets. The paper addresses raised issues and determines outcomes and implications for managing the scope and application of CCS technologies. These indications are synthesised from major research actors in the field that show that socio-political strategies, economics and market development should be made clearer and a paradigm shift made to strengthen strategies to engage wider utilisation of CCS technologies.
Highlights
It has been well illustrated elsewhere that as the CO2 levels in the atmosphere rise, so does the atmosphere‟s capability of heating up (Kennedy, 2009)
The need to extract emissions from the atmosphere is directly linked to changing weather patterns associated with rising temperatures above those attributed to the Kyoto protocol (UNFCCC, 1997)
The data supports the notion that the lack of effective and efficient Carbon Capture and Storage (CCS) technologies coupled with its commercial immaturity appears to be related to the inadequate funding directed to climate change research projects (Sanchez et al, 2018; Gibbins & Chalmers, 2008)
Summary
It has been well illustrated elsewhere that as the CO2 levels in the atmosphere rise, so does the atmosphere‟s capability of heating up (Kennedy, 2009). In 2015 it was 400ppm (onlyzerocarbon.org, 2018; World Meteorological Organization, 2018), which corresponds to a calculated world atmospheric temperature mean of 1.1oC above that in 1750. It would appear that managing emissions alone will not be sufficient to prevent CO2 level increases (Alcalde et al, 2018). Moving the world towards sustainable development will require changes to attitudes and how countries participate in technology development relating to carbon management and capture (Maroto-Valer, 2010; Vatalis et al 2012) as it is considered a decisive strategy in the mitigation of emissions of CO2 (Leung, Caramanna, & Maroto-Valer, 2014). The need to extract emissions from the atmosphere is directly linked to changing weather patterns associated with rising temperatures above those attributed to the Kyoto protocol (UNFCCC, 1997)
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