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electronalytics · 9 months

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Carbon Capture and Sequestration (CCS) Market Insights Includes Dynamics Key Players, Demand, Products, and Application 2017 – 2032

Overview of the Carbon Capture and Sequestration (CCS) Market:

The carbon capture and sequestration (CCS) market involves technologies and processes aimed at capturing carbon dioxide (CO2) emissions from industrial and energy-related sources, transporting it, and securely storing it underground or utilizing it in other applications. CCS is a key strategy in mitigating greenhouse gas emissions and addressing climate change by reducing CO2 emissions from fossil fuel-based power plants, industrial facilities, and other high-emitting sources.

Global Carbon Capture and Sequestration Market is valued at USD 2.1 Billion in 2022 and is projected to reach a value of USD 7.49 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 19.9% over the forecast period 2023-2030.

Key Factors Driving the Carbon Capture and Sequestration (CCS) Market:

Climate Change Mitigation: CCS plays a crucial role in mitigating climate change by capturing and storing CO2 emissions from major industrial and energy-related sources. As governments, organizations, and industries commit to reducing greenhouse gas emissions, CCS offers a viable solution for decarbonizing high-emitting sectors.

Policy and Regulatory Support: Government policies and regulations that incentivize or mandate the reduction of CO2 emissions provide a significant driver for the CCS market. Financial support, tax incentives, carbon pricing mechanisms, and emissions reduction targets create a favorable environment for CCS deployment and investment.

Energy Transition and Fossil Fuel Use: CCS technology enables the continued use of fossil fuels while reducing their carbon footprint. As the world transitions to cleaner energy sources, CCS can play a vital role in mitigating emissions from fossil fuel power plants and industrial processes during the transition period.

Industrial Emissions Reduction: Industries such as cement production, steel manufacturing, and chemical processing contribute to a significant share of global CO2 emissions. CCS can help these industries reduce their emissions by capturing and storing CO2 generated during their production processes.

Enhanced Oil Recovery (EOR): CCS can be coupled with enhanced oil recovery techniques, where the captured CO2 is injected into oil reservoirs to extract additional oil. The revenue generated from EOR can provide economic incentives for implementing CCS projects.

Here's an overview of the demand and scope of the CCS market:

Demand:

Climate Change Mitigation: The primary driver of CCS demand is the urgent need to reduce carbon dioxide (CO2) emissions and limit global warming. CCS offers a way to capture CO2 emissions from industrial processes and power plants before they are released into the atmosphere.

Regulatory Pressures: Governments and international organizations are implementing stricter emissions reduction targets. CCS can help industries comply with these regulations and avoid penalties.

Emission-Intensive Sectors: Industries such as power generation, cement production, steel manufacturing, and oil and gas extraction are major sources of CO2 emissions. These sectors have a high demand for CCS technologies to lower their carbon footprint.

Transition to Clean Energy: As renewable energy sources like wind and solar power grow, CCS can complement these efforts by capturing emissions from intermittent renewable sources and providing a stable source of low-carbon energy.

Scope:

Carbon Capture Technologies: CCS involves capturing CO2 emissions from various sources such as power plants, industrial facilities, and even directly from the air. Different capture technologies, such as post-combustion capture, pre-combustion capture, and oxyfuel combustion, offer diverse solutions for different industries.

Transport and Storage: Once captured, the CO2 needs to be transported and stored safely. This involves building pipelines to transport CO2 to storage sites, often deep underground in geological formations like depleted oil and gas reservoirs or saline aquifers.

Enhanced Oil Recovery (EOR): Some CCS projects leverage the CO2 for enhanced oil recovery, a process where injected CO2 helps extract more oil from depleted wells while simultaneously storing the CO2 underground.

Policy and Incentives: Governments and organizations are providing financial incentives, subsidies, and grants to support CCS projects as part of their climate change mitigation strategies. The scope includes policy frameworks and regulatory mechanisms to encourage CCS adoption.

Research and Innovation: Ongoing research aims to improve the efficiency and affordability of CCS technologies. Innovations in materials, capture processes, and storage techniques expand the scope of CCS applications.

Global Cooperation: CCS requires international cooperation due to its potential for cross-border carbon transport and storage. Collaborative efforts between countries can enhance the effectiveness of CCS projects.

Public Perception and Education: Part of the scope involves raising awareness about CCS, addressing public concerns, and building public support for these technologies as a crucial tool in the fight against climate change.

We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.

By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.

“Remember to look for recent reports to ensure you have the most current and relevant information.”

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Market Segmentations:

Global Carbon Capture and Sequestration (CCS) Market: By Company

• Siemens

• Aker Solutions

• Fluor

• Mitsubishi Heavy Industries

• Halliburton

• Honeywell International

• Shell Global

• Maersk Oil

Global Carbon Capture and Sequestration (CCS) Market: By Type

• Carbon Capture

• Carbon Sequestration

Global Carbon Capture and Sequestration (CCS) Market: By Application

• Energy

• Industrial

• Agricultural

• Others

Global Carbon Capture and Sequestration (CCS) Market: Regional Analysis

The regional analysis of the global Carbon Capture and Sequestration (CCS) market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Carbon Capture and Sequestration (CCS) market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

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Reasons to Purchase Carbon Capture and Sequestration (CCS) Market Report:

• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.

• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.

• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.

• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.

• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.

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venusimleder · 10 months

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Caroline K, 1981.

#Caroline k #industrial music #nocturnal emissions #musik

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notwiselybuttoowell · 6 months

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Former officials in the UN’s farming wing have said they were censored, sabotaged, undermined and victimised for more than a decade after they wrote about the hugely damaging contribution of methane emissions from livestock to global heating.

Team members at the UN Food and Agriculture Organization (FAO) tasked with estimating cattle’s contribution to soaring temperatures said that pressure from farm-friendly funding states was felt throughout the FAO’s Rome headquarters and coincided with attempts by FAO leadership to muzzle their work.

The allegations date back to the years after 2006, when some of the officials who spoke exclusively to the Guardian on condition of anonymity wrote Livestock’s Long Shadow (LLS), a landmark report that pushed farm emissions on to the climate agenda for the first time. LLS included the first tally of the meat and dairy sector’s ecological cost, attributing 18% of global greenhouse gas emissions to livestock, mostly cattle. It shocked an industry that had long seen the FAO as a reliable ally – and spurred an internal clampdown by FAO hierarchy, according to the officials.

“The lobbyists obviously managed to influence things,” one ex-official said. “They had a strong impact on the way things were done at the FAO and there was a lot of censorship. It was always an uphill struggle getting the documents you produced past the office for corporate communications and one had to fend off a good deal of editorial vandalism.”

Serving and former FAO experts said that between 2006 and 2019, management made numerous attempts to suppress investigations into the cow/climate change connection. Top officials rewrote and diluted key passages in another report on the same topic, “buried” another paper critical of big agriculture, excluded critical officials from meetings and summits, and briefed against their work.

"There was substantial pressure internally and there were consequences for permanent staff who worked on this, in terms of their careers. It wasn’t really a healthy environment to work in,” said another ex-official.

Scientists also expressed concern about the way the FAO’s estimate of livestock’s overall contribution to emissions is continuing to fall. The 18% number that was published in 2006 was revised downwards to 14.5% in a follow-up paper, Tackling Climate Change Emissions in 2013. It is currently being assessed at about 11.2% based on a new “Gleam 3.0” model.

But many scientists plot farm emissions on a very different trajectory. One recent study concluded that greenhouse gas emissions from animal products made up 20% of the global total and a 2021 study found that the figure should be between 16.5% and 28.1%.

#agriculture #united nations #climate change #greenhouse gasses #methane emissions #animal agriculture #farming #industry #capitalism #greed

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postpunkindustrial · 2 years

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Caroline K of Nocturnal Emissions splicing magnetic tape in her studio in Carlton Mansions, Brixton, 1986

#caroline k #nocturnal emissions #industrial #experimental #electronic #noise #magnetic tape

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wachinyeya · 1 month

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#good news #environmentalism #science #industry #carbon emissions #reduce carbon footprint #environment #carbon dioxide #climate crisis #usa #climate change #steel #mac and cheese #ice cream

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indizombie · 1 year

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Tobacco already kills eight million people every year, and, irrespective of any impact of newer products like e-cigarettes, the huge global burden of tobacco mortality and morbidity can be expected to remain for decades to come. Tobacco growing, manufacturing, distribution, and use, all contribute to global warming through the emission of greenhouse gases. In fact, the tobacco product life cycle releases an estimated 80 million tonnes of carbon dioxide equivalent every single year. The tobacco industry’s emissions are larger than those for entire countries, including Denmark, Croatia and Afghanistan, and are comparable to emissions from the oil, fast fashion and meat industries.

‘Plastics, the Environment and the Tobacco Industry’, Tobacco Tactics

#Tobacco Tactics #Tobacco #e-cigarettes #tobacco mortality #tobacco morbidity #greenhouse gas emissions #global warming #tobacco industry #tobacco product life cycle

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feckcops · 1 year

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Hot air: five climate myths pushed by the US beef industry

“While fossil fuel consumption has done the most to put us on our dangerous path to climate catastrophe, a widely cited 2020 study in the journal Science argued that we can no longer avoid the worst of the climate crisis by cutting fossil fuels alone. Staying below the average global temperature rise of 2C – a threshold that scientists say will lead to systems collapse, mass extinctions, fatal heat waves, drought and famine, water shortages and flooded cities – will require ‘rapid and ambitious’ changes to food systems.

“The single most impactful food-related change we can make, according to their findings, is not increasing yields, ramping up agricultural efficiency or cutting food waste, though those approaches all would help. It’s adopting a plant-rich diet.

“While building out energy infrastructure can take years, changing our diet is something we can work toward today.”

#meat industry #beef industry #beef #diet #meat #western diets #plant-based #vegan #vegetarian #overconsumption #emissions #greenhouse gases #climate crisis #climate breakdown #climate change #climate #ecological crisis #usa #the west

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kp777 · 1 month

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#oil and gas industry #climate crisis #corporate greed #carbon emissions

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yourfavealbumisgender · 1 month

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Transearth by Nocturnal Emissions is Transgender!

requested by @rottingspiders

#request #album #transearth #transgender #trans #nocturnal emissions #industrial #experimental #dark ambient #ambient #1993

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tittyinfinity · 6 months

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It's 80 fucking degrees outside (26.6C) on October 25th. I'm sweating in my room with my windows open. I'm fucking losing it

#we already know how big of a polluter the military industrial complex is #and on top of all the atrocities being brought upon Palestinians rn #all these bombs and chemicals and everything else are gonna put out so much more emissions #and i have a feeling next year is gonna be much worse #.bdo

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nando161mando · 4 months

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Activists Call for Process ‘Overhaul’ After Oil Industry Veteran Confirmed to Lead COP29.

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reasonsforhope · 1 year

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“Tata Chemicals Europe today opened the UK’s first industrial scale carbon capture and usage plant today, signaling a key milestone in the race to meet the UK’s, and the world’s, net zero targets.

The plant captures 40,000 metric tons of carbon dioxide each year—the equivalent to taking over 20,000 cars off the roads, and ten-times more than what GNN reported to be the world’s largest carbon capture factory just 10 months [earlier, in late 2021].

The $24 million (£20 million) investment has been completed by UK-based Tata Chemicals Europe, one of Europe’s leading producers of sodium carbonate, salt and baking soda, and they expect it to lower their carbon emissions by more than 10%.

The project will help unlock the future of carbon capture as it demonstrates the viability of the technology to remove carbon dioxide from power plant emissions and to use it in high end manufacturing applications.

The party trick is that in a world first, carbon dioxide captured from energy generation emissions is being purified to food and pharmaceutical grade and used as a raw material in the manufacture of sodium bicarbonate (baking soda) which will be known as Ecokarb®. This unique and innovative process is patented in the UK with further patents pending in key territories around the world.

Ecokarb® will be exported to over 60 countries around the world. Much of the sodium bicarbonate exported will be used in hemodialysis to treat people living with kidney disease.

It will also be used to essential items like glass, washing detergents, pharmaceutical products, food, animal feed and in water purification.

The carbon capture plant, which was supported with a £4.2m grant through the UK Department of Business, Energy and Industrial Strategy’s (“BEIS”) Energy Innovation Program, marks a major step towards sustainable manufacturing which will see Tata make net zero sodium bicarbonate and one of the lowest carbon footprint sodium carbonate products in the world.” -via Good News Network, 7/8/22

#carbon capture #carbon emissions #decarbonization #sodium #baking soda #industrial #kidney disease #good news #hope #ripppp to their company name tho #tata chemicals well they certainly succeeded in making themselves memorable #I assume it doesn't mean that in british #united kingdom #britain

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jcmarchi · 12 days

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Q&A: Claire Walsh on how J-PAL’s King Climate Action Initiative tackles the twin climate and poverty crises

New Post has been published on https://thedigitalinsider.com/qa-claire-walsh-on-how-j-pals-king-climate-action-initiative-tackles-the-twin-climate-and-poverty-crises/

Q&A: Claire Walsh on how J-PAL’s King Climate Action Initiative tackles the twin climate and poverty crises

The King Climate Action Initiative (K-CAI) is the flagship climate change program of the Abdul Latif Jameel Poverty Action Lab (J-PAL), which innovates, tests, and scales solutions at the nexus of climate change and poverty alleviation, together with policy partners worldwide.

Claire Walsh is the associate director of policy at J-PAL Global at MIT. She is also the project director of K-CAI. Here, Walsh talks about the work of K-CAI since its launch in 2020, and describes the ways its projects are making a difference. This is part of an ongoing series exploring how the MIT School of Humanities, Arts, and Social Sciences is addressing the climate crisis.

Q: According to the King Climate Action Initiative (K-CAI), any attempt to address poverty effectively must also simultaneously address climate change. Why is that?

A: Climate change will disproportionately harm people in poverty, particularly in low- and middle-income countries, because they tend to live in places that are more exposed to climate risk. These are nations in sub-Saharan Africa and South and Southeast Asia where low-income communities rely heavily on agriculture for their livelihoods, so extreme weather — heat, droughts, and flooding — can be devastating for people’s jobs and food security. In fact, the World Bank estimates that up to 130 million more people may be pushed into poverty by climate change by 2030.

This is unjust because these countries have historically emitted the least; their people didn’t cause the climate crisis. At the same time, they are trying to improve their economies and improve people’s welfare, so their energy demands are increasing, and they are emitting more. But they don’t have the same resources as wealthy nations for mitigation or adaptation, and many developing countries understandably don’t feel eager to put solving a problem they didn’t create at the top of their priority list. This makes finding paths forward to cutting emissions on a global scale politically challenging.

For these reasons, the problems of enhancing the well-being of people experiencing poverty, addressing inequality, and reducing pollution and greenhouse gases are inextricably linked.

Q: So how does K-CAI tackle this hybrid challenge?

A: Our initiative is pretty unique. We are a competitive, policy-based research and development fund that focuses on innovating, testing, and scaling solutions. We support researchers from MIT and other universities, and their collaborators, who are actually implementing programs, whether NGOs [nongovernmental organizations], government, or the private sector. We fund pilots of small-scale ideas in a real-world setting to determine if they hold promise, followed by larger randomized, controlled trials of promising solutions in climate change mitigation, adaptation, pollution reduction, and energy access. Our goal is to determine, through rigorous research, if these solutions are actually working — for example, in cutting emissions or protecting forests or helping vulnerable communities adapt to climate change. And finally, we offer path-to-scale grants which enable governments and NGOs to expand access to programs that have been tested and have strong evidence of impact.

We think this model is really powerful. Since we launched in 2020, we have built a portfolio of over 30 randomized evaluations and 13 scaling projects in more than 35 countries. And to date, these projects have informed the scale ups of evidence-based climate policies that have reached over 15 million people.

Q: It seems like K-CAI is advancing a kind of policy science, demanding proof of a program’s capacity to deliver results at each stage.

A: This is one of the factors that drew me to J-PAL back in 2012. I majored in anthropology and studied abroad in Uganda. From those experiences I became very passionate about pursuing a career focused on poverty reduction. To me, it is unfair that in a world full of so much wealth and so much opportunity there exists so much extreme poverty. I wanted to dedicate my career to that, but I’m also a very detail-oriented nerd who really cares about whether a program that claims to be doing something for people is accomplishing what it claims.

It’s been really rewarding to see demand from governments and NGOs for evidence-informed policymaking grow over my 12 years at J-PAL. This policy science approach holds exciting promise to help transform public policy and climate policy in the coming decades.

Q: Can you point to K-CAI-funded projects that meet this high bar and are now making a significant impact?

A: Several examples jump to mind. In the state of Gujarat, India, pollution regulators are trying to cut particulate matter air pollution, which is devastating to human health. The region is home to many major industries whose emissions negatively affect most of the state’s 70 million residents.

We partnered with state pollution regulators — kind of a regional EPA [Environmental Protection Agency] — to test an emissions trading scheme that is used widely in the U.S. and Europe but not in low- and middle-income countries. The government monitors pollution levels using technology installed at factories that sends data in real time, so the regulator knows exactly what their emissions look like. The regulator sets a cap on the overall level of pollution, allocates permits to pollute, and industries can trade emissions permits.

In 2019, researchers in the J-PAL network conducted the world’s first randomized, controlled trial of this emissions trading scheme and found that it cut pollution by 20 to 30 percent — a surprising reduction. It also reduced firms’ costs, on average, because the costs of compliance went down. The state government was eager to scale up the pilot, and in the past two years, two other cities, including Ahmedabad, the biggest city in the state, have adopted the concept.

We are also supporting a project in Niger, whose economy is hugely dependent on rain-fed agriculture but with climate change is experiencing rapid desertification. Researchers in the J-PAL network have been testing training farmers in a simple, inexpensive rainwater harvesting technique, where farmers dig a half-moon-shaped hole called a demi-lune right before the rainy season. This demi-lune feeds crops that are grown directly on top of it, and helps return land that resembled flat desert to arable production.

Researchers found that training farmers in this simple technology increased adoption from 4 percent to 94 percent and that demi-lunes increased agricultural output and revenue for farmers from the first year. K-CAI is funding a path-to-scale grant so local implementers can teach this technique to over 8,000 farmers and build a more cost-effective program model. If this takes hold, the team will work with local partners to scale the training to other relevant regions of the country and potentially other countries in the Sahel.

One final example that we are really proud of, because we first funded it as a pilot and now it’s in the path to scale phase: We supported a team of researchers working with partners in Bangladesh trying to reduce carbon emissions and other pollution from brick manufacturing, an industry that generates 17 percent of the country’s carbon emissions. The scale of manufacturing is so great that at some times of year, Dhaka (the capital of Bangladesh) looks like Mordor.

Workers form these bricks and stack hundreds of thousands of them, which they then fire by burning coal. A team of local researchers and collaborators from our J-PAL network found that you can reduce the amount of coal needed for the kilns by making some low-cost changes to the manufacturing process, including stacking the bricks in a way that increases airflow in the kiln and feeding the coal fires more frequently in smaller rather than larger batches.

In the randomized, controlled trial K-CAI supported, researchers found that this cut carbon and pollution emissions significantly, and now the government has invited the team to train 1,000 brick manufacturers in Dhaka in these techniques.

Q: These are all fascinating and powerful instances of implementing ideas that address a range of problems in different parts of the world. But can K-CAI go big enough and fast enough to take a real bite out of the twin poverty and climate crisis?

A: We’re not trying to find silver bullets. We are trying to build a large playbook of real solutions that work to solve specific problems in specific contexts. As you build those up in the hundreds, you have a deep bench of effective approaches to solve problems that can add up in a meaningful way. And because J-PAL works with governments and NGOs that have the capacity to take the research into action, since 2003, over 600 million people around the world have been reached by policies and programs that are informed by evidence that J-PAL-affiliated researchers produced. While global challenges seem daunting, J-PAL has shown that in 20 years we can achieve a great deal, and there is huge potential for future impact.

But unfortunately, globally, there is an underinvestment in policy innovation to combat climate change that may generate quicker, lower-cost returns at a large scale — especially in policies that determine which technologies get adopted or commercialized. For example, a lot of the huge fall in prices of renewable energy was enabled by early European government investments in solar and wind, and then continuing support for innovation in renewable energy.

That’s why I think social sciences have so much to offer in the fight against climate change and poverty; we are working where technology meets policy and where technology meets real people, which often determines their success or failure. The world should be investing in policy, economic, and social innovation just as much as it is investing in technological innovation.

Q: Do you need to be an optimist in your job?

A: I am half-optimist, half-pragmatist. I have no control over the climate change outcome for the world. And regardless of whether we can successfully avoid most of the potential damages of climate change, when I look back, I’m going to ask myself, “Did I fight or not?” The only choice I have is whether or not I fought, and I want to be a fighter.

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