When it comes to the debate about the planet's rising greenhouse gas emissions, fossil fuels are right in the middle of the arguments.
According to the Intergovernmental Panel on Climate Change, carbon dioxide emissions from, "fossil fuel combustion and industrial processes," contributed roughly 78 percent of the planet's total greenhouse gas emissions increase between 1970 and 2010.
With our hunger for fossil fuels showing no real signs of abating, one potential solution to reducing CO2 emissions is carbon capture and storage, a term used to describe technology and processes that enable what the International Energy Agency (IEA) describes as, "the capture of CO2 from fuel combustion or industrial processes, the transport of CO2 via ships or pipelines, and its storage underground, in depleted oil and gas fields and deep saline formations."
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If carbon dioxide can be captured and stored safely instead of being released into the atmosphere, then we could, in theory, use fossil fuels 'guilt free'. The technology is still new, however, and relatively unproven.
What though, if we could actually use the carbon dioxide instead of burying it? Austin, Texas, based Skyonic think they have found the answer. The company states that its technology is able to, "transform greenhouse gases (GHG) into carbon-negative products."