Virgin
founder Sir Richard Branson together with former US vice-president Al Gore launched
(February 2007) a reward for scientists to find a way
of extracting greenhouse
gases from the atmosphere.
The so-called Earth Challenge Prize rewards are
valued at $25 million in total.A 2006 study, led by James Hansen of NASA's Goddard
Institute for
Space Studies, N.Y. who is a member of the new Branson/Gore
reward committee, along with scientists from other organizations concludes that,
because of a rapid warming trend over the past 30 years, the Earth is now
reaching and passing through the warmest levels in the current interglacial period,
which has lasted nearly 12,000 years.
Sir Richard's wife Joan
had come up with the idea of the prize after he mentioned that Gaia Theory inventor
James Lovelock had suggested
the world may already have crossed a "tipping
point". He said "My wife Joan is a down-to-earth, practical Glaswegian.
When I told her that
Lovelock believed we may already be doomed, she responded
by saying
'There are a lot of brilliant minds out there. Surely one of them
would be able to come up with a solution'."
Overseeing the innovations
are James Hansen, the noted climate scientist and head of the Nasa Institute for
Space Studies, the inventor of Gaia
theory James Lovelock, UK environmentalist
Sir Crispin Tickell and Australian mammologist and palaeontologist Tim Flannery.
Al Gore, joins the Virgin boss saying: "It's a challenge to the moral
imagination of humankind to actually accept the reality of the situation we
are now facing. We're not used to thinking of a planetary emergency, and there's
nothing in our prior history as a species that equips us to imagine
that we,
as human beings, could actually be in the process of destroying the habitability
of the planet for ourselves."
His recent film, An Inconvenient Truth,
focused on global warming. Carbon capture and storage is already a key area of
research.
Source: World Institute
The World Coal Institute says that
carbon capture and storage (CCS) technologies allow emissions of carbon dioxide
to be 'captured' and
'stored' preventing them from entering the atmosphere.
CCS presents one of the most promising options for large-scale reductions in CO2
emissions
from energy use.
CO2 capture is possible from fossil fuel
power stations or from other large CO2 sources, such as the chemical, steel or
cement industries or
from natural gas production. CO2 can be stored in geological
formations such as saline aquifers or expired oil and gas reservoirs.
The
technologies for geological CCS are all proven and there are a number of large-scale
CCS projects in operation today. Current projects include
Sleipner in Norway,
Weyburn in Canada and In Salah in Algeria.
Further projects are under development
around the world, the largest of which is Gorgon in Australia, a joint initiative
between ChevronTexaco,
Shell and ExxonMobil. The Gorgon Project will store
around 2-3 Mt of CO2 per year and plans to be operational by 2010.
Primary
sourec - Finfacts.com
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