Huffington Magazine Issue 66 | Page 56

CARLA GOTTGENS/BLOOMBERG VIA GETTY IMAGES Inside the offices of MIT’s Energy Initiative, a campus-wide program with the ambitious goal of helping to “transform the global energy system,” Howard J. Herzog, a senior research engineer, pulled out a fresh yellow legal pad and began sketching a line graph. He was responding to a straightforward question: In a world so addicted to fossil fuels, and yet so threatened by the planetwarming carbon dioxide they produce, why has one seemingly elegant and elementary solution — blocking that CO₂ from entering the atmosphere in the first place — proved so elusive? It’s a question Herzog has grappled with for some 25 years. The essential know-how for collecting carbon dioxide out of industrial exhaust streams dates back at least to the 1930s, after all. Yet, despite billions in government subsidies and a widely held view among many energy experts that climate change can’t truly be addressed without it, carbon cap- ture and storage technology, or CCS as it is known, has struggled mightily to get off the ground. Herzog, who has headed MIT’s Carbon Capture and Sequestration Technologies Program since 1989, says that’s a policy failure, not a technological one. On his legal pad, he draws a vertical axis, which he says represents the cost of emitting carbon dioxide into the air. Extending along his horizontal axis are increasing volumes of the gas that might be captured instead. As he drags his pencil on a curve upward and outward from the axes’ origin, the plight of carbon capture and storage — and really, the plight of any clean-energy innovation — is laid bare: The more CO₂ you want to capture, Herzog explains, the higher the market price of emitting the gas has to be. “At the moment,” Herzog says, “the cost of emitting carbon, for all practical purposes, is zero.” The economic implications of that are straightforward: Government subsidies and other small-bore in-