WEBVTT 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-0 00:00:00.740 --> 00:00:04.491 Rob Curran, thanks very much for joining us. Robin, I wanted to 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-1 00:00:04.491 --> 00:00:08.068 start just by asking you a bit about carbon capture. I mean, 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-2 00:00:08.068 --> 00:00:11.878 talk us through the development of that sector and where it's at 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-3 00:00:11.878 --> 00:00:15.454 now. Sure, I'd be happy to do that. So carbon capture is the 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-4 00:00:15.454 --> 00:00:18.737 first step in a in a broader term called carbon capture 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-5 00:00:18.737 --> 00:00:22.372 utilisation and storage as also has some connection to direct 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-6 00:00:22.372 --> 00:00:25.948 air capture. The entire space has developed greatly over the 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-7 00:00:25.948 --> 00:00:29.583 last 10 to 15 years. We're now we're actually seeing a lot of 6660f3a4-dc1a-4d22-a2f7-f97c91aff625-8 00:00:29.583 --> 00:00:30.989 projects being deployed. db271214-287f-417a-bd67-2ef1adbc9d61-0 00:00:31.360 --> 00:00:34.904 Much of that has been driven by policy and a lot of capital. And db271214-287f-417a-bd67-2ef1adbc9d61-1 00:00:34.904 --> 00:00:38.012 of course, innovators like myself that have been able to db271214-287f-417a-bd67-2ef1adbc9d61-2 00:00:38.012 --> 00:00:40.684 bring these kinds of technologies out of the lab db271214-287f-417a-bd67-2ef1adbc9d61-3 00:00:40.684 --> 00:00:44.119 through that pilot phase and are now starting to scale at very db271214-287f-417a-bd67-2ef1adbc9d61-4 00:00:44.119 --> 00:00:46.900 meaningful sizes that are actually having real CO2 db271214-287f-417a-bd67-2ef1adbc9d61-5 00:00:46.900 --> 00:00:49.789 impacts. And you're sort of managing to hit what had db271214-287f-417a-bd67-2ef1adbc9d61-6 00:00:49.789 --> 00:00:53.116 previously been quite sort of hard to abate sectors. Tell us db271214-287f-417a-bd67-2ef1adbc9d61-7 00:00:53.116 --> 00:00:56.333 about that. So carbon cure, which I'm the CEO and founder, db271214-287f-417a-bd67-2ef1adbc9d61-8 00:00:56.333 --> 00:00:59.768 works in the cement sector. And cement is what's called a hard db271214-287f-417a-bd67-2ef1adbc9d61-9 00:00:59.768 --> 00:01:02.440 to abate sector. It accounts for about 7% of the 29cbcb03-c75d-474a-a623-1d582ace69a2-0 00:01:02.530 --> 00:01:05.984 Childs greenhouse gas emissions. And it's not just the size 29cbcb03-c75d-474a-a623-1d582ace69a2-1 00:01:05.984 --> 00:01:09.208 that's that's the issue here, but it's a very difficult 29cbcb03-c75d-474a-a623-1d582ace69a2-2 00:01:09.208 --> 00:01:12.836 industry because most of those emissions are not attributed to 29cbcb03-c75d-474a-a623-1d582ace69a2-3 00:01:12.836 --> 00:01:16.290 energy use. So the burning of fossil fuels, that's actually 29cbcb03-c75d-474a-a623-1d582ace69a2-4 00:01:16.290 --> 00:01:19.803 the chemical process. So it's really tricky because you need 29cbcb03-c75d-474a-a623-1d582ace69a2-5 00:01:19.803 --> 00:01:23.257 to develop entirely different toolkits of climate solutions 29cbcb03-c75d-474a-a623-1d582ace69a2-6 00:01:23.257 --> 00:01:26.769 that may not be as useful in other industries like utilities 29cbcb03-c75d-474a-a623-1d582ace69a2-7 00:01:26.769 --> 00:01:30.051 or like the power sector. So what carbon cure does is we 29cbcb03-c75d-474a-a623-1d582ace69a2-8 00:01:30.051 --> 00:01:33.621 actually take CO2, which is the problem in the 1st place, and 29cbcb03-c75d-474a-a623-1d582ace69a2-9 00:01:33.621 --> 00:01:34.370 reinject that cc673810-88de-4d66-b7c0-2bb32002ee56-0 00:01:34.450 --> 00:01:38.149 back into concrete as it's being made. A chemical reaction occurs cc673810-88de-4d66-b7c0-2bb32002ee56-1 00:01:38.149 --> 00:01:41.625 where that CO2 which was once released into the atmosphere is cc673810-88de-4d66-b7c0-2bb32002ee56-2 00:01:41.625 --> 00:01:45.100 now stored and locked away as a stone within concrete. And it cc673810-88de-4d66-b7c0-2bb32002ee56-3 00:01:45.100 --> 00:01:48.071 actually makes the concrete stronger, which provides cc673810-88de-4d66-b7c0-2bb32002ee56-4 00:01:48.071 --> 00:01:51.491 concrete producers the ability to lower their cost and still cc673810-88de-4d66-b7c0-2bb32002ee56-5 00:01:51.491 --> 00:01:54.854 deliver a green product in the market. We're at a point now cc673810-88de-4d66-b7c0-2bb32002ee56-6 00:01:54.854 --> 00:01:58.386 where we're scaling all around the world, but we just can't go cc673810-88de-4d66-b7c0-2bb32002ee56-7 00:01:58.386 --> 00:02:01.525 fast enough for the pace of climate change. I mean, but cc673810-88de-4d66-b7c0-2bb32002ee56-8 00:02:01.525 --> 00:02:04.889 that's a remarkable innovation, Karen. That's one brilliant cc673810-88de-4d66-b7c0-2bb32002ee56-9 00:02:04.889 --> 00:02:05.730 solution to the 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-0 00:02:05.820 --> 00:02:09.164 the huge spectrum of problems that we're facing. Clearly we 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-1 00:02:09.164 --> 00:02:12.620 need more talk us through sort of just the the plethora of of 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-2 00:02:12.620 --> 00:02:15.965 problems that we we need to be addressing. Yeah, one of the 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-3 00:02:15.965 --> 00:02:19.533 biggest challenges is this this costs money and today you don't 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-4 00:02:19.533 --> 00:02:22.989 pay for emissions, right? You just admit into the environment 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-5 00:02:22.989 --> 00:02:26.612 and society bears that cost. But we're trying to move to a world 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-6 00:02:26.612 --> 00:02:29.901 where we address all of those and in order to fund it, you 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-7 00:02:29.901 --> 00:02:33.525 need to come up with innovative ways. One of the exciting things 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-8 00:02:33.525 --> 00:02:36.814 about what carbon cure does is they actually find a way to 6eeffda7-49f5-45ac-b9f4-7f2dbe32ecdc-9 00:02:36.814 --> 00:02:37.260 usefully cda5a321-b081-49d3-a8ae-b968b3f7e350-0 00:02:37.330 --> 00:02:40.985 use the CO2, which can actually help bring down costs, make cda5a321-b081-49d3-a8ae-b968b3f7e350-1 00:02:40.985 --> 00:02:45.006 cement stronger. Yeah, this is a win win. Exactly. There are many cda5a321-b081-49d3-a8ae-b968b3f7e350-2 00:02:45.006 --> 00:02:48.662 other solutions that that are necessary. The most common is cda5a321-b081-49d3-a8ae-b968b3f7e350-3 00:02:48.662 --> 00:02:52.318 burial of some sort. Basically, you take CO2, you inject it cda5a321-b081-49d3-a8ae-b968b3f7e350-4 00:02:52.318 --> 00:02:56.217 underground and it normalises, it stays there forever. But it's cda5a321-b081-49d3-a8ae-b968b3f7e350-5 00:02:56.217 --> 00:02:59.995 important that we we address multiple different pathways here cda5a321-b081-49d3-a8ae-b968b3f7e350-6 00:02:59.995 --> 00:03:03.712 because the volumes that we're looking at, multiple gigatons cda5a321-b081-49d3-a8ae-b968b3f7e350-7 00:03:03.712 --> 00:03:07.184 per year is, is just such a massive quantity that no one cda5a321-b081-49d3-a8ae-b968b3f7e350-8 00:03:07.184 --> 00:03:08.830 pathway will be sufficient. 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-0 00:03:09.270 --> 00:03:12.785 And is government policy keeping up with this? What would you 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-1 00:03:12.785 --> 00:03:16.358 like to see happening on that, on that score? Yeah, it's, it's 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-2 00:03:16.358 --> 00:03:19.647 it's exciting to see that policies are starting to emerge 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-3 00:03:19.647 --> 00:03:23.163 that will address both driving demand for removals as well as 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-4 00:03:23.163 --> 00:03:26.622 supporting how you actually store it long term. But where we 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-5 00:03:26.622 --> 00:03:29.741 are today is we're not far enough. We need to see more 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-6 00:03:29.741 --> 00:03:32.860 policy that's going to basically make removal of CO2 a 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-7 00:03:32.860 --> 00:03:36.150 requirement as opposed to today where it's primarily done 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-8 00:03:36.150 --> 00:03:39.269 through voluntary means. Basically, today, the leading 5fc86647-b8eb-4d07-a3a1-5dd760578b5d-9 00:03:39.269 --> 00:03:40.459 companies will choose 274f417d-8660-4a7c-ba65-a1e1810257d3-0 00:03:40.530 --> 00:03:43.930 to do removals to offset their emissions. We need to get to a 274f417d-8660-4a7c-ba65-a1e1810257d3-1 00:03:43.930 --> 00:03:47.440 world where much like any other industrial waste, pollution, et 274f417d-8660-4a7c-ba65-a1e1810257d3-2 00:03:47.440 --> 00:03:50.895 cetera, those who are driving the most pollution have to clean 274f417d-8660-4a7c-ba65-a1e1810257d3-3 00:03:50.895 --> 00:03:54.350 it up. And there are a lot of different mechanisms that can be 274f417d-8660-4a7c-ba65-a1e1810257d3-4 00:03:54.350 --> 00:03:57.586 used to drive that. Things like emissions trading schemes, 274f417d-8660-4a7c-ba65-a1e1810257d3-5 00:03:57.586 --> 00:04:00.876 border, carbon adjustments and many others. Well, thank you 274f417d-8660-4a7c-ba65-a1e1810257d3-6 00:04:00.876 --> 00:04:04.167 both for joining us with such innovative solutions and hope 274f417d-8660-4a7c-ba65-a1e1810257d3-7 00:04:04.167 --> 00:04:04.990 for the future. b70d36b8-3f4c-44bc-9b1c-e9f780b0ecae-0 00:04:05.810 --> 00:04:07.900 Karen and Rob, thanks. Thank you. Thank you. 2f6a7e9c-8bdc-4e12-83d8-6a5e5b6e236e-0 00:04:09.020 --> 00:04:12.740