Episode
107

Leadership and Decarbonization

November 29, 2023
|
Duration:
1656980
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In This Episode:

Join energy coaches David Arkell and John Pooley, producer Lysandra Naom, with guest Chief Carbon Scientist and Head of Engineering at Deep Sky, Phil DeLuna. This episode features carbon capture projects, primary drivers for leaders to decarbonize, what business leaders should be doing on climate change, and more. Check out our 360 Carbon Excellence Program here: www.carbonexcellence.com. Find us at our website www.360energy.net or LinkedIn and Youtube at 360 Energy Inc. Email us at podcast@360energy.net with any comments, questions, or recommendations

Highlights

  • Economics of Carbon Removal:
    Phil explains the high costs associated with carbon capture, largely due to the energy required. The aim is to bring costs down to make carbon capture economically viable for industries.
  • Corporate Pressure for Carbon Offsets:
    Many corporations have committed to net-zero targets but struggle to meet them, driving demand for high-quality, verifiable carbon credits.
  • Shift from Nature-Based to Tech-Based Offsets:
    Increased scrutiny on nature-based offsets has led companies to prefer tech-based solutions like direct carbon capture, where efficacy and permanence are more assured.
  • Launch of Deep Sky Alpha:
    Deep Sky is establishing a carbon removal testing facility in Canada, intended as a public-facing, accessible research site to accelerate technology validation and public education on carbon capture.

    • Key Insights

    • Market Gap in Carbon Capture:
      Demand for carbon removal is projected to far exceed supply by 2030, highlighting the urgency of scaling up carbon capture technologies to meet corporate and environmental targets.
    • Corporate Accountability on Emissions:
      Organizations are increasingly held accountable for emission reduction targets, with potential legal implications for greenwashing and failure to meet set goals.
    • Long-Term Climate Risk in Business Strategy:
      Climate change is now seen as a fundamental business risk across sectors, influencing investment decisions and risk management practices.
    • Transformational Role of Sustainability in Leadership:
      DeLuna emphasizes that sustainability is no longer just a PR effort but a core part of business operations, requiring continuous engagement at all levels.
    Share this story
    Carbon Credits
    Risk Management
    Sustainability
    Climate Change
    Carbon Capture
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