Número del envío: 7636
ID del envío: 53036
Submission UUID: 8e232dab-ff08-4725-8b19-d9f3731d5edd

Creado: Lun, 06/10/2025 - 23:52
Completado: Lun, 06/10/2025 - 23:54
Modificado: Mar, 07/10/2025 - 08:14

Remote IP address: 203.122.42.166
Enviado por: Anónimo
Idioma: English

Is draft: No

Marcado: Sí
Back To Public Comments


Submitted Comment
Pawan Mehra
cCarbon (Division of cKinetics)
Analytical inputs and sources to inform SB905

The California Air Resources Board (CARB) continues to lead in implementing policy frameworks that support California’s decarbonization goals. The SB 905 solicitation is a critical step toward integrating Carbon Capture, Utilization, and Storage (CCUS) technologies into the state’s climate strategy. cKinetics appreciates the opportunity to contribute insights based on our data-driven analysis of environmental markets and decarbonization mechanisms.

The cCarbon division at cKinetics specializes in business intelligence, analytics, and forecasting for global environmental markets. Since 2012, we have covered the Western Climate Initiative (WCI) and now provide insights on global compliance and voluntary carbon markets (including carbon dioxide removals), sustainable fuels, and other environmental commodities. Our clients rely on our data tools and analyst-driven insights for strategic decisions around compliance, investment, and forecasting.

Regarding SB905, we are tracking technological developments on four fronts:
A. Carbon Capture from point sources
B. Carbon Capture Utilization (CCU)
C. Carbon Dioxide Removal (CDR)
D. Carbon Transportation and Storage

Carbon capture from point sources
This segment is maturing rather quickly. As per cCarbon research, the cost of capture has dropped to values between $45 and $80 per ton of CO2 for point sources such as cement, ethanol production and natural gas power plants. Costs and logistics around carbon transportation and storage need to be addressed. The latter also tend to have a high compliance burden and lead times for implementation.

Coming reduction in the cost of carbon removal
In the last 5 years, over $9.8 billion has been committed to the carbon removal sector, encompassing both engineered and nature-based solutions. This capital is a mix of equity, government grants, and a smaller portion of debt, reflecting an industry in its early stages where risk tolerance is higher and government support is critical for de-risking new technologies

We estimate that against the above investment, approximately 12 million tCO2e of annual removal capacity has been created globally.

The attached note outlines some analysis and inputs related to SB 905

N/A