Current atmospheric levels of carbon dioxide are already said to be 40% above pre-industrial quantities. More concerning is that the level is rising. Therefore, efforts are needed that stop the procedure.

In fact, the Intergovernmental Panel on Climate Change's latest report has also raised concerns by saying that controlling 2 degrees by 2100 would not be possible without the help of carbon-removal technologies and especially bioenergy with carbon capture and storage (also known as BECCS).

It seems that Jacobs SKM, a prominent economics firm, found it to be a topic worth studying. It carried out a study to know how BECCS can help in achieving a carbon budget for Australia. If the way is found then things can greatly improve to avoid 2 degrees warming at an international level.

After carrying out the study, it was found that using food wastes, crop residues and sustainable plantation forest biomass, BECCS could eliminate around 65 million tonnes of CO2 equivalent (MtCO2-e) annually by 2050 in Australia. The percentage is equivalent to 1.5 times the current emissions released from all cars in Australia.

On the global level, BECCS was found to remove up to 10 billion tonnes of pollution per year in 2050. SKM pointed out that energy efficiency and other renewables are required despite the fact BECCS is available or not. SKM also pointed out that afforestation is also quite crucial.

The Climate Institute report has unveiled that absence of bio-CCS will let Australia to shell out more money for emissions reduction. It further affirmed that without using the bio-CCS for removing carbon, the cost of climate action will increase by up to $60bn by 2050.

The study is considered to be one of a kind carried out at national level. "If we are serious about 2C, we've got to get this stuff out of the atmosphere and have a serious conversation about how the hell we do that", said John Connor, Chief Executive of the Climate Institute.