Why isn't there a billion dollar reward to any person or company that comes up with a cost-effective way to capture carbon from the air and convert back to solid carbon? I'd love to understand the physics (or chemistry? maybe economy?) that prevents this from materialising.
There is a cost-effective way: Planting trees, cutting them down and turning the wood to charcoal. You'd need huge areas dedicated to such forests. You'd also need to "unburn" most of the coal and oil we burned so far. That's a mind-boggling amount of matter we're talking about here. But who would pay for that? If there were the political will we would long have passed a simple carbon tax that, after some adjustment…
But it’s a moot point anyway, because trees simply grow too slowly to be an effective carbon buffer at the timescales that are relevant right now.