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Project Vesta – Mitigating climate change with green sand beaches

projectvesta.org

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Re: Project Vesta – Mitigating climate change with green sand beaches

#201
post #191

Earlier quoted context omitted.

That's assuming we don't have a Conservative government later this year.

Polls are trending Liberal.. stand by. It’s a long summer ahead and the Conservatives are short on real answers.

Assuming Trudeau doesn't have another gaff or corruption scandal.. But I'm not holding out hope. Although NDP looks weak as hell too... I'm depressed for the future of this country.

Re: Project Vesta – Mitigating climate change with green sand beaches

#202

“To carry out this plan, it will take a volume of 7 cubic miles of olivine rock placed on 2% of the world high-energy, tropical shelf-seas each year.” To put this in perspective, the global annual oil production is about 1 cubic mile [1], and concrete production is about half a cubic mile [2], [3] (4.4 BN tons at 2.4 t/m3 = 1.83 cubic km = 0.44 cubic miles) [1] https://en.m.wikipedia.org/wiki/Cubic_mile_of_oil [2] ht…

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Re: Project Vesta – Mitigating climate change with green sand beaches

#203
post #137

It costs about $1 to transport an oil barrel 1000 miles. 35 billion oil barrels are transported each year. So transporting that olivine rock will cost an order of $250B. This will compensate for the yearly co2 emissions , ~38B tons. With carbon offsets priced at $15-$40 per ton - so there's potential for profitability .

Transporting? Wouldn't most volcanic rock already be on islands?

Re: Project Vesta – Mitigating climate change with green sand beaches

#204

Earlier quoted context omitted.

Everyone's problem, no?

Not really. Poor countries don't have expensive infrastructure investments in the current climate, so can adapt to climate change by moving a few miles. Moving New York City and Los Angeles is much harder, and the loss much more expensive.

If there's a runaway effect then everyone will be screwed. Besides, if the rich can no longer exploit the poor, then how will they fund their lifestyles?

Re: Project Vesta – Mitigating climate change with green sand beaches

#205

Well jeez. I know it's not a popular thought on HN, but climate change is a problem of such scale that it's going to need government-level funding and oversight to find and validate geoengineering solutions, and global-level funding and coordination to implement them. This third-way aspiration to a non-government solution just seems like a pipe dream.

Could it be the case that contemporary governments and economies are just simply not structured to be forward thinking in this way? What if, in analogy to the transition out of feudalism, the next evolution of government and economies is one that allows for spending on future outcomes in a way that is impossible now? I have no idea what those institutions would look like -- I only know that hoping to solve global pro…

It's possible to create a way out of this by taking finance structures and adapting them to service public goods. A climate project bank might issue loan/grant type funding for projects, in a model much like how the U.S. mortgage market and fannie mae works right now. Loans are assessed for risk and financial return, and we can use the same type of transactional examination for a hybrid of risk, financial, and carbon-reducing-sinking effect. Personally, I think issuance of loans at a discount relative to current commercial loan rates (maybe by offering a discount rate based off of a base of Fed rates), would offer strong leverage with elements of responsiveness to market fluctuations.

Re: Project Vesta – Mitigating climate change with green sand beaches

#206
post #195

Earlier quoted context omitted.

Could it be the case that contemporary governments and economies are just simply not structured to be forward thinking in this way? What if, in analogy to the transition out of feudalism, the next evolution of government and economies is one that allows for spending on future outcomes in a way that is impossible now? I have no idea what those institutions would look like -- I only know that hoping to solve global pro…

> Could it be the case that contemporary governments and economies are just simply not structured to be forward thinking in this way? I'm confused that this is a quesiton that you're asking, as opposed to something that is blatantly obvious. The United Nations declared as such recently: https://www.theguardian.com/commentisfree/2019/mar/18/ending... https://www.huffpost.com/entry/climate-change-capitalism-eco... "Tru…

Well going on the tone in the rest of their comment I read that as a firmly tongue in cheek rhetorical question. As in: From the department of the blatantly obvious comes the question "Could it be the case...

By analogy to feudalism that we need a transformative change to something, an unknown something, that is different but a little better at seeing a big picture rather than endless blinkered dogma.

Re: Project Vesta – Mitigating climate change with green sand beaches

#207

Earlier quoted context omitted.

That’s to counteract for 100% of emissions, right? A more reasonable goal would be to go for 10%. Still very ambitious, but could be done and would have a pretty huge impact. Combine that carbon pricing, technological advancements, and other sequestration schemes, and targets for avoiding environmental catastrophe seem achievable.

Sorry, can you explain why you think counteracting 10% of emissions would have "a pretty huge impact"? The best science from the IPCC suggests we have to cut net carbon emissions by 50% by 2030 in order to have a moderate chance of avoiding the most catastrophic effects of the climate disaster. I'm not saying 10% isn't ambitious, but it's entirely insufficient to the scope of the problem.

Aforestation is another big opportunity to absorb carbon and can be combined to increase habitat for animals and biophillic settings and work for people, as well as produce sustainable building and manufacturing materials - and even some fuel.

The IPCCs primary goal is to reduce carbon output, not figure out a way to enable it to continue. We have renewable and sustainable power technologies ready to reduce carbon output rapidly as soon as the political will to proceed is won.

This potentially huge mining scheme involves releasing what is in simple terms very large amounts of a pollutant into the Ocean. Its anticipated that the effects of this particular pollution will be beneficial, but we have no natural history to show for its ecological effects. Forests are already a great part of our worlds natural history.

I think it is a worthwhile scheme to begin implementing and observing the effects on Ocean ecology and also on the global mining industry which it has potential to stimulate. But the 100% target is an oversell in my view.

Re: Project Vesta – Mitigating climate change with green sand beaches

#208
post #138

Earlier quoted context omitted.

Hi, if you'd like to donate at this point please check out https://projectvesta.org/donate where we currently have our "Grain of Hope" necklace available. It is a single grain of olivine, suspended in a sand timer vial, to symbolize that although time is ticking, it is not too late to stop (and reverse) the damage. Since we do not have a beach yet where we can place olivine, we were originally not planning to offer t…

Setup recurring donations as soon as you get around to it. It's a lot more money, and a lot easier to plan your budget since attrition is perfectly predictable.

Thank you for the feedback, you are right on the mark, as this is our plan once we have our first Impact Beach in operation. The plan is to sell a piece of jewelry for $XX-$XXX and then charge $25 per month, which is about the cost of 1 tonne of olivine. That 1 tonne of olivine placed in the person's name, will remove 1.25 tonnes of CO2 from the atmopshere/ocean, which is approximately equivalent to a US person's monthly CO2 footprint (1.245 t / month or 14.95 t /year)[1]

[1] https://www.weforum.org/agenda/2019/01/chart-of-the-day-thes...

Re: Project Vesta – Mitigating climate change with green sand beaches

#209
post #137

It costs about $1 to transport an oil barrel 1000 miles. 35 billion oil barrels are transported each year. So transporting that olivine rock will cost an order of $250B. This will compensate for the yearly co2 emissions , ~38B tons. With carbon offsets priced at $15-$40 per ton - so there's potential for profitability .

But olivine is a rock and oil is a liquid. That cost is so low because of pipelines, but you can’t build pipelines for solid things.

Re: Project Vesta – Mitigating climate change with green sand beaches

#210
post #182

Earlier quoted context omitted.

Also innovation.

The opposite of innovation is business as usual. Taxation always leads to innovation, sometimes they are not exclusively in the field of accounting.

Do you have any support for your claim that taxation leads to innovation?
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