Anything to avoid changing the status quo to reduce emissions. Honestly embarrassing.
U.S. sets goal to drive down cost of removing CO2 from atmosphere
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Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#22> The Department of Energy's Carbon Negative Earthshot seeks to slash the cost of carbon removal to $100 a tonne by the end of the decade At 40 gigatonnes a year, that would be $4 trillion, which is about 5% of Gross World Product.[0] It's probably still cheaper to avoid emitting the CO2 in the first place, but that does put an upper bound on the cost of reaching net zero. Of course, no one wants to take a voluntary…
5% is still much higher than the costs of climate change for at least a century (at least if you believe the IPCC projections).
"the damage costs caused by climate change will reach $5.4 trillion a year by 2070, and $31 trillion a year by 2200"
https://www.ucl.ac.uk/bartlett/energy/news/2020/oct/cdp-and-...
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#23Wouldn't it be more efficient to remove CO2 from the sea where it has been accumulating as the oceans act as sinks for atmospheric pollutants and ocean acidification is actually more of a problem in the short term?
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#24Wouldn't it be more efficient to remove CO2 from the sea where it has been accumulating as the oceans act as sinks for atmospheric pollutants and ocean acidification is actually more of a problem in the short term?
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#25Wouldn't it be more efficient to remove CO2 from the sea where it has been accumulating as the oceans act as sinks for atmospheric pollutants and ocean acidification is actually more of a problem in the short term?
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#26At a first read, this is great, because it's apolitical. It's about innovation, and is positive, I.e. doing something instead of telling people not to do something. For once this seems like something a government should be doing. I'm almost suspicious I missed something.
This is a strange statement to make about DAC. Once you think about what that means there's a lot of thorny political issues.
Removing carbon from the air to store it permanently does not give you anything economically. Someone's going to have to have to pay for it. Is that people who made their wealth based on fossil fuels? People who emit most or who did so in the past? Or everyone?
Don't get me wrong: I'm all in favor of supporting development of this tech. But there are complicated political questions to be answered. Framing this as "apolitical" is probably not going to help.
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#27I do worry about the oversight and auditing of such metrics. The article does refer to the problem of "I planted X trees therefore I removed Y carbon", when that is true only under particular conditions.
I guess you need to plant X trees, wait Y years for them to accumulate Z carbon and then bury all the trees M meters underground to stay there forever.
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#28Anything to avoid changing the status quo to reduce emissions. Honestly embarrassing.
Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#29Re: U.S. sets goal to drive down cost of removing CO2 from atmosphere
#30> The Department of Energy's Carbon Negative Earthshot seeks to slash the cost of carbon removal to $100 a tonne by the end of the decade At 40 gigatonnes a year, that would be $4 trillion, which is about 5% of Gross World Product.[0] It's probably still cheaper to avoid emitting the CO2 in the first place, but that does put an upper bound on the cost of reaching net zero. Of course, no one wants to take a voluntary…
5% is still much higher than the costs of climate change for at least a century (at least if you believe the IPCC projections).
Maybe you shouldn't. The IPCC does good work, but their predictions are conservative and imperfect, and they mostly ignore tail risks. Up until 2012 they predicted that arctic summer sea ice would last until the 2050s, and now it's estimated to be gone by the 2030s.