Earlier quoted context omitted.
I get it. Humans are selfish and greedy. But we’ve also exceeded our carbon budget as a species, so here we are. The state could always nationalize Shell and dismantle its production capacity. This outcome seems pretty tame compared to what could’ve (and still might be) mandated. We have the technology to rapidly decarbonize, how fast we move is a choice. The longer we wait, the more severe the consequences awaiting…
>But we’ve also exceeded our carbon budget as a species So what do you suggest. From yesterday, every truck, ship factory etc should stop working because our carbon limit has been exceeded. I mean, if you think orders such as these are the way forward, that is very going to happen. Haling global fossil production= halving global energy consumption= half of all industry shutting down. I think my sums are right.
There will be some petroleum consumption remaining, and in the short term we’ll need to tax that at a rate that pays for the removal of the resulting carbon using air source carbon capture (Climeworks and similar). I believe the current cost of that is $600 per ton of CO2 based on Climeworks’ letter to Stripe notifying they completed their initial removal objective they were contracted for.
With all that said, the planetary climate doesn’t really consider GDP as a worthwhile metric, so perhaps we should revisit it as well (compared to having a functioning, stable ecosystem to exist in).