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Noting conflicts of interests makes sense, but the point of the article may still stand. Why is there no market force for extracting CO2? Do any emissions tradi
by anfedorov 8y ago
Noting conflicts of interests makes sense, but the point of the article may still stand. Why is there no market force for extracting CO2? Do any emissions trading systems include folks who capture emissions and improve the "supply side" of the equation?
- thinkcontext 8y agoThe US gives tax credits of $50/ton for underground storage and $30/ton for usage of the CO2.
- vkou 8y agoSo, about 5 cents per gallon of gas? That is a complete joke.
- tlb 8y agoCoal prices vary, but can be as low as $50/ton. If you set the price for carbon burial much higher than that, it enables a business model you might not want to encourage.
- gomox 8y agoYou mean burning coal and capturing carbon back to profit from the price spread?
- voidmain 8y agoI think they mean digging up coal and burying it in the ground again. Carbon captured, mission accomplished!
- cobbzilla 8y agoThe current spot price for a short ton of coal is $40 [1], if it stays this low for a while, and the subsidy is in fact above that price, then watch out for some "business model innovation" in this space. [1] http://www.infomine.com/investment/metal-prices/coal/5-year/ http://www.infomine.com/investment/metal-prices/coal/5-year/
- thinkcontext 8y agoIts one of the higher non-gas tax incentive schemes in the world actually. Of course that's not saying much.