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Right now there is a fuckton of capital searching for a return. If we went hog wild on nuclear power by reducing regulations and imposed a slowly ramping-up rev
by njarboe 8y ago
Right now there is a fuckton of capital searching for a return. If we went hog wild on nuclear power by reducing regulations and imposed a slowly ramping-up revenue neutral carbon dioxide tax, people might go for it. Especially if you let the tax be negative and people get paid to take CO2 out of the atmosphere and sequester it some way. Oil companies have a lot of knowledge, land, and boreholes and already pump CO2 underground to increase oil production in some fields. You might have a lot of different types of people who could get behind such a plan.
I'm hoping a radical centrist can win the US presidency in 2020 and get some such deal done with Congress. The USA needs to lead and then we would have a chance to help/arm twist China, India, and the rest of the world to follow suit.