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To actually prevent further global warming we need active planetary scale solutions. You paint far too rosy a picture here. A carbon tax is preventative, not a
by Misdicorl 7y ago
To actually prevent further global warming we need active planetary scale solutions.
You paint far too rosy a picture here. A carbon tax is preventative, not active. There is no viable path to scale current sequestration techniques to global scale.
What we're talking about with a carbon tax is not 'solving climate change'. It is limiting the change to approximately what current models predict.
- DennisP 7y agoIf a carbon fee system grants transferable credits for sequestering ambient carbon, then it would pay for that too.
- Misdicorl 7y agoThis ignores the fact that the resources to sequester carbon simply do not exist at the required scale.
- ip26 7y agoThe entire point of a carbon credit system would be to produce the funding to develop those resources.
- Misdicorl 7y agoBut the funding is backwards. We need genuine engineering genius and/or fundamental scientific breakthroughs to have more than a laughable impact with industrial sequestration techniques. The return on investment will be hugely negative for the vast vast vast majority of efforts. This is a problem that is very well suited to direct public funding (we all benefit if a solution is found) and poorly suited for private enterprise (privatizing the benefit is unlikely to offset the costs to develop it on an average basis).