5 ms·

If a carbon fee system grants transferable credits for sequestering ambient carbon, then it would pay for that too.

• Misdicorl 7y ago
  This ignores the fact that the resources to sequester carbon simply do not exist at the required scale.
  • ip26 7y ago
    The entire point of a carbon credit system would be to produce the funding to develop those resources.
    • Misdicorl 7y ago
      But 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).