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This ignores the fact that the resources to sequester carbon simply do not exist at the required scale.
by Misdicorl 7y ago
This 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).