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The entire point of a carbon credit system would be to produce the funding to develop those resources.
by ip26 7y ago
The 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).