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If you can capture the CO2 using transient power from wind or solar and use it to make a synthetic fuel, then you have a potentially viable option. Carbon Engin
by ttul 7y ago
If you can capture the CO2 using transient power from wind or solar and use it to make a synthetic fuel, then you have a potentially viable option. Carbon Engineering in Squamish BC is doing this for $100 a tonne. Their synthetic fuel costs about $2/L to make - still too expensive, but not if the carbon price rises to about $100/T.
- taneq 7y agoThat’s way better than I thought it would be, aren’t some European countries fairly close to that mark?
- sime2009 7y agoThis morning I paid about 1.68 euro/L as a consumer for plain gas/petrol here in the Netherlands.
- ttul 7y agoThe World Bank has compiled a database that you can query [1]. Sweden's carbon tax is USD $121, the highest in the world. Next best is Switzerland and Lichtenstein tied at $97, followed by Finland at $68. Sweden's tax covers 40% of emissions from that country. Finland covers 36%. Switzerland covers 33%. British Columbia's tax is lower, but it covers 70% of carbon emissions - a very broad-based tax. It will be USD $38 in 2021. Personally, I think it's better for governments to focus on total coverage rather than the price. The more broad-based the tax is, the more efficient it is in shaping the economic development of the region. You don't want carbon "leaking" into sectors where it's cheap to pollute - that's inefficient. Far better to have all sectors equally incentivized to decarbonize. [1] https://carbonpricingdashboard.worldbank.org/map_data https://carbonpricingdashboard.worldbank.org/map_data