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Great initiative, though why not use those funds to also sustain forests and natural carbon capturing methods in the tropical regions? Use those funds, so that
by atilev 6y ago
Great initiative, though why not use those funds to also sustain forests and natural carbon capturing methods in the tropical regions? Use those funds, so that jobs can be created where forests are getting cut down for agriculture use? We could preserve our natural carbon capturing biosphere as well as invest in carbon capture technology.
There will be little incentive to preserve biosphere lands.
- core-questions 6y agoAgreed, this seems like a more immediately effective vector, on multiple fronts. Let's face it: this 1% transaction fee is going to mostly go into the hands of administrators, bureaucratic types, functionaries, middlemen, and grifters who have gotten themselves into the right place at the right time to proselytize a bunch of catabolic techniques to "capture carbon" that use more energy to capture carbon than was produced by releasing that same amount of carbon. It makes virtually zero sense.