2 ms·
We could also (radical though there) put a price on negative externalities, so the market would do the right thing. That will do a lot for the natural preferenc
by wumpus 5y ago
We could also (radical though there) put a price on negative externalities, so the market would do the right thing. That will do a lot for the natural preferences of consumers.
- hedora 5y agoA dollar per gallon of gasoline would more than pay to recapture the atmospheric carbon burning the gasoline would release. Math: 1 gallon of gasoline releases 20lbs of CO2 1 ton is 2000 pounds, so a gallon releases 1/100th of a ton. Atmospheric carbon capture technologies are projected to cost $17-70 per ton, or $0.17-0.70 per gallon of gasoline.
- adrianN 5y agoRight, so set up a market where carbon capturers can sell carbon credits and you need to buy carbon credits to pump oil out of the ground or dig up coal. Don't speculate on some future efforts to suck the carbon back with money that is already spent on other things. I'm pretty sure that right now, and at the scale we release carbon, it's a lot more expensive than 17-70 dollars per ton.