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So, for $4.3 trillion dollars / year we can turn the 43 billion tonnes of CO2 we emit per year into oxygen and carbon crust. Which is twice the annual revenue f
by aychedee 5y ago
So, for $4.3 trillion dollars / year we can turn the 43 billion tonnes of CO2 we emit per year into oxygen and carbon crust. Which is twice the annual revenue for the global oil industry.
- ClumsyPilot 5y ago"Which is twice the annual revenue for the global oil industry." That means that for every $1 the oil industry makes, it is creating $2 of debt for future generations. This is vandalism, pure and simple
- franky47 5y agoThat is assuming it takes less than a year to convert all that amount. At the given rate of .1 liter/minute, you'd need a lot of those installations or quite the scale-up.
- ericd 5y agoWell, don’t forget the cost to concentrate CO2 from 440 ppm in the atmosphere to 10^6 ppm. The current cost of direct air capture that I’ve seen is about $600-$1000/ton (via Climeworks). Capturing CO2 from flue gas at power plants should be a good bit cheaper, but I think it’s still significant.
- xwdv 5y agoAny financing options?
- pjc50 5y agoThat sounds about right, that it costs more to ameliorate the problem than can be earned by causing it.
- zz865 5y agoYeah we could turn CO2 into coal or we could just stop burning coal in the first place.
- maxerickson 5y agoThat would make it pretty feasible. A 25% reduction in consumption (if the activity were purely subtractive from the economy, which it probably wouldn't be) is manageable.