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The easiest approach is to charge for greenhouse gas emissions at the source. Set the price to be 2x the cost of direct air carbon capture, then put the money

by hedora 1y ago

The easiest approach is to charge for greenhouse gas emissions at the source. Set the price to be 2x the cost of direct air carbon capture, then put the money in a fund that pays for cheapest environmentally responsible capture first. This would lead to ev’s and heat pumps being drastically cheaper than older technologies. While they’re at it, federalize the price gouging oil companies. We have signs at gas stations run by international megacorps here in California complaining that we have the highest fuel taxes in the US. The taxes are listed on the pumps, by law. If you subtract them out, and compare the results to other states, you’ll find that we’re being price gouged dollars per gallon by the industries. (The excuse for this is that there was months-long supply chain shock 20+ years ago. Of course, the prices never went down after that shock…) Anyway, screw them. We have EVs now, and as bad as PG&E’s rates are, it’s still saving us hundreds of dollars a month.

lozenge 1y ago
Direct air capture can't be purchased at any price to even soak up 1% of our emissions.
- adrianN 1y ago
  That doesn’t mean that you can’t purchase it for x tons of carbon and use that to set the price.
  - hammock 1y ago
    That’s not how markets work though. For instance, just because one share of AAPL sold at $270 does not mean all 15 billion outstanding shares can be sold for that price. If a sell order was put in for even 10k shares you’d quickly find out that you might find a 270 bid for some of that but not all. Order flow is an important tool , bid/ask is misleading without it
adrianN 1y ago
Setting the price that high would mean starvation for a lot of people and this isn’t feasible. Ramping the price up slowly is probably too slow to avoid the worst tipping points, so we need pricing signals together with other policies for the most effective climate action.

by hedora 1y ago

lozenge 1y ago

Direct air capture can't be purchased at any price to even soak up 1% of our emissions.

adrianN 1y ago
That doesn’t mean that you can’t purchase it for x tons of carbon and use that to set the price.
- hammock 1y ago
  That’s not how markets work though. For instance, just because one share of AAPL sold at $270 does not mean all 15 billion outstanding shares can be sold for that price. If a sell order was put in for even 10k shares you’d quickly find out that you might find a 270 bid for some of that but not all. Order flow is an important tool , bid/ask is misleading without it

adrianN 1y ago

Setting the price that high would mean starvation for a lot of people and this isn’t feasible. Ramping the price up slowly is probably too slow to avoid the worst tipping points, so we need pricing signals together with other policies for the most effective climate action.