this post was submitted on 09 May 2024
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Realized CCS recovery is like 25% lower than expected, and highly variable.
Remind me again why we pour billions into this? It's definitely not just so we can continue what we are doing, without actually doing anything, is it?
To put a realistic price on carbon emmissions, now we know exactly what a tonne of CO2 costs so we can impose that as a tax.
Yet, how do you do that? Cost to produce said tonne? Societal cost of damage? Ecological cost, estimated in terms of reduced biodiversity? All of these costs change with time too. It's a tough one for sure.
Use the cost for removing it so that you can pay someone to clean up.