this post was submitted on 05 Aug 2023
25 points (100.0% liked)
Climate - truthful information about climate, related activism and politics.
5437 readers
576 users here now
Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.
As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades:
How much each change to the atmosphere has warmed the world:
Recommended actions to cut greenhouse gas emissions in the near future:
Anti-science, inactivism, and unsupported conspiracy theories are not ok here.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Interesting, but there's no mention in the article of the $/ton CO2 they will pay that I could see.
Presumably it will have to be close to the market (say $100 $/ton today?).
If they go lower there will be no uptake, if they go much higher they will burn through the $3.5B and only achieve a short blip in the market for no real long term benefit.
But I imagine $3.5B used carefully might have some interesting effects.
Edit: I'm not sure $3.5B is the relevant number (but the only one quoted in the article).