this post was submitted on 17 Feb 2024
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This is our only hope for climate change.
Things get better when solar out-competes coal and other fossil fuels. We're just missing the deployment rate right now I think to be able to just stop fossil fuel use from growing.
But we could have reduced consumption instead and done this much, much faster. The economy might have needed to shift to deal with this and a lot of old industries should have been shut down within only a few years, but it would have had a major impact. Instead we wait for new industries to grow alongside the old, while still growing the old!
Basically if billionaires can capture carbon, they will probably use it as a way to make governments pay to clean the air, which is essentially an ongoing tax from a private entity to a public one, which could conceivably go on forever (or until people try to nationalize it).