https://cleantechnica.com/2019/03/22/banks-funneled-1-9-tril...
Data point 1: Coal-fired power plants are closing at a rapid pace across the US, and no one is building new ones. Nuclear plants are also closing well before their end-of-life plans, largely because they are losing major industrial customers to cheaper sources.
Data point 2: The key cheaper sources are natural gas (due to fracking, which has caused supply to increase and prices to plummet), wind, and solar. The cost of utility-scale solar has dropped over 80% in the past decade(!), and plants are being built based on unit prices of under $60/Mwh, compared to around $100/Mwh for coal and nuclear. Onshore wind is under $50/Mwh and has a solid experience base of data for wind variations etc. Fracked gas is around $40/Mwh, but may be passed soon by both wind and solar. Storage tech (batteries etc) for stabilizing the grid with wind and solar in play are also becoming much cheaper, due to manufacturing improvements and economies of scale.
Data point 3: Electric cars are becoming common, if still a minority, and their prices are also dropping toward being in line with fossil-powered cars. There's every reason to believe this trend will continue, not just because they're getting more affordable, but because they're just plain better cars in many ways.
The infrastructure that burns fossil fuel is highly distributed. Millions (billions?) of cars on the road. Worse, millions (billions) of cold-climate buildings heated by gas or coal.
In the meantime, it's not growing exponentially. It had actually leveled off. There was a spike in the past couple of years, but it doesn't seem reasonable that it's a sustained pattern.
Estimated cost is a few hundred billion dollars. A lot cheaper than most methods of carbon sequestration. It also has the benefit that it could restore ecosystems if done well. People who focus just on carbon emissions miss that the are more systemic problems with destroying ecosystems i.e. in the long term biosphere collapse.
The larger problem is that it takes 50 years (or longer) for most of the carbon sequestration to happen.
edit: just to add some numbers for the context.
> Once mature, these new forests could store 205 billion tonnes of carbon: about two thirds of the 300 billion tonnes of carbon that has been released into the atmosphere as a result of human activity since the Industrial Revolution.
Given the current emissions rate of ~10Gt (assuming no increase), the amount captured by these new trees will be re-added in just 20 years, and will keep growing afterwords.