Re:What if carbon removal becomes the new Big Oil?
by GhostVII on Sunday July 26, 2020 @09:54AM
(#23957062)
If the government introduces a national emissions cap ("cap and trade"), then CCS can be used to offset emissions when it is too expensive to reduce them directly. If we had an economy for emissions, then companies could do CCS to get emissions credits for what they capture, and then sell them to companies who still have high emissions.
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Re:What if carbon removal becomes the new Big Oil?
by hedora on Sunday July 26, 2020 @11:34AM
(#23957807)
This needs to be done. Also, it would allow individuals to buy the credits and destroy them, which would further increase the cost of emitting CO2. The trick is to set the number of credits decades in advance.