The US is spending billions to build direct-air-capture plants. But some fear the projects won’t succeed unless the government buys more of what they’re selling. (www.technologyreview.com)

submitted 1 month ago by silence7@slrpnk.net to c/climate@slrpnk.net

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This has been one of the inherent problems with any kind of carbon removal — there's no real way to profit from it, so it was unlikely to happen at scale bigger than a PR operation unless government either pays for it or requires firms to pay for it.

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[-] RvTV95XBeo@sh.itjust.works 4 points 1 month ago

This is entirely the point of a cap and trade system. Let the market duke it out over the best path to zero, ratcheting down the amount of credits on the market, so everyone can decide whether to focus on reducing or removing.

this post was submitted on 10 Oct 2024

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