Posted on 04/18/2023 4:00:11 AM PDT by Oldeconomybuyer
(Reuters) - The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air.
Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas - the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology.
The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated.
While bids for the U.S. DAC hub funding were due on March 13, the government and some companies have yet to fully disclose details about the applications, many of which Reuters is reporting for the first time. The Energy Department expects to announce winning bids this summer.
Worsening climate change and inadequate efforts to cut emissions have thrust the issue known as carbon removal to the top of the agenda, and U.N. scientists now estimate billions of tonnes of carbon will need to be sucked out of the atmosphere annually to reach a goal of capping global warming at 1.5 degrees Celsius.
(Excerpt) Read more at msn.com ...
And, the DAC electric bill.
I have a real simple question.
If they build the factories that will capture and permanently store the gas what would happen if say 10, 20, 30 years in the future there was a catastrophic “accident” where ALL the captured gas was released all at once?
I find it hard to accept that ANY man-made gas storage device can be made permanent.
Stop it. CO2 is not a pollutant. It is harmless. Stop asking quetions about it. Just oppose the madness on it’s own insane merits.
Harder to believe is that these essential elements of life on the planet need any such “removal”.
They have been saying this for decades, why the public doesn’t wise up is bizarre.
CONtrolling the climate is like changing your gender. Doesn’t work regardless of how many part you remove or add. Sorry.
total waste of money ... sequestering and storing carbon is insane ... for one thing, the processes to do that simply add as much or more carbon to the atmosphere than they capture and sequester ...
It is insane because CO2 is not only harmless it is benficial.
Considering the history of the planet and the apparent continuing decline in the CO2 levels, we should be sounding the alarm that if this trend continues, CO2 will drop to a level that is unable to sustain life.
” goal of capping global warming at 1.5 degrees Celsius.”
We’ve already warmed 1.3 degrees since 1850. In that time the world has increased life expectancy by 40 years. The pandemic shortened LE by 2 years, but forget about that, keep making more viruses and focus on an undetectable change in temperature and give every cent we earn to Klaus Schwab and Al Gore. Does anyone think another .2 degrees is gong to make a difference?
And when will algore,Zuckerberg,Osama Obama and John Friggin Kerry sell their beachfront mansions and move to Colorado?
If they are progressives or members of GenZ; it WILL take four of them.
Interesting info, can you provide me a link so I can share with the climate idiots.Thank you.
Yep go and get a coal pot like the Africans do... Oh, where are the alarmists on the turd world?
All their hooey is the Marxist muslim assault on the rich developed world which they aspire to be a part of.
Worst part is our obamanites who are destroying this nation are on side with the enemies of America.
I recently learned that those "mini mountains" are actually giant rocks that were deposited there by a mile thick glacier that,thousands of years ago,enveloped all of what today is called New York City. That glacier disappeared long,long before the advent of the internal combustion engine,gas stoves,air conditioning,etc.
How could that possibly have happened?
You are ALL missing my point. I think CO2 capture is STUPID.
If “they” capture all this CO2 because it’s soooooo bad, what happens if suddenly leaks out?
This capture idea is the same as shutting down “safe” pipelines to use rail cars traveling over poorly maintained rails and then pissing and moaning that a derailment causes an environmental disaster. In other words Short Sighted Stupidity on the Left causes REAL Problems for Real People.
Safer Carbon Capture and Storage
https://wattsupwiththat.com/2021/12/29/safer-carbon-capture-and-storage/
Carbon Capture & Storage: ExxonMobil’s Big Political Play
https://wattsupwiththat.com/2023/03/08/carbon-capture-storage-exxonmobils-big-political-play/
“Plant more trees, grow more crops, raise more lawns. The problem solves itself. Become truly “green”!”
Until the volcano offset, or the rocket offset, or the forest fire offset, the tectonic plate venting, the...
It’s cyclical even with the rocket launches. Rockets hardly add to the percentages.
Sound like a whole lotta suckin goin on down here...
I gallon of gasoline produces 19.55 pounds of CO2. They want to subsidize carbon capture at 180 dollars a ton.
19.55lbs/2000 lbs x $180 = $1.75 That is the subsidy per gallon of gas. Where will they get this money? The answer is simple. It will be a Federal Gasoline Tax.
They want to kill the internal combustion engine, except for themselves. They want us to live in high density housing like the old Soviet Union and take public transportation. We will live in our little box of an apartment and do as “Big Brother” instructs us.
George Orwell was right.
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