(no title)
gersh
|
2 years ago
There are about 37 billion tons of CO2 emissions per year. If you could get the price down to $100/ton, you can get the world net zero for $3.7t/year. US GDP is 25 trillion/year. World GPD is about 96.5 trillion. So, it would cost about 3.8% of world GDP per year. World global military is about $2.2t/year, so it would be higher than global military expenditure, but somewhat theoretically possible. If you substantially reduced emissions, it might be feasible to use carbon capture for the rest.
alexey-salmin|2 years ago
That is the price of a ton of coal. Buy it from China BEFORE it gets burned and you have a sensible strategy.
Sucking it back from the atmosphere AFTER burning takes 10x more energy which is complete insanity. "Getting price down" and "when it scales" is an utter misunderstanding of the situation. Scale doesn't defeat the laws of physics.
gersh|2 years ago
rayiner|2 years ago
Dylan16807|2 years ago
And then that money funds more mines to get coal out of the ground faster.
> Sucking it back from the atmosphere AFTER burning takes 10x more energy which is complete insanity.
Part of the plan needs to be capture at power plants. Another part of the plan needs to be heavy taxes for releasing CO2. If someone needs the convenience for some use case, let them pay the capture price.
AnthonyMouse|2 years ago
Clearly at least one of these is wrong, because we can't simultaneously have a big surplus and have to reduce consumption, so which one is it?
strken|2 years ago
If e.g. smelters still need to use coal, then an energy surplus doesn't help them. If carbon capture is expensive even with virtually free power due to wages and infrastructure, the capture cost was reflected in the price of steel, and demand for steel is elastic, then we'd both capture more carbon and reduce steel consumption.
hakfoo|2 years ago
Electricity infrastructure used to be defined by the factories that run from (say) 9AM to 5PM. The grid has to be sized mostly for their needs, and baseload power (fossil, atomic, hydro) are sized for it, This is slow and costly to spin up and down. You see this reflected in things like utility "time of use" plans, where they offer you dirt-cheap energy at 2AM if you're willing to pay a penalty at 3PM. They'd love for you to sop up the glut by running a Bitcoin miner or chilling your house to 15C overnight.
Renewables move on a dime by comparison. If we need n GW of power at the peak time of 5PM, depending on the yield factors of local solar/wind/tidal/etc, we may end up with an infrastructure that generates 3n or 5n at other times of day. A lot of thinking has gone to batteries/molten salt/pumped hydro as ways we can store that surplus for later needs, but we can also direct the glut into processes that are energy-intensive and only economically viable in a power-too-cheap-to-meter scenario.
The CO2 scrubbers could be a viable sink for that excess power once we've got enough grid-scale storage.
AnthonyMouse|2 years ago