this post was submitted on 28 Jul 2023
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[–] Spzi@lemm.ee 5 points 1 year ago

Let's fix that with carbon pricing: tax & dividend, applies to emissions but also captured atmospheric carbon, stored underground.

So every participant in the carbon marked pays for what they emit.

The revenue can be split among:

  • Funding removal
  • Distribute per capita to make the tax progressive
  • Fund things like renewables

This could

  • make it profitable to run efficient carbon removal
  • net pay people who manage to live a low-footprint life

It always would

  • create incentives for everyone involved (private people, investors, corporations, research) to make decisions which reduce emissions, if only to save / earn money.

Price point: Take the current average price for removing one unit of greenhouse gas. Emitting one unit costs that much, increased by a factor (to fund more than just removal, or to achieve negative emissions).