this post was submitted on 11 May 2024
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What a giant waste of resources.
Right? It sequesters 0.0001% of our annual carbon output. They say they hope to reduce the cost to $400-$600/ton by 2030 so,even using their 2030 estimate, this plant cost $14.4M - $28.8M. To sequester 1% of our current carbon emissions per year would cost $144B - $288B. $7.2T - $14.4T to do 50%.
This doesn't sound like a productive use of the limited R&D funds that go into combating climate change.
We need some solution to offset mandatory or near mandatory carbon costs though. Obviously as long as we are using carbon for energy production outside of very specific use cases, its a non starter as a scale solution. But things like farming still generate carbon, and we don't have realistic non-carbon options for planes/rockets. The R&D for that also needs to start now. Or like, 30 years ago.