this post was submitted on 01 Sep 2023
164 points (96.6% liked)
Europe
8485 readers
1 users here now
News/Interesting Stories/Beautiful Pictures from Europe ๐ช๐บ
(Current banner: Thunder mountain, Germany, ๐ฉ๐ช ) Feel free to post submissions for banner pictures
Rules
(This list is obviously incomplete, but it will get expanded when necessary)
- Be nice to each other (e.g. No direct insults against each other);
- No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
- No posts linking to mis-information funded by foreign states or billionaires.
Also check out [email protected]
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You do not have linear costs of removal. Just letting nature be has no additional costs, but in the amount necessary extreme opportunity costs.
Technical systems might have a theoretical cost, but practically any energy put into removing CO2 from the atmosphere is much better put into not using fossil fuels to produce energy for a different purpose.
Meanwhile the cost estimates for the damages incurred are in regions of 200-500 โฌ/tonne now. So unless we also properly tax imports and other countries also do carbon taxing, it will be the death to any industry.
An increasing carbon tax is an important instrument, but it can only be part of many measures, most importantly ramping up the renewable production by all means.
France is trying to set up something like that for electric vehicle.
They want to stop subsidizing electric car from China, but with European regulation they can't add a tariff according to the country.
So instead they the government will subsidize only electric vehicle that emitted less than X kg of CO2 for its production.