. @stripe's commitment on carbon sequestration. I hope a lot more companies start to do this: https://stripe.com/gb/blog/negative-emissions-commitment …pic.twitter.com/PAU81izx9L
Searching for the numinous. Co-purveyor of https://quantum.country/
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. @stripe's commitment on carbon sequestration. I hope a lot more companies start to do this: https://stripe.com/gb/blog/negative-emissions-commitment …pic.twitter.com/PAU81izx9L
If the cost of scalable sequestration can be brought down to order $10^1 per tonne, then (US-wide) negative emissions starts to look comparable in cost to the Clean Air Act (according to the EPA's numbers).
Of course, we're 1 to 2 orders of magnitude away from that price point today. But commitments like this will start to drive the price down, underwriting improvement in sequestration technology.
Have you seen any evidence that it would be possible to get near $10/tCO2 for DAC? I’m assuming it’ll end up around $100/tCO2, which is still plenty cheap for producing carbon-negative fuel ($1/gal extra) for aviation etc.
I've no idea - as I think we've discussed previously, the tech is all over the place at the moment (see, e.g., the National Academies Report). My general impression is just that no-one's tried very hard, at scale - it's not a though billions of dollars have been put into this.
All very true. Given the thermodynamics and kinetics, I’m skeptical that even $1B would bring DAC costs below $50/tCO2, but even at $100/tCO2 we‘ll have all the tools we need to cost-effectively solve climate change.
I must admit, almost every negative or no-go argument I've ever heard about quantum computing turned out to be wrong. Including, in some cases, me disproving arguments I'd made. Which is the right kind of egg one wants to have on face. But it's made me skeptical of skeptics.
For the record, I’m extremely bullish on DAC, and would love to see more investment there. I just don’t think we need $10/tCO2 CDR, and don’t want to see us wait to start deploying it. DAC+EOR is cheaper today than LCFS+45q, so we should be deploying it, not just R&Ding it.
Of course not - I just think the number is interesting because it's the right ballpark for rough parity with the costs of the Clean Air Act.
Another interesting comparison I saw recently is between RPS and carbon tax costs and the health costs from local air pollution. Even ignoring the SCC, any policy that shuts down coal plants is cost-effective. Makes you wonder if we could more strongly enforce CAA BACT req’t.
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