this post was submitted on 11 Aug 2023
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The US just invested more than $1 billion into carbon removal / The move represents a big step in the effort to suck CO2 out of the atmosphere—and slow down climate change. (archive.ph)
submitted 1 year ago by L4s to c/technology
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The US just invested more than $1 billion into carbon removal / The move represents a big step in the effort to suck CO2 out of the atmosphere—and slow down climate change.::undefined

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[–] [email protected] 3 points 1 year ago (1 children)

There's this concept of CO2 trading in europe. Basically a very dirty compania buys certificates from cleaner ones (or CO2 negative companies, like that hypothetical tree burying company). These allow dirtycorp. to pollute the air, while giving clean Inc. the ability and the monetary resources to pull CO2 from the air.

[–] beaubbe 2 points 1 year ago

Interesting! In Canada we have a carbon tax, which incentivize companies to pollute less, but does not help companies that are carbon-negative. I like the european way better; but as I stated, it requires governments to manage this, as these certificates are a fictous constraint anyway.