[geo] Re: Funding air capture and CCS

Fri, 08 May 2009 09:10:32 -0700

"green crude" technology looks like a promising part of energy generation.

http://www.sapphireenergy.com/press_release/4

Unfortunately, since it uses conventional refineries, it gives the oil companies another way to destroy competition.

[email protected]

-----Original Message-----
From: Andrew Lockley
Sent: May 8, 2009 10:45 AM
To: [email protected]
Cc: Sam Carana , geoengineering
Subject: [geo] Re: Funding air capture and CCS

I believe such taxes would contravene the Warsaw convention


A

2009/5/8 John Nissen <[email protected]>
Hi Sam,
 
You wrote on your blogspot:
 
"In conclusion, it would make sense to impose fees on conventional jet fuel and use the proceeds of those fees to fund air capture of carbon dioxide."
I would go further, and have a fixed levy on all fossil carbon extraction: enough levy to pay for air capture and putting more than the same amount of carbon back in the ground.  Fuels would become very much more expensive for everyone, but fuel use would help to reduce CO2 levels, since more carbon would be put in the ground than taken out.  There would be a rebate where fuels were used with CCS, to give a financial incentive for the CCS.  (Effectively CCS would be paid for out of proceeds of the levy, according to how much CO2 was captured and sequestered.)
 
BTW, I have suggested this to Prof Hansen, who is attacking the cap-and-trade system as the "temple of doom" here:
 
Cheers,
 
John
 
 





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