The question is how we can best get carbon air capture started.

With so many local things to fund (financial assistance for the poor,
subsidies for solar energy, building insulation, electric cars, etc),
what incentive is there for a country to fund air capture?

Aviation causes lots of emissions. So, politicians are proposing all
kinds of ways to make conventional jet fuel more expensive. However,
what guarantees do they give that the proceeds will help reduce
greenhouse gases? The proceeds may well end up in countries like India
and Pakistan and cause people there to buy more polluting cars and eat
more meat. Politicians may promise anything to get elected, without
having to demonstrate that their proposals will indeed make any
difference. By contrast, we should come up with proposals that are
indeed effective in reducing greenhouse gases.

One proposal is for aviation, by international agreement, to offset
carbon emissions by means of fees imposed on conventional jet fuel,
with the proceeds of those fees used to directly fund carbon-negative
activities, e.g., carbon air capture and storage, biochar burial,
afforestation, etc.

Another proposal calls for an international agreement to reduce
greenhouse gases, with reduction targets set for each country to
reach. Local politics could decide how to reduce greenhouse gases,
provided that the internationally agreed targets are indeed reached.
Tariffs would be imposed on products imported from countries that fail
to reach targets, and the proceeds of these tariffs would then be used
to fund carbon-negative activities. Such carbon-negative activities
could take place anywhere in the world. Market mechanisms can then
sort out which methods are most cost-effective in reducing greenhouse
gases, all government needs to do is to channel the proceeds of these
tariffs to funding of activities that capture carbon and store it.

Each of these propositions would get things like carbon air capture
started in a big way. The promise of such funding will attract
investors and business activities, while there's government
supervision over the funding to ensure that things are done in clean
and safe ways.

Cheers!
Sam Carana



On Sun, May 10, 2009 at 8:23 AM, dsw_s <[email protected]> wrote:
>
>> it is more economically sensible to tax where substitutes are readily 
>> available.
>
> If you're taxing to change behavior, yes.  If you're taxing to raise
> revenue without distorting markets, no.  If we tax high-carbon
> activities to fund mitigation in other areas, we're taxing for
> revenue; if we tax high-carbon activities to encourage substitution of
> lower-carbon alternatives, we're taxing to change behavior.  I don't
> immediately see a reason to prefer one over the other, rather than
> just going with cap-and-trade that's indifferent between having people
> substitute or subsidize.
>

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