Posted on 04/18/2023 4:00:11 AM PDT by Oldeconomybuyer
(Reuters) - The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air.
Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas - the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology.
The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated.
While bids for the U.S. DAC hub funding were due on March 13, the government and some companies have yet to fully disclose details about the applications, many of which Reuters is reporting for the first time. The Energy Department expects to announce winning bids this summer.
Worsening climate change and inadequate efforts to cut emissions have thrust the issue known as carbon removal to the top of the agenda, and U.N. scientists now estimate billions of tonnes of carbon will need to be sucked out of the atmosphere annually to reach a goal of capping global warming at 1.5 degrees Celsius.
(Excerpt) Read more at msn.com ...
Oh my, not one or two or three but four people needed to write about this ridiculous and hare brained scheme.
A new day, a new installment of the global warming hoax propaganda show.
“brutal”
Total waste of resources. Sinful. Crazy.
It’s called a ‘tree’
95% of all the CO2 in the atmosphere comes from nature itself, only 5% is created by man. At the current level of 410 PPM, man is only adding approx. 21 PPM of CO2.
Those are the numbers the alarmists conveniently withhold from the public whenever they talk about climate change.
If you see the words “carbon capture” run away as fast as you can.
Can’t wait for Blue cities to mandate this. On top of eliminating cars and gas stoves/heaters.
You’ve gotta admit, it’s hard to spin this one.
Worth repeating . . .
The amount of CO2 in the atmosphere was reduced by about 90% during the last 150 million years. If this trend continues CO2 will inevitably fall to levels that threaten the survival of plants, which require a minimum of 150 ppm to survive.
95% of all the CO2 in the atmosphere comes from nature itself, only 5% is created by man. At the current level of 410 PPM, man is only adding approx. 21 PPM of CO2.
Those are the numbers the alarmists conveniently withhold from the public whenever they talk about climate change.
It’s simple destruction of our economy and way of life. The absurdity of it is meant to rub it in our faces.
Pulling carbon dioxide from the air - What a concept!
Trees, cultivated crops, grass, flowering plants, even pines and lichen all to this in the presence of moisture and sunlight.
Plant more trees, grow more crops, raise more lawns. The problem solves itself. Become truly “green”!
And nary a solar panel or windmill in sight.
Put Fusion GPS in charge and use Dominion voting machines to ‘capture’ the carbon.
But no one in the Feral Government can come up with any ideas on how to cut spending...
I saw this plot in the movie Space Balls.
YUP. More 🐂💩
How many tons of oxygen do they pull out of the air for every ton of carbon they pull out?
(may be sarcasm)
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