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
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
How would a company make money by dumping trees in holes?
It should be a government effort to do something like this. At least planting trees, no need to cut them for decades anyway. We would need an insane amount of tress for that to work too, basically as many as we burned as oil since the industrial era…
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.
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.