“All the new hype about CO2 capture from the atmosphere is misplaced, focusing on the most energy-wasteful, expensive methods!
This new “goldrush” is partly the consequence of a new subsidy in the new US tax law that gives $50 per ton to coal-power plants and $30 per ton for the new methods and start-ups that capture CO2 net. from the atmosphere….driven by special interests.
This ignores the least-cost ,most viable lowest route: shifting food sources toward saltwater agriculture. e. g. quinoa and China’s markets for premium priced salt-tolerant rice, and other crops grown in 20 countries, on the planet’s 40% of degraded lands.
We detail this investment shift needed and some of the investor groups, e.g. FAIRR (with $5 trillion AUM) with their new Index of the risky meat-producing and selling companies which may become stranded assets, as protein from plants and vegetarianism takes over. See our Green Transition Scoreboard® 2018 “Capturing CO2 While Improving Human Nutrition and Health”.
~Hazel Henderson, Editor”
By Jan Lee
This may be the year for carbon capture technology. A small plant in Texas is transforming fuel production as we know it, proving that it may not be necessary to have a separate plant to capture carbon during fuel production. But will it work on a global scale?