Well, yeah, it's really hard to send money to carbon capture when it's hard for 99.99% of voters to even begin to quantify the value of a ton of carbon captured.
I'm all for carbon capture as a technology, but if a company was to take $100 from me as a service for capturing my carbon, I literally have no way of knowing what I am even getting for my money. And it sounds like the same is true even at a utility/national level.
Go back to economics 101. Rational consumers purchase at the margin. Carbon capture is still only an irrational action.
If we want to have any progress on global warming, CRD or not, we really need to start price setting the value of carbon.
It's hard to sell CO2 capture unless all governments start enforcing it, don't expect free market forces to solve it by itself. CO2 capture has to be the side-effect of other useful, incentivised and subsidised economic activity.
E.g. we build everything in concrete and glass nowadays (a huge source of CO2) while we could build with wood (an actual proven form of CO2 capture), but there are zero incentives for timber production and construction.
I'm all for carbon capture as a technology, but if a company was to take $100 from me as a service for capturing my carbon, I literally have no way of knowing what I am even getting for my money. And it sounds like the same is true even at a utility/national level.
Go back to economics 101. Rational consumers purchase at the margin. Carbon capture is still only an irrational action.
If we want to have any progress on global warming, CRD or not, we really need to start price setting the value of carbon.