It's easy to find criticisms of a carbon price and emission trading schemes. Reading these criticisms you could easily come to the conclusion that money ends up flying off to governments or foreign countries.
Information on how to earn an income from a carbon price is pretty scarce.
Every cloud has a silver lining and carbon pricing schemes are no different.
Suppose an industry can cheaply collect carbon dioxide from the atmosphere and store it.
- It makes a lot of sense to pay this industry to collect as much carbon dioxide as possible.
- If it can collect carbon dioxide for, say, half of the cost that would be incurred by a power station to prevent the carbon dioxide being emitted in the first place, then it is obviously cheaper, and more profitable, to collect it later and DON'T BOTHER preventing the carbon dioxide being emitted by the power station.
Collecting carbon dioxide for extra incomeA couple of ideas on earning income by collecting carbon dioxide from the atmosphere as a byproduct from existing industries are described in the article Negative CO² emissions - Climate protection opens new business areas.
The Rumpke Sanitary Landfill near Cincinnati, Ohio collects landfill gas and upgrades it to pipeline-quality natural gas by separating carbon dioxide. No extra cost is involved. The process uses an XEBEC gas purification system. There is no new technology to be developed and commercialised.
|XEBEC’s systems are being used worldwide|
to effectively remove carbon dioxide (CO2)
from landfill, digester or well gas streams
Storing carbon dioxide for extra incomeWant a new industry that generates $10 billion revenue?
Store one billion tonnes of carbon dioxide at a price of $10 per tonne.Santos has designed one -