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 income
A 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 income
Want 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 -
1 comments:
So phase one is proof-of-concept. It is an impressive and emotive video but I wonder how phase one really looks. Commercial conversion of CO2 from carbon-containing streams such as power plant effluent is currently not possible. Can the price on carbon at $25 per tonne offset the energy costs involved in capturing, liquefying and sequestering it? I doubt it. This video lacks so much detail that it's only good for the gullible. Personally, I'd like to see carbon capture work but to this point the signs are that it's not economical, so this video is just hype from my point of view.
Post a Comment