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by vkou 2937 days ago
So, about 5 cents per gallon of gas?

That is a complete joke.

2 comments

Coal prices vary, but can be as low as $50/ton. If you set the price for carbon burial much higher than that, it enables a business model you might not want to encourage.
You mean burning coal and capturing carbon back to profit from the price spread?
I think they mean digging up coal and burying it in the ground again. Carbon captured, mission accomplished!
The current spot price for a short ton of coal is $40 [1], if it stays this low for a while, and the subsidy is in fact above that price, then watch out for some "business model innovation" in this space.

[1] http://www.infomine.com/investment/metal-prices/coal/5-year/

Its one of the higher non-gas tax incentive schemes in the world actually. Of course that's not saying much.