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by hedora
1891 days ago
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The carbon tax should be earmarked to be spent capturing carbon, and cover about 2x the emissions of the power generated. A handy rule of thumb, for gasoline: A gallon of gas produces 20lbs of CO2. A ton is 2000lbs. If a carbon capture technology costs X dollars per ton, it costs X cents per gallon. Most carbon capture technologies will be in the $15 to $85 per ton range when they scale. Therefore, a $1/gallon gasoline tax (and equivalent for coal, etc), would be enough to solve climate change. |
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