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by jasonlaramburu
1696 days ago
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>That means just in order to capture a single year worth of CO2 output will cost us 5 Trillion USD (5.000.000.000.000), which is around 6 % of the worlds' GDP. The US is expected to spend a total of $6T on COVID relief with the passage of the Biden Plan (around $4T was already spent under the Trump administration)[1]. It's debatable whether or not this spend 'worked' as intended. Investing in carbon removal will create entirely new industries. Rather than paying people to stay at home, it will create skilled tech jobs for Americans. In terms of justification, emissions reductions alone won't stop climate change at this point. It will take centuries for natural processes alone to remove our historical greenhouse gas emissions [2]. [1] https://www.foxbusiness.com/economy/us-spending-on-covid-rel...
[2] https://www.npr.org/2021/04/14/981333730/carbon-emissions-co... |
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