You could ask people how much they’d pay to keep chocolate or coffee, bananas, pineapples, or mangoes. Most of Florida’s coastline, about half of California. There are things that specialists disagree about, but all have no doubt that all those crops will not be cultivated (outside) if we stay the course. Florida and California are now seeing insurance companies bailing out, so we are moving from scientific certainty to economic reality.
Naturally, there’s more: most people think that Cajou nuts, açai berries, passion fruits, agave, prickly pears, should be on this list (because of temperature) but if we start looking at that, then people think pollinator collapse or opportunist infection are going to be there first… So I tried to make a conservative list.
Typically the answer to the question “What would you pay to keep those (chocolate, coffee, etc.)?” is that whatever cost to save those things is worth it. You can try to find numbers, but the US famously started wars to end democracies in several countries to grow just bananas (that gave us “Banana Republic”), so we are closer to amounts where it’s less money measured in many billions and more state-sponsored violence.
All that long rant to say: whatever is the cost of not destroying those, that is the “true” cost.
2. The cost of CO2 extraction and storage
With current rock-bottom electricity prices in Iceland, ClimateWorks research facility can extract CO2 for a bit more than $3,000 per ton (depending on accounting for research costs; that number is just OpEx IIRC).
To convert that to the cost of transporting goods, you can apply a ratio of 50 grams of CO2 per tonne-kilometer [1]. A 40-ton truck will have to pay $600 to compensate for every 100 km.
That sounds like a lot, even without considering the cost of storage.
ClimateWorks hope to lower the price by an order of magnitude [0], which specialists think is unlikely. In truth, much cheaper electricity makes electric trucks that much more appealing. You will never save any money by burning fuel and then spending energy trying to re-capture that CO2 at low concentrations. It’s engineering nonsense. A better idea would be to have trucks carry a balloon with their emissions and that’s obviously a clownish idea. All that, again, before we even have a scalable solution for storage. A cousin works on that project for Statoil. Sure it might work (with the right salt cave) but it’s nowhere ready to scale to handle emissions from trucks all over the world.
So we will never be even close to making ICE trucks a sound idea if we consider the environmental impact.
1. The consequences of global warming
You could ask people how much they’d pay to keep chocolate or coffee, bananas, pineapples, or mangoes. Most of Florida’s coastline, about half of California. There are things that specialists disagree about, but all have no doubt that all those crops will not be cultivated (outside) if we stay the course. Florida and California are now seeing insurance companies bailing out, so we are moving from scientific certainty to economic reality.
Naturally, there’s more: most people think that Cajou nuts, açai berries, passion fruits, agave, prickly pears, should be on this list (because of temperature) but if we start looking at that, then people think pollinator collapse or opportunist infection are going to be there first… So I tried to make a conservative list.
Typically the answer to the question “What would you pay to keep those (chocolate, coffee, etc.)?” is that whatever cost to save those things is worth it. You can try to find numbers, but the US famously started wars to end democracies in several countries to grow just bananas (that gave us “Banana Republic”), so we are closer to amounts where it’s less money measured in many billions and more state-sponsored violence.
All that long rant to say: whatever is the cost of not destroying those, that is the “true” cost.
2. The cost of CO2 extraction and storage
With current rock-bottom electricity prices in Iceland, ClimateWorks research facility can extract CO2 for a bit more than $3,000 per ton (depending on accounting for research costs; that number is just OpEx IIRC).
To convert that to the cost of transporting goods, you can apply a ratio of 50 grams of CO2 per tonne-kilometer [1]. A 40-ton truck will have to pay $600 to compensate for every 100 km.
That sounds like a lot, even without considering the cost of storage.
ClimateWorks hope to lower the price by an order of magnitude [0], which specialists think is unlikely. In truth, much cheaper electricity makes electric trucks that much more appealing. You will never save any money by burning fuel and then spending energy trying to re-capture that CO2 at low concentrations. It’s engineering nonsense. A better idea would be to have trucks carry a balloon with their emissions and that’s obviously a clownish idea. All that, again, before we even have a scalable solution for storage. A cousin works on that project for Statoil. Sure it might work (with the right salt cave) but it’s nowhere ready to scale to handle emissions from trucks all over the world.
So we will never be even close to making ICE trucks a sound idea if we consider the environmental impact.
[0] https://www.unesco.org/en/articles/carbon-capture-and-storag...
[1] https://www.transportenvironment.org/wp-content/uploads/2021...