this post was submitted on 27 Oct 2023
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Carbon Dioxide Removal (CDR)
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CDR is removal of CO2 from the atmosphere - an essential basket of technologies for achieving UN IPCC best outcomes to mitigate climate change. This is a community for discussing advances and issues of CDR.
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I'm a bit worried about the other responses in this thread automatically assuming this task will be performed by the private sector. That line of neoliberal thinking helped get us into this mess and I don't think it will get us out. The government should be doing the research and eventually the removal and storage. There's never going to be a market force that pursuades the private sector to do it, so the public sector should just take on the task.
I'm probably wrong, but this is what I'd prefer. Imagine someone connected to an old oil company getting richer removing carbon that their grandparent got rich putting in the air. That would be insanity.
From what I am reading, the agencies we might imagine as having a role in direct research have been almost completely stripped of that capability over the last few decades by relentless budget cutting. So the entire focus of CDR development nowadays seems to be two forks: policy initiatives to create market incentives for CDR activities, and grant programs to fund basic research by large and small organizations (with the basic capability to pursue grants). For sure some of that is being siphoned into oil companies.