Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

What is required is for a third party -- government or quasi-governmental agency -- to create a market by offering to purchase CO2 and sequester it. This would incentivize conversion of cooling towers. The offered price need not be as high as present users of CO2 pay, but merely high enough to prospectively amortize capture equipment over a reasonable time.


There are some companies that are paying people to remove carbon from the atmosphere, but yes, we absolutely need more of them.

Stripe has become a huge leader in the space with Stripe Climate: https://stripe.com/climate

Microsoft is investing $1B into their Climate Innovation Fund to help them remove all of their historic carbon emissions by 2050: https://blogs.microsoft.com/blog/2020/01/16/microsoft-will-b...

Shopify is contributing $5M annually to remove CO2 from the air: https://www.shopify.com/about/environment/sustainability-fun...

And there are many other examples of big corporations stepping up to undo some of the damage done to the planet.

In the public sector, the state of CA operates the Low Carbon Fuel Standard, which has creating a marketplace for carbon credits (hovering at ~$200/ton now): https://ww3.arb.ca.gov/fuels/lcfs/credit/lrtweeklycreditrepo...

But yes, more is beneficial and will be helpful. We need as many shots on goal as possible!




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: