Skip to main content

View Diary: Stranded Carbon Assets: Wall St. Asking Questions (25 comments)

Comment Preferences

  •  The question is not whether we will be fried (1+ / 0-)
    Recommended by:
    maggid

    but how deeply and for how long before we start to pull ourselves out of it.

    We can see that we are approaching the Tipping Point known as Grid Parity for renewable energy vs. carbon, because the markets are turning against coal, and with improvements in technology and much wider deployments we will gradually shut down all of the coal-fired power plants. We can see a technology path to a smart grid, to electric cars, and to biofuels for other forms of transportation over several decades. We can see a combination of market forces and political evolution that will eventually allow us to get rid of carbon subsidies and impose carbon taxes (possibly with rebates to the public as a carrot for the public, as in Alaska). We can see vast opportunities for efficiency and conservation.

    Once we start to win the political battle, we can also see a path to genuine science education on this subject in the schools and in the media alike.

    With all of that, we see a path past Peak Carbon to a steady decline that should bring us down well below current emissions worldwide, even to a point where we stop increasing CO2 in the atmosphere. Then we have the problem that CO2 will stay in the atmosphere and oceans for centuries if we cannot find a way to extract it.

    There have been proposals for geoengineering projects to do just that, but they all have obvious risks of ecological damage that would have to be investigated and evaluated before we could try any of them at full scale. David Keith was just on Colbert talking about this, which is the theme of his book, A Case for Climate Engineering.

    So the temperature is going to go up significantly higher than we like for much longer than we like, and will do far more damage than we like. Then we will most likely mostly recover, except for whichever species go extinct in the process, and whoever gets drowned in the floods and such.

    Ceterem censeo, gerrymandra delenda est

    by Mokurai on Mon Dec 09, 2013 at 10:01:22 PM PST

    [ Parent ]

    •  We've found a way to extract it (0+ / 0-)

      Every time we plant a seed or root a cutting, we start a process that extracts CO2 from the atmosphere.

      A big contributor to the rise in CO2 levels is deforestation, because there are fewer CO2 extraction devices in operation.  Had there been re-forestation going on instead of de-forestation, we would not be seeing the effects of climate change approaching with such rapidity.

      Similarly, producing biochar from biomass is another way to get carbon into the ground, and it even improves the soil when you do it.

      •  What can we plant that grows quickly and works? (0+ / 0-)

        I have a tiny 2000 square foot space. I can't plant anything tall in it. . What perennial could I plant to make a difference?

        •  Willows? (0+ / 0-)

          They can produce a large amount of biomass in a couple three years.  Willow copses can be managed sustainably to produce biomass and if some of that biomass is converted to biochar and added to soil, even more carbon gets sequestered.

Subscribe or Donate to support Daily Kos.

  • Recommended (151)
  • Community (65)
  • Elections (43)
  • Civil Rights (38)
  • 2016 (32)
  • Culture (32)
  • Baltimore (28)
  • Economy (27)
  • Environment (27)
  • Texas (27)
  • Bernie Sanders (27)
  • Law (27)
  • Hillary Clinton (24)
  • Labor (23)
  • Rescued (21)
  • Health Care (21)
  • Barack Obama (20)
  • Republicans (19)
  • International (18)
  • Freddie Gray (17)
  • Click here for the mobile view of the site