{"id":318228,"date":"2024-04-16T17:44:44","date_gmt":"2024-04-16T15:44:44","guid":{"rendered":"https:\/\/climatescience.press\/?p=318228"},"modified":"2024-04-16T17:44:46","modified_gmt":"2024-04-16T15:44:46","slug":"100-billion-per-year-needed-for-us-carbon-removal","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=318228","title":{"rendered":"$100 Billion per Year Needed for US Carbon Removal"},"content":{"rendered":"\n
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From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

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The demand for $100 billion per year, to fix a problem which only exists in the fevered imagination of broken computer models, is beyond parody.<\/p>\n\n\n\n

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The U.S. Will Need to Spend $100 Billon a Year on Carbon Removal<\/strong><\/p>\n\n\n\n

APRIL 11, 2024
BY CORBIN HIAR<\/a> & E&E NEWS<\/a><\/p>\n\n\n\n

The U.S. needs to vastly increase taxpayer spending on direct carbon removal technology to meet President Biden\u2019s climate goals, the Rhodium Group says.<\/p>\n\n\n\n

CLIMATEWIRE |<\/strong> The U.S. government needs to spend roughly $100 billion annually on carbon dioxide removal by 2050 to help the world avoid extreme climate change, according to an analysis released Wednesday.<\/p>\n\n\n\n

That\u2019s 20 times more than what lawmakers committed to in landmark climate bills that aimed to jump-start the development of carbon removal technologies and companies, the Rhodium Group estimated. For context, the sum is also about as much as the entire budget of the Department of Agriculture.<\/p>\n\n\n\n

The new analysis<\/a> comes amid a fierce battle for control of Congress, the White House and the future of U.S. climate policy. The Republican Party is rallying behind former President Donald Trump, whose campaign has promised<\/a> that if reelected he would \u201coppose all of the radical left\u2019s Green New Deal policies.\u201d<\/p>\n\n\n\n

But Rhodium\u2019s calculations could also bolster progressive critics of carbon dioxide removal who view government subsidies for the costly technology as a distraction in the fight against rising temperatures. Carbon removal companies use a variety of natural and engineered approaches to boost the carbon absorbing capacity of the planet.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.scientificamerican.com\/article\/u-s-carbon-removal-needs-have-a-usd100-billion-price-tag-per-year\/<\/a><\/p>\n<\/blockquote>\n\n\n\n

Even Dr. Evil didn\u2019t have the arrogance to demand annual payments of $100 billion, he just wanted a one off payment.<\/p>\n\n\n\n

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