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A team of scientists at Harvard University and a company called Carbon Engineering announced this week that they’ve figured out a low-cost, industrial-scale method of pulling carbon dioxide out of the atmosphere. Needless to say, it sounds like an exciting technology, which would, as The Atlantic’s Robinson Meyer notes, “transform how humanity thinks about the problem of climate change.” //
The paper claims that companies will be able to remove a metric ton of carbon dioxide from the atmosphere for as little as $94. The cost of averting less than one degree of warming by 2100, according to some, would have cost around $2 trillion every year for a century — which doesn’t include the economic toll it would extract from the world’s economy. //
For many environmentalists, all this will be welcome news. I doubt it will be for the politically motivated climate warriors, whose aim has always been social engineering in the cause of curbing capitalistic excesses. Even if decarbonization is successful, they will demand we continue to mandate inefficient renewable energies. They will demand tax dollars be used to prop up the clean-energy industry. They will continue to demand we ban fracking. They will continue to propose creating fabricated markets that artificially spike the cost of fossil fuels to pay for supposed negative externalities.
But, as a political matter, it’s going to be a lot more difficult to sell those policies when they can no longer claim the apocalypse is nigh.