Creating Markets for Captured Carbon
January 13, 2022
In order to avoid dangerous changes caused by a warming climate, it will be necessary not only to reduce new carbon dioxide emissions but also to remove carbon dioxide accumulated from past emissions, Evvan Morton and her colleagues write in Issues. To support carbon removal efforts, a trio of economists propose harnessing the power of markets. They call for governments or nongovernmental organizations to set a price on carbon removal, then commit billions of dollars to the cause, specifying how much they are willing to pay to private companies for a given amount of carbon dioxide removed from the atmosphere.