The poor performance of the Climeworks direct air capture plant in Iceland should be a turning point. Not just for one company, but for an entire class of false solutions.
Mostly hype without any comparison with a carbon tax.
Take the suggested cost of about $1,000 kwh per ton; combine that with the price of electricity, say $0.1 per kwh and you get $100 per ton of carbon, an amount comparable to a carbon tax.
The details are important here, but in many cases it may be cheaper to do DAC than pay a carbon tax. Airlines are a good example.
Mostly hype without any comparison with a carbon tax.
Take the suggested cost of about $1,000 kwh per ton; combine that with the price of electricity, say $0.1 per kwh and you get $100 per ton of carbon, an amount comparable to a carbon tax.
The details are important here, but in many cases it may be cheaper to do DAC than pay a carbon tax. Airlines are a good example.