We all face an existential threat.
The threat of climate failure.
It is clear that we have solutions.
It is clear that we can pay for the solution.
Clear in that we find a way to spend a zillion dollars on military stuff.
Need a mechanism to use those to fund these solutions while maintaining defense.
How, but how do we fund these solutions?
Yet, we do have money to prepare annihilation of other forms of sentitent life.
If we use the money we spend preparing to annihilate each other, we’d have $1.67T per year (2018).
It won’t be 81 years from now before we stop this anti-civilization measure and reduce defense spending to 5% of what is spent on education. Is it 82 years? No, it’ll be 82 years from now. (check paper, March 5, so …)
The equivalent of nearly 37 billion tonnes of waste carbon dioxide.
1% solution. $16.7B
“When carbon dioxide is delivered at 15 MPa, the design requires either 8.81 GJ of natural gas, or 5.25 GJ of gas and 366 kWh of electricity per ton of CO2 captured. Depending on financial assumptions, energy costs, and the specific choice of inputs and outputs, the levelized cost per ton CO2 captured from the atmosphere ranges from $94 to $232 per ton of carbon dioxide.”
The exhaust from a coal-fired power station is around 10% carbon dioxide, however, whereas the level in the atmosphere is a mere 0.04%. But scientists working on air capture suggest that this difference is not as significant as it may seem, and that the kinds of industrial methods needed to strip CO2 from the air have already been proven in industrial processes such as papermaking.
1% of GDE = Remove 160,000,000 tons Global Defense Expenditures
160,000,000 / 37,000,000,000 = .4%
Asked when you would be using calculus, at least my kids do, but finally …
well, still not using calculus. Just move this dot.
10% GDE = 1,600,000,000
1,600,000,000 / 37,000,000,000 = 4%
Now we are using calculus. To save the planet …
Increase GDE to GCR from 1% to 20% in 10 years
8,000,000,000 carbon removal
20% reduction of emissions
Net job creation from reducing emissions = 5,000,000
Annual GDP growth = .8% increase = $800,000,000,000
Net global tax revenue (20% of GDP) = $160,000,000,000
Reinvest $100,000,000,000 in tax credits = more jobs = more removal
Tipping point of funding carbon removal and climate change roll back is only 10% of GDE to GSR.
Every 1% transfer reduces carbon and increases employment and GDP +++ less global tension.
One way in which air capture and renewable energy might fit together, however, would be to divert excess power from wind farms to air-capture systems. Wind farms sometimes produce more power than utilities can use, particularly if it gets windy at night, when electricity demand is low. Some utilities turn off their wind turbines to avoid overloading their grids. Dr. Lackner suggests diverting it instead to air-capture systems. In theory, air-capture systems could then operate at a profit by generating carbon offsets that could be sold on carbon-trading markets. Dr. Lackner even suggests selling such offsets at petrol stations, along with fuel.
TIPPING POINT: only 10% … keep increasing GDE to %?
and solve more problems!!
Solar energy job creation:
Every million invested = 9.8 jobs Direct 5.4, Indirect 4.4
Wind energy job creation
Every million invested = 9.5 jobs Direct 4.6. Indirect 4.9
Average wage: $40,000 https://www.glassdoor.com/Salary/Solar-Energy-World-Salaries-E421133.htm
Net 5 jobs over coal, natural gas, oil.
We can productively use $1T of investment.
Tax revenue = net increase of $36,000 per $1M invested.
(5 net jobs x $40,000 average wage) x (Tax revenue =18%) = $36,000 net tax revenue
$1,000,000 equipment = $170,000 tax revenue + $36,000 = $207,000
20% tax credit.
50% financing = additional GNP growth
Borrowing increases the money supply.
(Increased money supply)^(velocity of money) = ($500,000) (1.7) = $850,000
$850,000 x 18% = $153,000
$170,000 + $153,000 + $27,000 = $350,000
Tax revenue = Equipment + Increased employment + Increased Money Supply
Every $1 borrowing = (increased money creation) x (velocity of money)
$7B carbon capture +
$10B carbon capture + solar + wind
When we get to 25%, tipping point. Fund all cc solutions.
And the world is a less hostile place.
Cost of not funding solutions?
The cost is $67T.