If electricity is sufficiently cheap it can be cheaper to capture carbon from the atmosphere for chemical industry than to use oil or coal there.
Carbon dioxide a tiny fraction of the atmosphere, even in concentrations which are immediately harmful to human life.
At the moment it's 400 parts per million. So in order to extract 1kg of Carbon Dioxide from the atmosphere you have to pump 2500kg of air through the system. This alone makes it unlikely we can do this profitability.
You then need to extract the carbon dioxide using some technique which will probably involve cooling or pressuring that volume of air. Before finally transforming carbon dioxide, a very stable chemical compound, into a reagent which is actually useful (probably carbon monoxide).
Terraform Industries (and others, like Synhelion) has a plausible if slightly optimistic target to be price competitive with fossil fuels for methane in the early 2030s.
Some places with very cheap to extract hydrocarbons like Saudi Arabia may be able to compete for a very long time, but there are many futures where most of humanity's hydrocarbon consumption (including the ones used for the chemical industry, plastics, etc) derives from atmospheric carbon.
And this can happen fast, the world (mostly China) has developed a truly massive manufacturing capacity for PV.
If such a technology was possible then it would be far better to start with carbon capture from existing emitters. The concentration of CO2 being easily 3 orders of magnitude higher.
Higher CO2 concentration is better but certainly not needed, it doesn't make or break the economics.
Will it be that cheap? I think so, given that trees and grass etc. exist and get their carbon from the air.
This actually means I'm also worried about something currently impossible: that when we do develop the tech sufficiently to be useful, if it's cheap enough to be profitable, nothing would seem to stop extraction. So CO2 goes down to, what, 300ppm? Pre-industrial? Ice age? Same coin, other side. We want to flip a coin and have it land on the edge.
A single world government could organise to fix this either way, but as all leadership roles come with the risk of the leader being fundamentally bad, this isn't something I'd advocate for either.
This is an extremely improbable scenario, for several reasons:
1) If you actually use the extracted CO2, then it gets re-emitted on use, and the atmospheric concentration is virtually unaffected.
2) Concentration difference alone makes it very unlikely that we'll ever extract CO2 as cheaply as O2 from ambient air (or carbon from a mine), and CO2 is not really an appealing ressource compared to its components, either (so demand would presumable be pretty low for centuries, even if the price comes down a lot).
Depends what you use it for, e.g. synthetic diamond windows won't re-emit unless they catch fire.
> 2) Concentration difference alone makes it very unlikely that we'll ever extract CO2 as cheaply as O2 from ambient air (or carbon from a mine), and CO2 is not really an appealing ressource compared to its components, either (so demand would presumable be pretty low for centuries, even if the price comes down a lot).
Underestimating how big an industry would get is the mistake Svante Arrhenius initially made, thinking it would take millennia to emit enough CO2 to cause noticeable global warming.
And remember, with this concern I'm inherently presuming tech (mainly energy) that makes it sufficiently cheap that business and/or governments are willing and able to remove in the order of at least one teratonne of the stuff (but hopefully not two or more teratonnes) — because less than that, it's not solving global warming.
I don't see a future where technologies which are massively inefficient reach their break even cost before other energy intensive activities or more efficient grid scale storage soak up the excess.
And yes “energy” in general won’t be free. We still need to build the generation and distribution systems. But we reached a point where just dumping solar on all _new_ roofs rounds to essentially free (the costs are the labor and the access to qualified personnel). The exact same is currently happening to batteries. Any transformer project will be able to just integrate 4-12 hours of batteries without getting meaningfully more expensive. The same for every domestic or industry service upgrade
We are not there yet. But give it another 5 years and we will. And then we are only talking about financing what little distribution system we will need (basically you only need average-sized cables not peak-sized ones) and a capacity market for backup power systems (also only for average residual demand). And those we simply cannot (efficiently) finance by a per-kWh-used charge
Thats what makes this even less attractive-- those plants are expensive to build and operate and you can't even really use the product in the most obvious ways.
> If electricity is sufficiently cheap