364 karma · joined November 7, 2019
The economies of scale seem to be much larger. For example, utility scale solar seems to be about half the unit cost compared to residential and commercial solar: https://www.nrel.gov/analysis/solar-installed-system-cost.ht...
Exactly the opposite, with a good vaccine only a few months away, putting everything on pause makes even more sense.
> "They already achieved quantity in life. What most of them want more than anything is quality."
I'll tell you one thing, spending your last moments in a chaotic hospital where your loved ones probably wont event be allowed near you, isolated from human contact by layers of plastic and respirators is NOT the definition of quality I have in mind.
1. the aggregate amount of sin in the world caused suffering
2. indulgences actually reduced the aggregate amount of sin in the world
then the indulgence system would make perfect sense. I agree there are problems with offsets and many of them aren't credible, but this indulgences metaphor has never made sense to me.
I'll leave the hopefully scientifically literate crowd here to see how reputable they are. I skimmed the paper, it seems to be making a "there's no free lunch"/"renewables aren't magic free energy" so let's just keep using fossil fuels argument. None of the authors are economists, physicists, or climate scientists, yet they make assertions that are very much the domain of those experts. I expect better from the HN crowd.
These projects will only make sense to operate at truly large scale once we've already shut down all the coal plants. I think what stripe is trying to do here is make early investments so that when we really need it to scale, the costs are low and the tech is mature.
My personal take is that the cheap carbon credits are indeed a more cost effective use of money right now, but it's low hanging fruit that we will run out of soon.
That's the whole problem, the cost of coal needs to come up and that's something that's in policy makers hands. Stripe is trying to reduce that $775 by investing early in these projects.
> Capture requires energy that could be used to reduce carbon emissions demand. 2nd law of thermodynamics says you can’t win this game.
Assuming all energy comes from coal, which isn't even remotely close to true.
> The best carbon capture technology is plants and plankton.
Plants and plankton are useful for capturing carbon and storing that biomass, but that's not a long-term storage strategy. All plants die and decay, returning carbon to the carbon cycle. If we want a long term solution, we need to put carbon back into the geosphere where we got it from.
Nope, we're currently moving gigatons of carbon from the geosphere to the atmosphere and a significant amount of that carbon will remain for tens of thousands of years. If we miraculously stop emitting tomorrow, we wont have fixed the problem, we would just stop it from getting worse. Source: https://yaleclimateconnections.org/2010/12/common-climate-mi...
If we want to return the climate to pre-industrial, we need aggressive emissions cuts to net zero AND massive carbon removal later this century.
Not really, coal is quickly vanishing from the US electricity sector due to cheap natural gas and renewables. I see no reason that trend won't continue. Source: https://www.eia.gov/energyexplained/electricity/electricity-...
> So, does it makes sense to deploy this in areas with a ton of green energy available on the grid? Maybe... but those areas have lower PPM carbon in the air, so it's not the right place to run the machine anyway.
Global carbon dioxide concentrations are not evenly distributed, but the distribution has much more to do with climate patterns than where the emissions happened. The atmosphere is fairly well-mixed. Across the whole globe, concentrations are significantly higher than pre-industrial levels. Source: https://earthobservatory.nasa.gov/images/82142/global-patter...
> Perhaps instead of all this wasted effort and engineering time, we could just replace the damned coal plants and stop emitting carbon itself.
Once the world reaches net-zero emissions, we can't celebrate and say we've stopped the problem. We just stopped it from getting worse. Carbon dioxide stays in the atmosphere for centuries, if we want to return the climate to pre-industrial, massive negative emissions will eventually be necessary. Engineering work on negative emissions will not be wasted unless we give up on that goal completly.
I object to the "only then". Cutting emissions is absolutely the top priority, but we're going to need to scale up carbon removal dramatically by around mid-century. By starting soon we can bring costs down and get the tech ready for when we really need it to scale.
Payments are also about establishing trust, which goes wrong a lot. You can in practice make payments very cheap with some cryptocurrency schemes, but don't get fraud protection, chargebacks, and customer service that credit cards provide (unless you introduce another party in the middle taking a cut).
It seems to me the innovation required to actually reduce costs would replace the credit card system, not build on top of it.