Found this article from New Yorker magazine recently. The article was written back in February, titled BIG FOOT. It talks of our carbon pollution and how the problem can be solved using a market system, regulations, and technology. Very well written.
Here's a little taste:
“I got a call from a scientist a while ago”—Isaac Berzin, a researcher at M.I.T. “He said, ‘Richard, I have a process where I can put an algae farm next to a power plant. I throw some algae in and it becomes a super photosynthesis machine and sucks the carbon dioxide out of the air like a sponge. Then I gather the algae, dry it out, and use it as renewable energy.” Berzin asked Sandor whether, if he was able to take fifty million tons of carbon dioxide out of the atmosphere in this way, he could make a hundred million dollars.
“I said, ‘Sure,’ ” Sandor recalled, laughing. “Two dollars a ton, why not? So he sends me a term paper. Not a prospectus, even.” Sandor was skeptical, but it didn’t take Berzin long to raise twenty million dollars from investors, and he is now working with the Arizona Public Service utility to turn the algae into fuel. Sandor shook his head. “This is at two dollars a ton,” he said. “The lesson is important: price stimulates inventive activity. Even if you think the price is too low or ridiculous. Carbon has to be rationed, like water and clean air. But I absolutely promise that if you design a law and a trading scheme properly you are going to find everyone from professors at M.I.T. to the guys in Silicon Valley coming out of the woodwork. That is what we need, and we need it now.”
ENJOY.
