Clean Air Cheap. Investing Billions in Direct Air Capture to Save Trillions of $'s for a 1.5 Degree Climate Target.
6 Pages Posted: 18 Feb 2021 Last revised: 25 Feb 2021
Date Written: December 25, 2020
Spending public resources to crowd-in technology investment can accelerate development. Direct Air Technology may benefit greatly from this.
Experience curve effects mean that expensive early stage technologies may be the most effective solutions available. Public policy using a long term lens means investing in "expensive" solutions today can have significant long-terms returns. An interactive model of this paper and model is available at https://grid.is/@ngogerty/clean-air-cheap-investing-billions-in-direct-air-capture-to-save-trillions-for-a-1-5-degree-climate-target-HogB_rMsQCecl3D30xVglw
Keywords: direct air capture, climate change, technology, innovation, carbon capture
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