Marty Weitzman has easily shown that he is a smart man, but I wonder if both he and Robert Pindyck are not barking up the wrong Tree. There is a most deliberate Uncertainty which can be calculated, though there is a vast error without inclusion of Natural Event production of CO2; think volcanos, Forest fires, etc. here. The Uncertainty of Natural Events nullify prognosis plans to reduce human release of CO2, as the Uncertainties interact to prevent judgements of the value of devotion of GDP to such reduction. The second element states that the Goal of almost all Plans does not deal with the real Problem, which is removal of CO2 from the atmosphere and Water. A third factor states that most reduction programs would actually release alternate Greenhouse Gases when utilized in Volume. The last criteria is the reality that any economic activity which does not generate a self-perpetuating growth to GDP will fail in the long-run as unnecessary economic expense.
What We need is a Radiator, nth-Generation of a Heat Pump, consisting of a membrane which will capture both Heat and CO2 In a Soluble, most likely Water; then find industrial use for both the Heated Water and the CO2. Sound Crazy? Properly designed Units could act as substitute Water Heaters in homes, while CO2 reduction processes from Water could be used as a Creosote for Wood preservation. Any membrane which attracted both Heat and CO2 would also draw Smog to its surface, and Particulate could be removed from the atmosphere as well. Simple balloons of this membrane could simply be hung on a Clothesline structure at the top of buildings; advanced models providing automated transfer of Water to the CO2 Separator, Water to be advanced to Hot Water faucets, and Carbon paste to be collected in Air Pump bins for later collection by an industrial usage outlet.
Every Economist will now claim that the entire Process would have only marginal effect on the atmosphere, and would be too expensive. The real Cost in Capital terms would be the Carbon Separator, which would collect Carbon paste from the Water, while releasing Oxygen to the atmosphere. There has to be a simple process of separating Carbon and Oxygen while in Water Solution, without high energy Input. The fact stands that if such a Carbon Separator can be devised using less energy than a Hot Water heater, then We are already on the Plus side. The magnitude of the Carbon reclamation will be limited only by the degree of Capitalization; I envisioning 30 balloons above every Home and building. Will it Work? Full participation would increase Carbon sequestration by about 1400% by my muddled figures. This could lead to a 16% reduction in Carbon emissions in this Country, by my weak estimate. I use only about a 40% Efficiency for the mechanism, and will give a Ballpark estimate that it could replace about 4000 square miles of Rain forest in Carbon sequestration. lgl
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