If we don’t try, then we are fools.
Pay our farmers $10 a tonne CO2, no strings attached, and they’ll do it.
If It’s argued that soil carbon doesn’t work then it follows that farmers will receive nothing and the costs will be zero. But not to give our farmers an unfettered, unrestrained and unencumbered opportunity to see what they can do would be beyond stupidity. For humanity has no known, no viable, no sane, and not even any hypothetical procedure for removing the atmosphere’s carbon dioxide overload. We have to try. It’s a very intelligent gamble.
The Measure of Any Individual Countries Obligations is Clear
There are international statistics on how much coal, oil and gas a country has burnt over the last few decades. So we know the world’s totals. So we know a country’s percentage contribution to the atmosphere’s CO2 overload. At 400 ppm the atmosphere’s total carbon dioxide overload is one trillion tonnes.
The 1950 to 2000 figures show the percentage statistics for fossil fuel consumed per country. We have, for example, Australia at 1.17%; the US at 27.1%, the EU at 26.6%, Canada at 2.2% and Cambodia at 0.002%.
At $10 a tonne Australia has to pay its farmers 1.17% of $10 trillion for totally removing Australia’s past contribution to Global Warming, that’s $117 billion. The US will pay its farmers a total of $2.7 trillion. It has already been estimated that the costs of climate change in the US will have climbed to $1.9 trillion per year by 2100. That’s under a year and a half to get to the, otherwise $2.7 trillion total.
I believe it could take up to 15 years to get all that excess out of the air. So we are talking an annual cost for Australia of $8 billion: and for the US around $180 billion per year.
A recent international report shows that Australia is “still subsidizing fossil fuel production to the tune of a massive $A5.6 billion a year”. Direct those subsidies to farmers for soil carbon sequestration and we are more than half way towards removing Australia’s obligation to ending global warming. And Australia ends up with some very rich and productive soils.
Governments around the world are handing out close to $1 trillion per year in subsidies to fossil fuel producers and users. To see what’s happening, as a start, go to fossil fuel subsidies, . Or just Google “fossil fuel subsidies”.
Redirect that $1 trillion to the individual country’s farmers and global warming will stop and temperatures will start to slowly normalize.