Should the government provide subsidies for companies developing carbon capture technologies?
Carbon capture technologies are methods designed to capture and store carbon dioxide emissions from sources like power plants to prevent them from entering the atmosphere. Proponents argue that subsidies would accelerate the development of essential technologies to combat climate change. Opponents argue that it is too costly and that the market should drive innovation without government intervention.
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No, carbon capture involves capturing CO2 and putting into "reservoir" storage (often mines) or into deep sea "sequestration" sites. The environmental effects are unknown. Until research is done on what happens to the sequestered CO2 over time is completed -- including worst-case scenarios -- then ANY attempt at sequestration must be halted.
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