It would cost up to $164tn - equivalent to two years of the entire world's GDP, to capture and sequester the 1,172 gigatonnes of carbon required to take the planet back to pre-Industrial revolution levels, according to Michael Barnard. A trillion kilograms. The report is based on a new analysis by Carbon Tracker that shows how much it will cost if countries around the world are forced to cut emissions at current rates for decades or more. Instead, he argues, the solution to the CO2 emissions problem is to "decarbonise electrical generation" and then "electrify everything".
It would cost up to $164tn - equivalent to two years of the entire world's GDP, to capture and sequester the 1,172 gigatonnes of carbon required to take the planet back to pre-Industrial revolution levels, according to Michael Barnard. The report is based on a new analysis by Carbon Tracker that shows how much it will cost if countries around the world are forced to cut emissions at current rates for decades or more. Instead, he argues, the solution to the CO2 emissions problem is to "decarbonise electrical generation" and then "electrify everything".