Trump boasts of this tremendous business acumen. Of course, his history of bankruptcies and his frequent financial bailouts by his father give lie to those claims. In that light, we are presented with a business opportunity that I am certain he will miss.
The NYT reports that:
With time running out to avoid dangerous global warming, the nation’s leading scientific body on Wednesday urged the federal government to begin a research program focused on developing technologies that can remove vast quantities of carbon dioxide out of the atmosphere in order to help slow climate change.
The 369-page report, written by a panel of the National Academies of Sciences, Engineering and Medicine, underscores an important shift. For decades, experts said that nations could prevent large temperature increases mainly by reducing reliance on fossil fuels and moving to cleaner sources like solar, wind and nuclear power.
But at this point, nations have delayed so long in cutting their carbon dioxide emissions that even a breakneck shift toward clean energy would most likely not be enough. According to a landmark scientific report issued by the United Nations this month, taking out a big chunk of the carbon dioxide already loaded into the atmosphere may be necessary to avoid significant further warming, even though researchers haven’t yet figured out how to do so economically, or at sufficient scale.
This sounds dire and, of course, it is. However:
The panel’s members conceded that the Trump administration may not find the climate change argument all that compelling, since the president has disavowed the Paris Agreement. But, [Stephen W. Pacala, a Princeton climate scientist who led the panel] said, it’s quite likely that other countries will be interested in carbon removal. The United States could take a leading role in developing technologies that could one day be worth many billions of dollars.
But, of course, it’s unlikely that the U.S. will be a leader in the area unless the U.S. government encourages the development of carbon removal technologies. Stated simply, we have been presented with the greatest business opportunity in the history of mankind, but the Current Occupant is willfully blind to it.