Needed: A Price on Carbon

Pumping carbon dioxide underground on a massive scale has been talked about for years; the idea is to “sequester” the greenhouse gas so that it won’t enter the atmosphere and contribute to global warming and climate change.

Technology Review asked Howard Herzog, an MIT chemical engineer and program manager of the Carbon Sequestration Initiative, an industrial consortium, for his take on the subject.

His appraisal of the state of sequestration: first, the geological questions are being resolved favorably; second, without policies that put a price on carbon, it is unlikely that more sequestration facilities will actually get built.
Technology Review