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Most commonly these days, the CCS acronym stands for: “Carbon Capture and Storage”—as you can surmise from the title above, I have a slightly different interpretation of “CCS.”
Of course, all this nonsense of “Carbon” storage, etc. really refers to “carbon dioxide” and not to elemental carbon as in coal or diamonds, nor to carbon-containing fuels. For my non-chemist readers, that difference is akin to the difference between “night and day” or “**** and heaven.” So, not to belabor this point, let’s assume that “carbon” and “carbon dioxide” are synonymous.
Collins - Dictionary - CCS - Technology - Amounts
The Collins Dictionary states “CCS is technology used to stop large amounts of carbon dioxide from being released into the atmosphere, by separating the carbon dioxide from emissions and injecting it into geological formations. CCS refers to the capture and storage of carbon dioxide from emissions to prevent it from entering the atmosphere.”
To drive home the point, the Royal Swedish Academy of Sciences just announced their decision of awarding the 2018 Nobel Prize for Economics to William Nordhaus and Paul Romer for their work that “helped answer fundamental questions on how to promote long-term sustainable growth and enhance human welfare.”
Nordhaus - Romer - Supporters - Carbon - Pricing
Both Nordhaus and Romer are ardent supporters of “carbon pricing,” a novel tax on all consumers of any carbon-containing material. As the website Carbon-Price.com says, Nordhaus’ view is “Climate change is a member of a special kind of economic activity known as global public goods.” To solve this problem, “At a minimum, all countries should agree to penalize carbon and other GHG emissions by the agreed upon minimum price.”
Furthermore, Nordhaus claims: “The shadow prices, [...], actually represented the cost of putting carbon dioxide into the atmosphere. And with that, climate change suddenly became a problem that could be attacked with the tools of economics.”
Mind - Claim - Cost - Nothing
In my mind, this claim of “cost” is nothing else...
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