Change the incentives
Special interests and perverse incentives have become a plague in the environmental markets and haven’t at all been positive with regards to addressing the issue. A large part of the market believes that investing in cleaning up the environment is an act of philanthropy and should therefore come with a tax break or fall under corporate social responsibility. That’s a problem.
Greenhouse gases in the atmosphere are yet to be paid for and it’s a price we must pay sooner rather than later. If we inject the atmosphere with carbon, we have no choice but to pay to pull it right back out again.
If we don’t believe we should pay, we have no right to put it there in the first place. This means that new incentives are needed, along with market mechanisms that enable both entities and individuals to pay for the removal of carbon dioxide while, at the same time, encouraging activities that prevent it from entering the atmosphere in the first place.
More effective research coordination
There’s no shortage of promising research that can enable us to both stop and remove carbon emissions. There are a number of factors in the way, however, i.e. lack of competence, greed, and arrogance. Early adopters now own numerous patents on ideas that have not proven their scale as yet, thanks to intellectual property laws.
Some of these patents were acquired by trolls who create obstacles for innovation improvement by means of litigation. As a consequence, intelligent ideas get stuck in the prototype or development stage without the right people to develop the idea.
Patent trolls often have motives other than offering solutions. Rather, they’re in it purely for financial gain. Start-ups looking to make breakthroughs often need to operate without making a noise about it so that their ideas don’t fall into the hands of such people. This means that nonprofits and funding agencies aren’t getting the full picture when it comes to what’s needed or potential solutions. It can be made to be less complicated than this.
An international patent pool designed to keep innovations for the purpose of solving climate change that enables promising ideas to be 100% open-sourced and build upon improvements could be a huge help.
Put carbon back in the soil
We’re already mid the regenerative movement. Fortunately, an innovation has been around for a very long time. It isn’t at all complicated to put carbon back in the soil. We can put a stop to actions that are intensely filling our lands, planting monocultures, and relying too heavily on nutrients.
We can transition to a more harmonious relationship between agricultural lands and grazing animals, using no till agriculture, rotating crops, and planting cover crops. This would be good for the balancing of CO2 in the atmosphere. Further, the soil would retain more water and become more plentiful and healthier, pollution would be lessened, farmers would save money, and the land would become more productive.