CO2 Conversion in a Microwave Plasma Catalyst System

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CO2 Conversion in a Microwave Plasma Catalyst System ( co2-conversion-a-microwave-plasma-catalyst-system )

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SRES report do not take into account any direct legislative action to reduce CO2 concentrations, so the possibility of CO2 regulation policies could help reduce the future outlook. Near future technological advances could also help lessen the threat of climate change, as the world’s leading scientists are now actively pursuing possible solutions to this problem. 2.2 CO2 Remediation Efforts 2.2.1 Policy Efforts There are several approaches to minimize CO2 emissions through government policy. For example, a carbon cap and trade system has been proposed to manage emissions. In this system, policymakers would create a new commodity by limiting the amount of CO2 emissions allowed during a given period. A certain number of allowances would be admitted for the set cap on emissions and participating entities, like fossil fuel burning power plants, would be able to buy and sell such allowances [99]. While this policy may help limit the number of emissions and encourage industry to upgrade equipment to green technologies, ultimately the cost burden will fall on consumers. Consumers will be subject to persistently higher prices for products like electricity and gasoline. A similar result could occur if a carbon tax is imposed. This policy would require the entities that emit GHGs to pay a fine for every tonne of GHG released. This charge would be a set fee per unit of GHG that would be uniform across all industries and would provide incentive for polluters to implement emissions reductions technology. However this system does not put any cap on emissions, and it allows emitters to weigh the cost of emissions control against the cost of paying the tax to determine the least expensive solution. If the tax is to be used to set a limit on emissions, it will have to be adjusted over time to account for inflation, technological progress, and new emission sources [48]. 22

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