Carbon capture by phytomass storage and trading to mitigate climate change and preserve natural resources

Abstract

As climate-based catastrophes continue to seriously threaten human health and goods, natural resources, and ecological environments, we must act expeditiously to avoid more serious and irreversible consequences. Negative emission technologies (NETs) may inevitably be our best option in confronting this crisis. This study explores an aggregated strategy that provides a novel way in which to confront climate mitigation and resource preservation through carbon capture by phytomass storage and trading (CCPST). The CCPST process entails burying phytomass belowground or in deep ocean cavities where it can then be sold as a commodity in the form of futures (i.e., financial contracts), which would have little negative ecological or socioeconomic effects but provide enormous benefits to climate mitigation and resource preservation. Phytomass trading by issuing of phytomass futures for phytomass planting, collection, and storage would help to mitigate climate change and increase employment and investment incentives, which in turn would promote global economic growth as well as the health and welfare of humankind.

Keywords

• Carbon capture
• Phytomass storage
• Trading
• Climate change