Julio Friedman of Carbon Direct discusses the macroeconomic impact of U.S. climate policy with host Stephen Lacey.
0:00 / 0:07exact quote · 7.5s
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“The incentive stack that is in the Inflation Reduction Act is unparalleled by any nation, anywhere.”
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More from Julio Friedman
PredictionNot checkable as stated
Friedman: Climate governance will see Article 6 completely collapse
“I think we will begin to see new laws and new protocols, everything from the revisions to the London Convention of the Sea to Article VI's complete collapse and dissolution.”
Julio FriedmanDec 6, 2022▶ 32:39A breakout year for carbon removal?
PredictionNot checkable as stated
Friedman: Carbon removal will necessarily become the largest market in human history
“The carbon removal market will necessarily be the biggest market of all human history”
Julio FriedmanDec 6, 2022▶ 22:07A breakout year for carbon removal?
Opinion
Friedman: Scaling carbon removal requires oil and gas industry skills
“Not just the injecting CO₂ into the subsurface, which, like, they're the only people who know how to do that, Pulling together a two billion dollar project. That's something energy companies do kind of all the time. Putting together the capital stack. Managing…”
Julio FriedmanDec 6, 2022▶ 29:37A breakout year for carbon removal?
Insight
Friedman: All carbon removal pathways work, but none are scaled
“All of those approaches work. They're all sound, but they have different price points. They have different durability. They have different customers. They have different regulatory frameworks, because they're happening all over the world. They're happening at,…”
Julio FriedmanDec 6, 2022▶ 18:23A breakout year for carbon removal?
AssertionSupported
Friedman: Study found half of Indian wind offset projects were non-additional
“There was a study done recently in India. They found half of the wind projects that were built there were not additional at all. That means half of them were just nothing. The other half were credible avoided emissions.”
Julio FriedmanDec 6, 2022▶ 19:07A breakout year for carbon removal?
AssertionSupported
Friedman: Direct air capture costs roughly $600 per ton
“Direct air capture, say, is on the order of 600 dollars a ton. A good biochar project might be on the order of 150 dollars a ton. A good biomass with carbon capture project might be between 153 hundred dollars a ton.”
Julio FriedmanDec 6, 2022▶ 24:13A breakout year for carbon removal?
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