The Jordan Harbinger Show - 932: Mike Kelland | A Planetary Approach to Fixing the Climate Crisis

Episode Date: December 12, 2023

What novel scientific breakthroughs will bring us back from the brink of total climate catastrophe? Mike Kelland of Planetary Technologies explains here! What We Discuss with Mike Kelland: T...he regressive consequences of climate change denial (and why the climate crisis isn't a hoax no matter what your nutty uncle said throughout the entirety of Thanksgiving dinner). The role carbon plays in climate change. Current and projected methods of removing carbon from the environment. How Ocean Alkalinity Enhancement (OAE) enables the ocean to safely capture excess atmospheric carbon while combating the effects of ocean acidification. The role of companies in accelerating carbon removal. And much more... Full show notes and resources can be found here: jordanharbinger.com/932 This Episode Is Brought To You By Our Fine Sponsors: jordanharbinger.com/deals Sign up for Six-Minute Networking — our free networking and relationship development mini course — at jordanharbinger.com/course! Like this show? Please leave us a review here — even one sentence helps! Consider including your Twitter handle so we can thank you personally!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Starting point is 00:00:03 Welcome to the show. I'm Jordan Harbinger. On the Jordan Harbinger show, we decode the stories, secrets and skills of the world's most fascinating people and turn their wisdom into practical advice that you can use to impact your own life and those around you. Our mission is to help you become a better informed, more critical thinker through long-form conversations with a variety of amazing folks from spies to CEOs, athletes, authors, thinkers, performers, even the occasional hostage negotiator, astronaut, music, mogul or tech luminary. And if you're new to the show or you want to tell your friends about the show, our starter packs are a great place to begin. These are collections of our favorite episodes on persuasion and negotiation, psychology,
Starting point is 00:00:41 and geopolitics, disinformation, and cyber warfare, crime and cults and more. It'll help new listeners get a taste of everything we do here on the show. Just visit jordanharbinger.com slash start or search for us in your Spotify app to get started. Today on the show, even if you think climate change is a lost cause, or you're a climate skeptic, whatever that even means these days, we all end up in the same place. in the end, with too much carbon in the atmosphere causing a ton of problems, including and especially global warming. So, no matter where you fall on this one, the carbon has to be removed from the atmosphere
Starting point is 00:01:14 faster than we are putting it in. But how do we do that? How do we even begin to take carbon out of the atmosphere? Today's guest, Mike Kelland, founder of planetary technologies, which sounds like something from a Superman comic, if I'm being completely honest. He has a very unique geoengineering take on removing carbon from the atmosphere, something that's actually potentially feasible so far and holds a ton of promise for reversing climate change. Finally, some good news with respect to the environment, even if practical application and
Starting point is 00:01:42 implementation of this is still a ways off. I wanted to do something lighter, folks. We've had Israel Hamas and all these conflict stuff and stuff about environmental damage, and it's just like, you know, we're trying to Christmas shop. Can we just hear something that's not doom and gloom? That's what this is. So it's my little early Christmas gift to all of you. and also to my own psyche. Here we go with Mike Kelland. I feel bad for the person who doesn't know that climate change is a thing. I know some people deny that it's happening,
Starting point is 00:02:17 but now I think even some of the most ardent anti-climate folks are now saying it's not human-caused, it's a natural cycle. But in truth, it doesn't necessarily matter because we're going to kill ourselves if we contribute to it. Or even if it's natural and we're not contributing to it, which I don't think that many people believe, we still need to figure out how to geoengineer our way out of kill half of or all of humanity from climate change, natural or not.
Starting point is 00:02:41 Yeah. What I'm seeing anyway in that sort of space is you're going from, it's not a problem, it's not a thing, it's not human-caused whatever. And now the debate is moving towards, well, we can't do anything about it anyway, so don't worry about it. Yeah, the goalposts have moved from some folks, right? Yeah. It was, this is not happening to it's not human-caused,
Starting point is 00:03:00 to now, okay, it's human-caused, but there's nothing we can do about it. It's a little frustrating to see that. And I will say it's a very small number of people that are doing that. But the problem is they're a disproportionate voice in this. And I'm not anti-fossil fuels. Obviously, we need fossil fuels. And developing countries especially need fossil fuels. I understand that green energy is not really that green.
Starting point is 00:03:23 We screwed up our nuclear play. But even if the most generous interpretation, the most steel man, okay, humans didn't cause this at all, again, I don't agree with that. And it's completely natural and there's nothing we can do. about it, that's where I'm going to argue with you, right? And that's what you're saying is, look, we're not just all going to die because we've screwed out the planet and we're going to kill biodiversity or whatever the worst case scenario is. We can start to figure out how to remove carbon from our atmosphere. How much time do we have to figure that out? I guess that's a good
Starting point is 00:03:53 place to start. There's a lot of this kind of modeling that happens, right, in terms of climate impacts, how long we have, how much what they call carbon budget we have left. It's a really interesting thing because it's hard to do any of this stuff unless you have some sort of target or some sort of goalpost. So you'll hear at 1.5 degrees, you'll hear 2 degrees Celsius, you'll hear all these kinds of things. And those are important lines. But if you think about it, we're at about 1.1 degrees Celsius already now. Above what the temperature that we're quote unquote supposed to be at for this time of year? How do they do that? It's basically how it works as you look at the average temperature across the earth before the industrial resolution started.
Starting point is 00:04:31 And then you compare that with the average temperature on an average year now. The graph is really bumpy in terms of what they call the temperature anomaly graph. It was warmer than average here. It was colder than average here, all this kind of stuff. But they average it all out. And then they come up with a number. You know, if you think about it, it's not just time-based. It's also, was it warmer this July than it was in July 1850 or whatever.
Starting point is 00:04:52 This is like, I weigh myself every day. And it's like, you're eight pounds heavier than you were last year. And I'm like, screw you, Wi-Fi scale. Did I ask you? I didn't. And then you check it again at noon and you're like, oh, cool, I've lost 12 pounds since this morning. Right. You're just a big place. And so when you look at it, it's like, what does 1.1 degree mean? It sounds so small. It sounds so small, but it means the Arctic is six degrees warmer. Oh. That's how it all kind of works. But 1.1 is worse than like 1.1, right? And 1.12 is worse than
Starting point is 00:05:23 1.1. The impact to that actually get worse in an exponential basis. And so 1.3 is, is worse than the difference between like 1.1 and 1.2. Do you know what I mean? Like it gets worse as time goes on. It's not just like, hey, this is 11% worse. The first increment was 10% worse. The second increment is 30% worse. The third increment is 50% worse and so on. It's not linear because I was just thinking 1.1. Okay, I didn't realize that means that of course certain places that are more temperature are much warmer. And other places where it's already hot A.F, like on the equator, they see less of a change or the change means less. And so you're seeing maybe fragile ecosystems like the rainforest or Arctic ice. And it's like, no, now it's 10 degrees warmer than it was. And that 10 degrees is the
Starting point is 00:06:11 difference between a bunch of new ice freezing and current ice that's ancient melting. And that's the problem. Exactly. Okay. That's part of the problem. And so when you look at it, these 1.5 and 2 degrees Celsius, is they're short hands. They're easy ways of saying, okay, here's a line in the sand, and here's what's going to happen if we get there. And so you go and say, well, what happens at 1.5. And, you know, I care about the oceans. It's what we work on as oceans and all this stuff. So corals, really interesting sort of climate responsive organism. They really respond to the climate really directly. At 1.5, you lose 70 to 90% of the corals on Earth. They're all gone. At 2 degrees, it's 99%. That's a difference between those numbers. But one of the things that's dangerous in a way about drawing those lines in the sand
Starting point is 00:06:54 is you get into this point where people are like, there's no way we're going to hit 1.5, so who cares anymore? And it's kind of like, no, 1.6 is worth than 1.5. Keep trying. You can't look at that as an end. It's a milestone. And if you don't make 1.5, well, you've got to make 1.6. And you don't make 1.6. And so to me, when we talk about people being like, oh, well, there's nothing we can do about it, That's not just people who are trying to say, don't worry about climate. It's something that's built into our whole society. Like, it's across the board. And I think it's really a bad thing.
Starting point is 00:07:25 We all have to be driven to action on this in whatever way we can. What's a bad thing? Completely giving up on humanity. Yeah, don't do that. Don't do that. I think we can all agree on that. Yeah. CO2 concentrations are the highest they've been in two million years.
Starting point is 00:07:39 That's a long-ass time. And natural cycle or not, it's hard to imagine the earth and the life on it that's evolved. during that time being okay with that physically? It's not. You know, when you look at humanity, you look at the history of humanity, we're really good at living in certain climate, humans as a whole. One of the things we often talk about is like, okay, are you going out there to try to save the world with this?
Starting point is 00:08:03 Not really. You're trying to save humanity. We're not well adapted outside of this kind of climactic range that we've evolved in and that we really work well in. And so a big part of the climate fight to me is, you know, you're trying to, you're trying to preserve the world we live in, but you're also trying to preserve our health and wealth and the entirety of humanity in the process. And that's really important to, I think, have that lens on it, that this is a fight for our future, for us, our way of life, rather than thinking of it as
Starting point is 00:08:31 some sort of altruistic thing. This is something we do for us, is saving ourselves from climate change. And I think that's a really important framing. Yeah, I think you're right. And also I have kids, so the whole thing takes on new meaning, right? Yeah. I get why when people don't have kids, they're like, you know what, this seems unsolvable. I'm just going to go to Spain and chill. I probably would do the same thing? But having kids, you're like, do I want them to have to live in a hurricane-proof bunker with no windows because of whatever's going on outside? And yes, I'm exaggerating a little, but not really, because the weather we're seeing now is crazy. And it's not a coincidence that that's happening from climate change. The news constantly right now is the heat wave every day
Starting point is 00:09:09 is hotter. Oh, man, actually, today is the hottest day on record. And then the fires that emitted all these emissions in Canada that went down to the northeastern U.S. in China. I follow Chinese news, and I'm not sure if you do, but they're having floods that are just, the floods there are so apocalyptic that in China has this cultural thing where when there's a lot of disasters, it means the emperor, the regime needs to change. And Xi Jinping doesn't like that because he's their new emperor. It's like a bad omen. It's that bad that people are talking about that. That's crazy, right? When you have something that's almost biblical saying, hey, maybe we need regime change in a country like China, these are some gnarly floods. It's crazy. I think it's coming
Starting point is 00:09:49 home to roost for a lot of people that weather is not something that's happening somewhere else. It's not abstract anymore. It's sort of like, oh, climate change, yeah, I've heard about that and stuff may be happening. It's suddenly now it's coming home to people. And I think one of the biggest questions, what do you do about it? And we've actually been conditioned in a lot of ways, I think, to do the wrong thing about climate change. So there's this concept of the personal carbon footprint. You heard of the personal carbon footprint. You know, you calculate your own emissions. So what is that? Just like how much I'm using by buying phones and driving and flying around? Yeah, exactly. There's sort of this idea out there that the only thing we can personally do is cut our own emissions, right? And it's a fun little fact,
Starting point is 00:10:33 But the idea of the personal carbon footprint was created by an ad agency. Ogilvian Mathur created this concept of calculate your own carbon footprint and reduce your own footprint on behalf of British Petroleum. So BP. Yeah, I was going to say, so this sounds like a Chevron idea where they're like, hey, if we make consumers walk to the grocery store, we can keep dumping whatever it is or pumping fossil fuels out of the earth and not worry about our emissions doing that. And I get it. I understand that hashtag capitalism stuff, but it's buying an electric car. Okay, cool. But then the cobalt is mined by like child slavery using explosives and burning down the rainforest to get it.
Starting point is 00:11:14 And I'm not really doing that there either. It seems like the kind of thing where let's say we get every person on the earth to have a low carbon footprint. We cut it by 50% per person. Cool. One company then makes up that difference by pumping fossil fuels, whatever, out of the ocean floor. It's 1% of the problem.
Starting point is 00:11:31 So two things on that, right? So one of them is the cobalt concept there, right? It's bad how they mine cobalt. And I totally agree with that. The challenge is that you can't let solving one problem stop you from solving another. You can't let that prevent you from doing something about climate change because to me, it's a foundational issue. You can go and say, we're going to protect biodiversity. We're going to increase wealth.
Starting point is 00:11:55 We're going to solve poverty. We're going to do. But if you don't solve the underlying issue, which is going to be climate change, all of that is going to all apart, you just can't maintain that. And so to an extent you have to say, okay, where do you focus your energy first? And to me, it's on go do something about climate change. And that idea of the personal carbon footprint, I've got to do my own thing. It's a good idea, but it prevents you from doing the things that really matter. So the shift that we're seeing now, this concept that I read the other day that I really love, is the idea of your climate shadow rather than your climate footprint.
Starting point is 00:12:26 If you prevent yourself from flying, if you stop driving places, all this kind of stuff, you're actually muting your potential impact on things that are maybe much, much larger. You can't go and advocate and get political about things, which has a higher leverage, much higher leverage on climate than other things. And that was the point of that carbon footprint thing is like, if you feel like you're not doing your part, you can't hold the big companies to account. How can you reconcile that with yourself if you're not doing your part? But that's what we have to be doing. We have to be looking at high leverage activities and really working hard to fix the climate at, you know, the global scale. Yeah, that's an interesting point. I hadn't thought about that. It's like the kid who flies to Washington, D.C. to talk to his congressman is doing more than the kid who sat home and was like, well, I didn't take that flight. Exactly.
Starting point is 00:13:12 There's something to be said for that. I had never looked at it that way. When I look at these global temperature limits, the world has set out. They're saying, okay, at 1.5, we are really running into a problem. But we're going to hit that tomorrow. Isn't that? 2030? Yeah. There's people listening to this and it's already 2030 and they're going, oh, crap, we're on the way to two. Yeah, it's really tough. I think that we've got a really limited amount of time. And the craziest thing about this is that we've had a limited amount of time for a long time, right? There's this really cool graph you can see, which is like, what if we'd stopped cutting emissions 30 years ago? And then there's a very gradual slope to the emission cuts that you would need to make to keep ourselves under 1.5. And then it's like, what about the following year? What about the following year. What about the following year? We're at a point now where if you look at that graph,
Starting point is 00:13:57 what emission cuts are required to keep us under 1.5, it's practically vertical. Do you just have to like, oh, let's turn everything off tomorrow? Shut down the entire planet and then wait 50 years. Yeah. And it's not quite that stark. Like I say, we've got five to 10 years. And there's some good signs, especially in the developed world, some of the emissions are bending downwards. But it's not universal. And the world as a whole, we're still going up. And we really need to be least plateauing at this point and coming back down. And that's why, I think for what we're doing, which is what's called carbon dioxide removal, this becomes really important. Because the longer we go without bending that curve down, the more we're going to have to actually pull out of the air,
Starting point is 00:14:36 actually suck carbon out of the air in order to keep ourselves within somewhat safe limits. That's the technology we're working on. And it's an important tool in this whole climate portfolio, if you will, or set of climate solutions. So we have to basically cut emissions by half by 2030, net zero by 2050 or whatever the year is that they have that. But in addition to that, we need to be removing a ton of carbon from the atmosphere on top of also planting trees. How much carbon do we need to remove from the atmosphere? Because I want to say a ton, but it's actually like millions and millions of tons. It's billions. It's actually, it could be as much as a trillion tons. And so you look at the range is insane. The models that we have are predicting so many different
Starting point is 00:15:21 things about how fast we decarbonize and how it all comes together and what the pathways are and all that stuff. So the range is big, but to stay under that 1.5 number, even if we do decarbonize incredibly rapidly, it's on the order of between like 30 and a little over 1,000 billion tons of carbon removed from the atmosphere. Wow. Between now and 2100. It's insane. To give you a sense of scale, total amount of crude oil that we extract right now every year, two to three billion tons. Okay. And so we are talking about making carbon removal bigger than the oil industry over the course
Starting point is 00:15:59 of the next 27 years if we want to accomplish that outcome. So it's insane. It's a crazy requirement. That is hard to imagine anybody who's ever seen an oil well. You see all that stuff coming out. That's one oil well. We need to be doing that in reverse times, I don't know, five or whatever, right? And it has to be profitable or no,
Starting point is 00:16:19 everybody's going to do it because you can't create these trillion-dollar companies that are extractive and do that in reverse without it bankrupting the entire country that does it. So no one's going to do that. So it has to be profitable. Not a small mission to do something like this. No, it's insane. I mean, God, the weight of that is crazy. That's like a mountain of carbon put back into the ground.
Starting point is 00:16:41 Unbelievable. Okay. What's the plan, man? Because that's a lot. And it doesn't sound like something you could possibly. do. I mean, I've seen these machines that run air through them and they supposedly take carbon out. I can't imagine you would need a billion of those things. Every house would have to have to have one on the roof and have to run solar energy to put even a dent in this problem. It's just not realistic.
Starting point is 00:17:04 The key thing is, if we don't reduce the emissions down, then you're not going to get there. So the math we use, and we're talking about this, is we say, look, we're emitting somewhere in the range of like 50 billion tons a year right now. We're like throwing 50 billion tons of CO2 up. in the air right now as our economy. So we've got to cut that down to about five by 2050. And we've got to do a lot of it by 2030 and then down to about five billion tons of emissions by 2050. And that five billion tons, we're probably not going to get that out of the economy. It's impossible to get that last five billion tons out. And so carbon removal, what it has to do is not deal with all of that. It has to deal with that last five. And then if we want to stay under 1.5 degrees Celsius,
Starting point is 00:17:46 We've got to do another five. Ten billion tons a year between 2050 and 2100. Things are still going to be pretty heavily impacted by climate change. We're going to lose a lot. We're going to lose a lot of corals. We're going to have migrations. We're going to have all the crazy weather we're having now. Plus, in different parts of the world, a lot of famine and stuff like this and droughts. But that seems like the edge of realistic. That's probably the best we're going to be able to accomplish. And then to do that, you have to have all these various different technologies. And getting to 10 gigatons by 2050, 27 years from now, 2023 today, is a huge undertaking. Right now, the carbon removal industry has removed a total of, I think, 0.04% of that. Okay. And so you're going from zero to two times, three times the size of the oil industry in 27 years. It's a big undertaking. But the technologies exist. They're there. They have to be scaled. They have to be profitable, like you said. That's really important. They have to be put into that system. And what we have to do to do that, that is we have to value the problem. We basically have to, on the world stage, include the value of carbon in everything that we do. So if you have a product and then emits carbon, then it has to have
Starting point is 00:18:56 some sort of value associated with that carbon emission that that company has to pay or something like that. There's a lot of different schemes for that, but it has to end up making that industry fundamentally profitable. You're listening to The Jordan Harbinger Show with our guest Mike Kelland. We'll be right back. If you're wondering how I managed to book all these great authors, and creators, scientists, inventors every single week. It's because of the circle of people that I know like and trust, otherwise known as my network. That word's kind of gross.
Starting point is 00:19:26 But think about it. Think about your Christmas network, the people that you actually like, that you want to be around, spending all those time with them. Who have you not kept in touch with lately? Who would love to hear from you this holiday season? But what do you say? Well, I've got scripts for you over at jordanharbinger.com slash course. The course is about reconnecting with people you haven't spoken to in a long time
Starting point is 00:19:44 that might be important to you, but doing it in a way that is not gross. doesn't make you look like you're going to try and sell them protein shakes or some multi-level marketing pyramid scheme. And many of the guests on the show, subscribe and contribute to the course. It just takes a few minutes a day. You'll be in smart company where you belong. You can find the course at Jordan Harbinger.com slash course. Now back to Mike Kelland. It's almost a carbon tax, but then instead of the tax going into the pocket of the dictator of the country or some stupid other scheme, it has to actually go to removing that same carbon that you are putting into the
Starting point is 00:20:20 atmosphere. Otherwise, it's the whole like, hey, the schools are underfunded. Let's make the lottery. Oh, actually, let's take that money and build a new stadium because screw public schools. We'll pay them later, maybe. Just kidding. It can't be that. It can't be that. And, you know, we have what's called carbon finance, which is actually a really big industry right now. So it's hundreds of billions of dollars are going to pay for carbon in various different ways. But like you say, there's different goals of those things and there's different ways that they work. So a lot of the money that goes into carbon right now, you're trading your allowances. It's called an offset. So it's like, okay, you were allowed to emit 100 tons. I was allowed to emit 100 tons. You only emitted 80. I emitted
Starting point is 00:21:00 120. I've got to buy 20 from you. Right. So that's an accounting exercise, which is great for lowering emissions, but it doesn't do anything to take carbon out of the air. And it's a very different thing, and that's where most of it goes right now. And then in the removal side, we have what's called land use and natural solutions, which is like, oh, let's go plant a bunch of trees and let's plant some seagrass and reforest something, which is great, super helpful, but has a limited global scalability, and it's very impermanent. We've seen in Canada, we had a quarter of Canada's emissions, went up in smoke in the forest fires at the beginning of the summer. So all of that stored carbon that was in all those trees, it suddenly back up in the atmosphere. And so it's really
Starting point is 00:21:41 susceptible to climate risks, fundamentally, of that stored carbon going back. I see. And so it's not really very permanent. So Canada is basically going to release 25% more emissions just because of giant forest fires this year? They're lucky that they've managed to lobby the international community not to count that within their emissions. So they don't count any land use emissions and things like that within their budgeting. But yeah, basically Canada emitted another 170 million tons this year because of all these forest fires. So when we talk about that carbon removal at the massive gigatons scale, we can't just do it by planting trees. And we can't do it with the current sort of what they call offsets and, you know, the trading of credits and things. We have to do it
Starting point is 00:22:20 by permanently removing carbon from the atmosphere. And there's a lot of different technologies for that. You know, they're not scaled yet. There's big news yesterday, one of the big direct air capture firms, so one of these big companies that puts fans and pulls air through and then sucks the carbon up and puts it in a tank and then buries it back underground. They, were bought by Occidental Petroleum for $1.1 billion. So there's definitely some interest and some growth in the space, but it's still emerging for sure. And the scaling up with that's going to be a huge endeavor. Like, it's going to be a really, really hard thing for us to do in the time frame we have. Well, it's good that the technology actually exists, because I didn't even know that
Starting point is 00:22:55 until I started researching this. And I also didn't know that most of the carbon on the Earth, on the Earth's surface, actually, lives in the ocean. And there's natural processes that do this, rock weathering, which I suppose is like a version of what planetary actually does. And then there's ways that it can be dissolved out of the air to balance. But then your oceans become acidic. Isn't that just kind of like when you use the soda stream and you put carbon dioxide in the water and it sparkles? We don't want that to happen to the ocean. Sounds delicious, but it's not good for the fish. That's exactly right. So the way we explain it is there's two processes that put carbon into the ocean. And the ocean does store like, you're absolutely right. It stores most of the carbon on the air
Starting point is 00:23:33 surface, 88% of the carbon on the earth surfaces in the chemistry of the ocean. And that means it's not in plants or in animals or in rocks. It's actually dissolved in the ocean water. Yeah, I didn't know that. I thought you were going to make something that sinks to the bottom. Like, this is a terrible idea. But it's just in the water. You can't tell that it's even there. That's right. And it's essential because everything in the ocean that forms a shell or a bone or anything like that makes it out of this carbon that's in the ocean. So all this what's called calcium carbonate, is the same stuff that's in your toothpaste or in the cement in your house or whatever, that calcium carbonate is what oyster shells are made out of crab shells, corals, all this kind of stuff. And so the way that
Starting point is 00:24:14 it gets there is on earth, we've got this cool little thermostat type action that happens, where you get rain dissolves all the CO2 out of the atmosphere, and then that rain falls down onto rocks around the world. And because CO2, when it's in water, is an acid, it weatheres off the top layer that dissolves the top layer of that rock, and then neutralizes the acid and forms carbon salt. It's called a bicarbonate. The exact thing you've got it in your house, it's baking soda. I was going to say isn't baking soda bicarbonate? Yeah, so it basically just creates baking soda and then washes into the water. Yeah. And then that's been happening for millennium, millennia, and it really has been on really long time scales, like hundreds of thousands of years,
Starting point is 00:24:54 moderating the amount of carbon dioxide that's in the atmosphere. So if we just stopped everything and said, okay, we're not emitting another ton of CO2 and everybody go to sleep for 200, hundred thousand years, we'd be coming back and like this process would have rebalanced all the carbon in the atmosphere. And it would be all sitting in the chemistry of the ocean as bicarbonate. Wow. So that's the good way, if you will, that it makes the ocean slightly basic, sodium bicarbonate is slightly basic. If you mix it with an acid vinegar, you get that neutralization reaction. So that's a good thing. But then what happens when you radically and rapidly increase the amount of carbon dioxide in the atmosphere is that it also dissolves directly in there. And that happens
Starting point is 00:25:29 much faster than this rock weathering process. So you get CO2 built up in the air, and CO2 is really good at dissolving into water. And so it balances out the concentrations between the air and the ocean. Put a little more CO2 in the air. You're going to get some portion of that, about a third of it, is going to dissolve into the ocean. And so as that happens, that CO2, which becomes an acid in water, it acidifies that water, and it actually makes it harder for all those organisms to get access to those carbonates. So it dissolves the shells of plankton and shellfish and all these kinds of things. And that acidification is a really negative part of climate change as well. Is this why the corals bleach and then eventually die? Is that part of that? It is a little. You know, acidification certainly makes corals less resilient to heat events that would
Starting point is 00:26:16 bleach them out and stuff like that. So usually it's actually marine heat waves. The ocean is like our climate buffer, right? So 90% of additional heat from climate change has been absorbed by the ocean and 30% of the extra CO2 is acid in the ocean. So it's a huge buffer. If we didn't have two-thirds of the earth surface covered in ocean, we would have a way worse climate problem than we have now. So it's this big buffer for that stuff. And luckily it's the majority of the planet,
Starting point is 00:26:41 but it still can't keep up with what we're dumping into the air. So how do we speed up the rock weathering cycle, or is that not possible? So that's exactly what we do. So if you think about it with that rock weathering, the reason it happens slowly is because you've got, very dilute CO2 coming down in rain, and then you've got these rocks that are not very reactive, right? They're just the rocks. If you can take a rock and pre-process it, turn it into a more reactive
Starting point is 00:27:08 form of base or antacid, you can add that directly to seawater and it can neutralize some of that extra CO2 that's dissolving directly in there. And that has a really cool effect because that bicarbonate you're forming while you do that neutralization stays in seawater for 100,000 years. So you've got this really long-term permanent storage of CO2. Wow. Why suddenly after hundreds of thousands of years, then what happens? I mean, do we know? Yeah, we do. So it's part of the global carbon cycle. So basically, after about 100,000 years, I mean, it's really, you can't track an individual molecule of stuff, but on average, it ends up turning into carbonate, so bicarbonate carbonate, which releases some of the CO2 back to the atmosphere, and it settles out on the bottom of the ocean through either
Starting point is 00:27:50 biological action or just through settling. That forms sedimentary rocks. And, And that's where you get limestone from that we get cement from and concrete and all that stuff. And eventually that'll subduck through tectonic action. And over millions and millions of years, it'll come back to the atmosphere through volcanic action. It's a whole cycle, but it's a really slow, really long cycle. Yeah. Normally I don't go, oh, well, that's a problem for future humanity. But if we're talking about 100,000 plus years, I feel okay doing it.
Starting point is 00:28:16 Hopefully by then they'll have figured out. They'll be like, oh, that's an Earth problem. I haven't thought about Earth in a long time. Yeah. Yeah, exactly. If you can put enough antacid into the ocean, you can slurp up a whole lot of CO2 because as you neutralize that, you're also making room for more CO2 to come out of the sky. So it sort of pulls it down and sequesters it within the chemistry of the seawater. So it really turns the ocean into almost like a sponge for CO2.
Starting point is 00:28:44 If you're creating a situation in which it's almost like heat transfer, right? If the water is really cold and you have hot air, some of the heat is going to be absorbed. into the water. So this is like, oh man, we really need these carbon molecules, suck it right out of the air, put it in the water, and the water regains its balance. And you're saying we dump a crap load of roll aids into the ocean, and that is going to suck out millions of tons of carbon? That's pretty much it. Okay. I mean, it sounds so simple. Yeah, I almost don't believe you. Yeah, let's just dump a whole lot of roll aids into the ocean. I mean, the problem is, right, a couple of different things. One is producing roll aids gives you a lot of carbon emissions.
Starting point is 00:29:23 So producing that antacet is hard. This is a human thing. This doesn't really impact the way that the ocean works or anything like that. But if you want to be able to make this profitable, you also have to be able to measure it. And the ocean is super hard to measure, right? It's really big. It sloshes around a lot. And stuff dilutes out really, really quickly.
Starting point is 00:29:43 So actually understanding how to measure this stuff is an emerging space that we're doing a lot of work on. So that's a really hard part of the problem as well. But the fundamental mechanism is that simple. Add an antacid to seawater. You do it very carefully, and then you've got to measure it. Those are the complexities around it, really. But the mechanism's really simple. How do you start this process? Because you've got to figure out creating all that antacid creates carbon. What phase are you at with testing that? Are you able to dump a bunch in and go, hey, look, this actually worked? Yeah, for sure. So we've been doing this now for just about four years. And we're getting to the point now over the next few months where we're doing our first,
Starting point is 00:30:22 what we call field trials. So they're basically net removals from the atmosphere. So we're able to say, even counting the emissions to produce this stuff, we've managed to remove additional CO2 beyond what was produced. So we're putting all the pieces in place. The science of this has been around for several decades. A lot of people have been working on this. My co-founder, Dr. Greg Rao and the company is one of the pioneers in this, and he's been working on it for probably about 20 years, all told. And so there is a lot of science and background and basis for this work. We started four years ago in the lab, you know, you're in test tubes, you've got your little bottle of rollates, and you've got your seawater, and you're putting one in the other, and you're measuring the pH,
Starting point is 00:30:58 and you're measuring how much carbon's in there. And we've scaled that to big swimming pools, and then scaled that to plastic bags in the ocean, so you've got an isolated environment that you can work in. And then last year, we did the very first actual ocean trial of this, where we did a small amount was like four tons that we removed from the atmosphere in the ocean. It's not a lot, but it's also a lot. That's really something. Well, by the end of this year, what is crazy, isn't it? We won't have run it continuously. But if we did, the scale of the projects we're doing this year will remove 6,50070 tons per year. And we're doing two projects at that scale. So we're only going to remove net, I think, about 200 tons total this year. But the scale of the additions that we scale up to
Starting point is 00:31:46 by November 23 will be in that 6,500 range, which is pretty huge. And this is the thing about the ocean is that if we do make this work and we can show that at larger and larger scales, that it's super safe and that we can measure it and we can show that carbon is removed, because the ocean is so huge and because it stores so much of this carbon, it has just the most massive scale potential. So if you talk about that gigatons and gigatons scale industry we need to build, This is the biggest thing we have by almost double any other technology. Yeah, this makes sense, right? Because otherwise you've got to build wind turbines that suck carbon out on everybody's roof,
Starting point is 00:32:24 literally, the whole world. But the ocean is so massive and it doesn't require a machinery. I mean, you need machinery for other parts of this, but the machinery that takes the carbon out is the ocean. You can't beat that. There's just nothing larger on the planet than the ocean. So turning that into one giant test tube essentially, or beaker is amazing. And I know people are like, no, it's not.
Starting point is 00:32:45 You're going to destroy the ocean. We'll get to that in a second. But I want to start from earlier in the supply chain here. Where do you get the antacid? Because if you can't just buy it because it makes more carbon than it absorbs, are you recycling it? Is there just massive amounts of this stuff laying around somewhere from something else? So there is.
Starting point is 00:33:03 It's a really interesting thing. And this has been a big part of our exploration over the last four years. There's a lot of different people working on this problem. So there's people out there who are building kilns. for example, that will capture the CO2 off the top and produce a low carbon antacid, essentially. There's people that are using electricity and using electrochemistry to do that through renewable energy. There are approaches where you can use a natural mind material that doesn't require a lot of emissions because you can use it directly out of the ground. And that's pretty limited.
Starting point is 00:33:32 It's pretty expensive. But I think the biggest one, the most interesting one, is that there's roughly a billion tons a year of what's called waste alkalinity produced by heavy industry every year. The problem with that is that some of it's okay, but some of it's pretty dirty. It's got metals in it, whatever, and we're looking at different things and different ways that we can clean that up. And we're making a lot of really good progress on it. So if you can pre-treat it and clean it up, then you can actually use it in a very low cost and in high-scale way. So it's out there. It's just processing it very carefully so that it's safe to use in ocean settings and things like that. Yeah, using mine waste or tailings or whatever they're called would be great. And it's,
Starting point is 00:34:12 Yeah, mine tailings. Hey, all right. Oh, it's got mercury in it. Oh, okay. But we can take the mercury out. Yeah, we want an emotional roller coaster here. And I'm glad you didn't say, yeah, we just need to figure out how to do that. Because I was thinking, if the answer is, okay, we need nuclear fusion that doesn't exist yet. And then we can use that to clean up the ant-asset or make it and then pull the carbon out of the air. It's like, man, we've really messed up this planet. But if science fiction is still the solution, then that's not good. But you'll love to hear good news in this space, really. I feel like it is so rare to have good news. And this seems certainly good news. And so the mine tailings, you can clean those up and then is it already antacid or it's just there's antacid
Starting point is 00:34:49 as a component to that? So it's mine tailings is one thing. There's also waste from things like steel manufacturing and stuff. There's a lot of stuff out there that has different types of profiles. But it all starts as an antacid or that some component of it is an antacid. So it might be only 30% of this stuff is an antacetacet and the rest is junkie got to. get rid of, it might be that 60% of it is intest and the rest is junky got to get rid of. Depends on the source, you have to be really careful about what you use and how you use it and how you characterize it. So that's a big activity that we undertake, cleaning them up, characterizing them, making sure we can use them, all that kind of stuff.
Starting point is 00:35:22 Are we just creating another bad byproduct, though, because it's, okay, great, we get the end acid. And then also, there's this toxic waste that comes out of it, too. We've got to figure out what to do with that. What ends up becoming of the rest of this stuff? Where's the catch, is I guess what I'm asking you? there's always that, right? So managing the waste of a process that is going to be important. There's no question. We're not talking about forever chemicals. We're not talking about plastics or anything like that. We're talking about metals. We're a little better at managing metals than we are managing some other types of waste. In the sources we're looking at today early on, they're already pretty clean, so they're not going to actually be a big percentage of it that actually has to be managed. But it definitely has to be managed. There's no question you have to be very careful. When you characterize these sources as to what happens to it, a lot of these sources are being landfill anyway. All right. ready. And so you're really landfilling less. It's higher concentration, so you have to be a little more careful with certain different things, but it becomes a little bit easier to manage from that perspective. I guess I'm trying to tease out some of the other positive byproducts that you have
Starting point is 00:36:19 from this too. I read that you get hydrogen out of this. You get some battery materials. Is that not a thing anymore? No, that's not the thing anymore. We're still working on that process, which is what I call the electrochemical process. And it's a really interesting process. It may be actually more applicable to getting rid of waste for things like nickel mines and stuff like that, making them more profitable and producing the antacid as a byproduct. But that's a long cycle for us. It's going to take a long time to get that up and running. And so these sources of alkalinity that are out there that we can clean up today from heavy industry wastes are nearer term. And if we can find enough of them that are clean enough, it gives us the time to build up that
Starting point is 00:36:54 technology into the future. So we're just taking a little emphasis off that and putting the emphasis on, hey, what's available today? Because that'll get us there faster. And frankly, with the scale of the problem and the speed we need to scale up this industry, we have to be moving as fast as we can. This is the Jordan Harbinger Show with our guest, Mike Kelland. We'll be right back. If you like this episode of the show, I invite you to do what other smart and considerate listeners do, maybe pay it forward this holiday season. Share the show and or take a moment and support our amazing sponsors. All the deals, discount codes, ways to support the show are at Jordan Harbinger.com slash deals. You can also email me. I'd love to surface a code for you, especially this holiday season.
Starting point is 00:37:36 Those annual renewals are coming up for the show. Start that e-commerce train rolling. Thank you for supporting those who support this podcast. Now, for the rest of my conversation with Mike Kelland. In an earlier article, it was like the tailings, they give hydrogen. You can sell that. And then there's cobalt to the cobalt. Doesn't need to be mined and release carbon and be mined by child slaves in Africa. We did an episode 807 about all of that. But I do agree. I mean, if you, You can get 20 years worth of this done with stuff that's sitting in massive piles outside of an old mine. That's a good way to kick this thing off. And then, I don't know, fingers crossed when there is fusion.
Starting point is 00:38:13 It's like, okay, now we can make an absolutely enormous, ridiculously large quantity of this stuff. It's been tested out. The environmental impact has been measured. And we can still remove it. Because people are saying, oh, fusion, fusion, fusion. And it's like, okay, fine. But even if fusion existed tomorrow, it's not going to get the carbon. out of the atmosphere unless we have a machine to do that, and that machine is the ocean.
Starting point is 00:38:36 Absolutely. I know some people are going to hear this, and they're going to say, okay, we can remove all this carbon from the air. Why bother lowering the emissions or not building coal power plants? If we can just remove it and you're scaling that up, why bother scaling the emissions down? It is a matter of that word scale. The amount of removal that we can do, like, we're already staring down the barrel of building this insanely large industry around carbon removal and having to do it.
Starting point is 00:39:01 do that in an incredibly short time frame. Every additional day that goes by that we don't start cutting emissions, it becomes bigger and harder. When you think about carbon removal, it's one of these things that I wish we didn't have to do. I've been a canoeer my whole life. That's what I love to do. Get out in the backwoods as deep as I can, try not to kill myself, that kind of thing. But from my perspective, as an environmentalist, everybody I know was yelling about this 30 years ago. And if we had actually started making a difference 30 years ago, instead of essentially doubling the amount of CO2 that's in the air over the last 20 years, we wouldn't need this.
Starting point is 00:39:35 And I'd be perfectly happy not to be doing this. Carbon dioxide removal, it's not a valuable industry, right? It's something we have to do, not something we want to do. It doesn't give anybody energy and it doesn't feed anybody. And there's no value associated with it. We just got to do it now because it's too late. And we've squandered the time we had to fix the carbon problem. You want to do as little of it as it possibly can.
Starting point is 00:39:56 And we already know we need to do a whole ton of it, pardon the pun, but we want to do it as a little as you can. How much does it cost per ton now versus what are you aiming at with scale? Most of the carbon removal stuff in that industry right now is pretty expensive as that emerging industry, like I say, we're like 0.04% of what that industry has to become. I think the average price is about $400-ish dollars a ton, which is way too much. It's just way too much. And the range is even higher, like, up to $2,000 a ton for some pathways and stuff like that.
Starting point is 00:40:30 We think with our approach, we can come in well under $50 a ton and maybe even under $25 a ton. And at that rate, you're sort of getting to a point where it's in line with the numbers that we need to be at to actually get this to the kind of scale we need to get it to. It seems like you almost have to get to negative cost per ton and make it profitable in order to get to the scale that you need. I assume that's occurred to you. I think that the bottom line is it's not going to happen. They've got this thing called the abatement curve. So the abatement curve, if you look across everything the economy does, air travel or making steel or
Starting point is 00:41:05 driving to work or whatever, cross the board, it assigns it a cost per ton of CO2 to abate that CO2. And so when you look at some things, some things actually have a negative abatement cost where it's like, oh, now solar energy is cheaper in some places than fossil fuels. So now putting in place solar is actually cheaper than fossil, so you've got a negative abatement curve. You make money by taking CO2 out of that system. Whereas other things have incredible abatement costs, air travel right now is $1,400 a ton. So if you go out there and somebody's like, oh, yeah, offset your flight for 30 bucks, that does nothing, because the air travel emissions, if you actually wanted to get rid of those, and use sustainable aviation fuel, which is really the only way right now, $1,400 a ton. And so when you
Starting point is 00:41:49 look across that abatement curve, the only things that are negative in terms of CO2 abatement, cost are the things that are actually going to be profitable to decarbonize. Everything else is going to cost us money to decarbonize. And that's just the reality of how this stuff works. What other problems are you expecting as you scale? So we're expecting a lot. It's a lot of work, right? So we've knocked out, I think, all of the baseline things, like the sort of checkmarks to say, can you actually do a project at all at any scale? And we've knocked all those out. We're actually doing projects now. We've managed to work our way through the regulatory environment so that we actually have permission to do this with existing permits and all that kind of stuff. We have a framework to measure the carbon so we can actually
Starting point is 00:42:30 account for it and sell removals to companies and stuff like that and make money as a company. We have got these sources of antacid so that we can have a net carbon benefit. The big things that we need to continue to work on are scaling things. How much carbon can you actually safely remove within this local area, for example. And how do you measure that? And how do you go out and have the good biological understanding that is not affecting the local sea life at certain scales and certain limits? We know really well that it's safe way down here. You know, at billions of tons scale, we have no idea, right? So there's a lot of work to do to get there. Yeah, I was going to ask, and I know people are just clawing at their phone for me to ask this, are you not worried this
Starting point is 00:43:13 is going to destroy the ocean somehow? And what risks are there? Because dumping a bunch of mind-tailing, for lack of a better word, into the ocean. That's what a lot of people are hearing right now. I know the most dangerous place for CO2 is actually in the air where it currently is now. We're all breathing it in and it's doing its thing with the greenhouse effect. But I think a lot of people are going,
Starting point is 00:43:33 maybe don't dump a bunch of crap in the ocean and just keep your fingers crossed and hope that works, because that might be the only thing that's left. Yeah, absolutely. You have to be incredibly cautious with the ocean and how you work with it. we have as a company implemented all kinds of guardrails around us, right? So we've got a code of conduct
Starting point is 00:43:52 that we follow at the board level. Every one of our projects today is partnered with an academic institution where they're monitoring everything that we do. We're working under the careful eye of local regulators who understand how this stuff works. The question of like, is it safe? Is a scale question? Is it safe at this scale? Because is it safe as a null statement. It doesn't really mean anything. So at the scales we're working at now, it's absolutely safe. We're working with products that are used all day, every day in wastewater processing to moderate the pH of the wastewater that goes out into the ocean already. So the regulator understands what safe levels are. We are doing massive amounts of testing for things like trace metals.
Starting point is 00:44:32 We're looking at shading effects. So when you put the stuff out there, if it's not quite dissolved, you don't want it to overly shade the ocean so that plankton and seaweed and stuff doesn't grow. So we're looking at all that kind of stuff and we're keeping ourselves at very low levels compared to what the example. existing permits in wastewater processing already says. So we're at that very low level. And then we're layering on top of that a huge amount of monitoring, right? So we're doing like biological surveys and we're sampling bacteria and we're looking at this really cool thing that you can do in the ocean called EDNA, which is where you take a big sample of seawater and you say, what's all the DNA fragments that have been left here? So what species have been going through this water over the last couple of
Starting point is 00:45:10 days? And you can track and see whether that's changing based on what you're doing. And then we're doing very small scale processes with this to learn all that as we go. And the responsible thing at this point is to work within all of those guardrails and very carefully understand everything about that at this scale and then try it at the very next scale and then try it at the very next scale. That's how it'll work. But one of the things about this, what's really critical to understand, right, is that, first of all, the ocean is not this pristine, untouched environment. Just because we don't live there and we see the surface and it's like, oh, it's beautiful. it's being hit with climate change so much harder than the land is, and we are losing an incredible
Starting point is 00:45:51 amount down there. If you sit there and say, okay, don't put stuff in the ocean, but then right behind you, billions of tons of CO2 are dissolving directly into the ocean. Are you really preventing harm at that point? You're not really. So that's one thing. And the other thing is that acidification is going crazy. If you're on the west coast of North America, the acidification in the ocean because of climate change is so high now that you can't really grow an oyster. If you have an oyster farm, you can't just go and grow oysters unless you do exactly what we're doing. You have to add an antacid and lower that acidity or else your oysters won't grow because it's just too acidic because of all of the CO2. So we're sort of at this point where
Starting point is 00:46:30 what we're doing actually can have a pretty positive restorative effect. It doesn't mean we can be any less cautious. You can't use that as an excuse. But you start with the idea that if we actually could turn back some of this extra acid, we could do some positive restorative effect. And there's been some really good science on that. There was a study they did process identical to ours on the Great Barrier Reef. It was a really shallow area so they could actually really adjust the pH and the acidity of that water. And they saw that as they added an antacid to that water, they had a 7% increase in the growth rate of the corals. And so you had these corals essentially regrowing that had been damaged because of the Santacet coming back in and giving them more of a ocean environment
Starting point is 00:47:15 that they were used to. That's super interesting, man. Look, you're still going to have to manage thousands of people who think that you are coming to their town to dump laxative in the bay outside their home and all the whales and dolphins are going to die and water's going to turn pink. So hire a good publicist, I assume, at some point during your process here, but I'm glad, and I think a lot of us are really glad that you are actually paying attention to this, because I would understand it if you were like, yeah, it's going to screw up tons of stuff, but here's the problem. This is an extinction level event, and we don't have a choice.
Starting point is 00:47:45 And it would be like, oh, okay. This might be a dumb question, but if this bicarbonator, this antacid is taking carbon out of the air, does the water that this chemical is dissolved in have to be in contact with the air? Or does it dissolve so much in all the water uniformly that that just sucks the carbon out of the air? Because I know some parts of the ocean, there's a downward flow of the water. Do you have to figure out what sites where it's just going to stay on the surface? temperature? It's not a dumb question. It was a super good question because that is the hardest part of measuring your carbon and how much carbon you actually get out of the air. The ocean has layers,
Starting point is 00:48:19 essentially. You know when you go swimming in a lake and you jump in and it's all like nice and warm at the top and then it's like cold right underneath and the feeder freezing. That's called stratification. That's where you get layers of water. And in lakes, it's just temperature based. In the ocean, it's temperature based and salt based. So the salinity or the level of salt actually sets up these layers. What happens with that global ocean circulation is that some areas of the ocean won't cycle back up and touch the atmosphere for like a thousand years. Wow. So it's a really long cycle. What you have to be really careful with as we do this and do this process is that you can only count the effect when that reacts with CO2 and then when that water that now has less CO2 in it
Starting point is 00:49:04 gets more CO2 out of the atmosphere. So that's what has to happen. That's It's what's called flux. And so the CO2 has to come out of the air and refill that surface water to bring it back into equilibrium or into the same concentration as the atmosphere. And so that's one of the things we track. We look at that. We go, okay, well, was this region better than that region because it has less of that stratification or it's going to have the alkalinized water, the CO2 depleted water, is going to be at
Starting point is 00:49:31 the surface for longer. And so some sites are better than others from that perspective for sure. Man, I didn't realize the water would stay down in some places for a thousand years. And it's still moving that whole time, right? It just shows you how massive the ocean is, that something can be moving. And this is going to pop up a thousand years later. I mean, I know it doesn't exactly work like this, but if you could float a little test molecule that had a tracking device on it,
Starting point is 00:49:53 you would need a thousand-year battery to look at the cycle of this thing floating through the ocean. It's really incredible. I take it also you're just not going to dump all this stuff in from three or four sites around the world, but it's got to be spread out all over the place, right? So each area would have a relatively small impact, but collectively there's just this massive aggregate carbon removal. Yeah, that's right. Here's a sense of scale for you, because I think this is a wild stat. Say you wanted to be able to measure this effect anywhere in the ocean. So you wanted to be able to put us a little probe in the most sensitive equipment that we have on Earth and be able to actually measure this effect. You would have to add 37 billion tons of antacid to the ocean in one shot.
Starting point is 00:50:32 And then you would be able to instantly measure it on the most sensitive equipment we have. and then it would dissipate and you wouldn't be able to measure it anymore. So 37 billion tons, that's kind of the number. So when we talk about the scale of the ocean and the scale of the carbon in the ocean, like it's that huge. Like it's massively, massively, massively huge. Some of the estimates are that we could do 100 billion tons a year of carbon removal with this process. It's just crazy. But the problem, as you're pointing out, is that you can't do all that in one place. Can't throw it off the dock of a pier in San Francisco and have it do its thing. Now, you can't overload one ecosystem with it, right? Because that local effect or that local spike
Starting point is 00:51:08 is just going to be way too much for anything that you could do, but that's going to be safe. And so exactly our strategy is small amounts at lots of places and try to mirror that magic wand so that you can get an even distribution at all of these various places around the world. I'm afraid to ask this, but who is going to pay for this, right? Because in the United States, you might be able to say, like, hey, if you are producing something, you have to pay for this and maybe there are government-owned or cooperations where it's like a cement plant, but it's doing this. But what about in India and China where they're going to be producing the most carbon
Starting point is 00:51:42 because they're modernizing quickly? And I'm not blaming India and China. I don't want people to be like, how dare you? We already went through our industrial revolution. We've already dumped a billion tons of carbon and we continue to do so. But now we're outsourcing a lot of our carbon pollution to those places who might go, yeah, I'm not paying for that. We're trying to figure out how to feed everyone.
Starting point is 00:52:02 We'll deal with that in 100 years. Oh, we'll be dead by then. Oh, well. Sorry. It's a super interesting political question right now. We're already trading hundreds of billions of dollars in what are called offsets, which is this sort of accounting exercise to reduce emissions. Eventually, ideally, fingers crossed, we get to 2050, those offsets don't matter anymore.
Starting point is 00:52:21 Because like I was saying with offsets, it's kind of like, well, you've got 100 tons, I've got 100 tons, I went under, you went over, I buy yours, right? Or you buy mine. By 2050, nobody has any. We're all at zero. You're not allowed to admit anything. And so what that means is the money that's currently going into those offsets can actually move into removals. And it becomes a really interesting thing from that perspective. But it's a huge international conversation. There's things like what's called Article 6, which is about trading carbon between countries. And different countries are picking
Starting point is 00:52:51 this up. I think it was India that recently said we're not allowing any carbon removal credits to be sold to the rest of the world. They have to stay in India for our own. contributions to international accords. There's countries in Africa that are saying the minimum price will sell it at is 10x, the price of typical forestry credits. So there's a lot of that kind of stuff that's happening right now to get those markets moving. Today, with permanent removals, a lot of what we're seeing in the terms of the funding is what is called a catalytic buyer. So it's really similar to what happened during COVID, where companies would go out or governments would go out and say, okay, I'm going to place an order for 10 million doses of your vaccine.
Starting point is 00:53:28 and then the company be like, we don't even have an idea for how it's going to be made. And they're like, it's okay, here's an order, we're prepaying, we're doing it at risk. That model is actually emerging right now. There's a few different companies that are getting in on it. Shopify in Canada, it's an e-commerce firm that you probably know well. Yeah, they sponsor the show, actually. Oh, do they? Yeah.
Starting point is 00:53:46 Right on. They did an AMC. They were one of the very first one, Stripe. It was another technology company that did. And then they teamed up and they created this thing called Frontier. And Frontier is a billion dollars of advanced market commitment for permanent carbon removal. So it's a really cool initiative that goes out and buys and pre-bys for this to accelerate things. But we're seeing more and more companies getting in and buying into the space. I actually believe that we're going to move to a point with removals that's going to be more about what's called insetting.
Starting point is 00:54:13 So offsetting is like I'm buying carbon credits from somebody else. In setting is I'm doing projects of my own to reduce my own carbon footprint. So I'm going to use those removals to reduce my own carbon footprint. So there's a bunch of different ways that that comes in. some of it's regulatory, some of it's market-based. Everybody's got their own scheme for how these things get funded. I expect it to grow up to a point. I think if we hit all of the IPCC goals,
Starting point is 00:54:38 it'll be a trillion-dollar annual industry by 2050. That's a scale of it. Good news or potentially good news in this space is so rare. And I'm glad that this exists. I'm glad we're having this conversation. And yeah, fingers crossed for this to work at scale, the stakes are really high. You can't overstate that, right?
Starting point is 00:54:55 It's just very difficult to explain. It is an extinction level type of thing for at least much of humanity. And even if we had fusion tomorrow and infinite energy, we still have to figure out how to get the carbon out of the air because we have to undo the mess that we have made, even if everybody gets an electric car this evening and the electricity is free, which it isn't. We still need this technology. So my future is 1% brighter, I suppose. My hypothetical future is 1% brighter.
Starting point is 00:55:24 That's good, man. And, you know, we all have to do whatever we can. I think one of the biggest takeaways I have after getting into this, right, because I was in software before and getting into climate, total world change, right, trying to figure out what to do here. It's a huge problem. It's really hard to get your hands around. It's really hard to figure out what you can do that's productive and helpful. We have to get beyond the anxiety of it. Like, oh my God, it's going to take us all out and all that kind of stuff. You have to get beyond the kind of like, I'm not doing enough in my own life so I can't push others. and get to a point where you find your own way to have leverage on the problem, right?
Starting point is 00:56:00 And you want to keep eating beef. Go keep eating beef, but go lobby your local utility board to put more renewable energy on the grid for you, right? Because that's going to actually have a bigger impact than you stopping eating beef. Go out and do something helpful. It doesn't have to be go start a carbon removal company. Well, you don't want any competition. Is that what's going on?
Starting point is 00:56:18 I can't run an industry the size of the oil industry by myself. I'm just saying you don't have to. There's a lot of different ways to make a really big impact if you get past the enormity of the problem and get yourself into a mode, which is like, what's the little things I can do that have leverage in the matter? Mike Kellan, thank you very much. Right on. Thanks, Jordan. You're about to hear a preview of the Jordan Harbinger Show with Rory Stewart. He walked across Afghanistan post 9-11 in the winter, which is incredible, but even more interesting, is his philosophy on charity. He's president of Give Directly, which gives cash with no strings attached.
Starting point is 00:56:52 I walked across Afghanistan just after 9-11, and it was an amazing time to walk across the country. It was the middle of the winter. I was walking with a giant dog, and the Taliban government had just fallen, but the new government hadn't emerged. And it changed my life. Really, what kept me alive and safe were the villagers.
Starting point is 00:57:11 I remember feeling for the first time so lucky to be with them. I was so tired. I'd been walking then for nearly 28 days without a break, living on bread, and I felt a kind of wonderful sense of brotherhood. It was a very humbling experience. I think the biggest lesson I took from the walk is about global poverty. I was staying with some of the very, very poorest people in the world, and I was seeing a lot of really bad aid programs, really kind of crappy development programs, and a lot of these villages I went to, and such a deep level of cynicism from the local villages about what on earth these foreigners thought,
Starting point is 00:57:51 we're doing, spending all this money and delivering basically no benefit to these villages, basically their phones or their bank accounts, which allows us now to deliver money directly to people's phones without going through governments or middle people. Turns out if you give people cash, it's better than almost any other program, for nutrition, for education enrollment, for health, for shelter. The truth is that we're not yet in a world in which it's realistic to expect people from Global North to pay everything. every month to support the income of people in the global south. To learn why cash charity is best and what's wrong with foreign aid,
Starting point is 00:58:27 check out episode 867 of the Jordan Harbinger Show. So this is fascinating and way better than those fans that somehow blow tons of air over some membrane and it collects the tiniest bit of carbon and after like a week you've got a little tiny, a little dollop, I just don't see that working. You need like a trillion of those. The thing that I don't love, well, in general really, because there are always unforeseen consequences,
Starting point is 00:58:54 but it just kind of seems like we have no choice. I guess we can always put carbon back into the atmosphere if we take out too much, but that seems unlikely, and that's not really the problem that I'm worried about. I worry about our oceans if we are dumping in millions of tons of a substance in there, no matter what that substance is, unless it's water.
Starting point is 00:59:12 It freaks me out a little bit. There's something to worry about here. Oceans are incredibly complex ecosystems. Do we really want to dump 10 million tons or whatever of baking soda in there? I just don't know. I'm glad that Planetary's goals include healing the ocean, not just using it as a giant machine to offset the damage done to the rest of the planet by humanity.
Starting point is 00:59:31 Last year, Planetary won a million dollar XPRIZE for the work, backed by the Musk Foundation. I think it's great that a lot of what's needed is actually also industrial slash mining waste that needs to be processed and moved, not something that needs to be freshly manufactured. It seems almost like it's killing two birds with one stone. Or any bird killing, of course, requires energy, which is. always going to be the bottleneck here, at least for the foreseeable future. So we really need nuclear and or straight up fusion. Take me to that fusion future where this is all totally possible. I think nuclear could still do it. We just, you know, got to build infrastructure. It might take
Starting point is 01:00:04 us longer to build the nuclear infrastructure we need than to actually generate nuclear fusion. Again, what do I know about that? By the way, planetary's already sold a lot of carbon removal to Shopify who sponsors this show. All things, Mike Kelland will be in the show notes at Jordan Harbinger.com or ask the AI chatbot on the website. Transcript. in the show notes. Advertisers, deals, discount codes, ways to support the show, all at Jordan Harbinger.com slash deals. Please consider supporting those who support this show.
Starting point is 01:00:30 Don't forget about six minute networking as well over at Jordan Harbinger.com slash course. I'm at Jordan Harbinger on Twitter and Instagram. You can also connect with me on LinkedIn. This show is created in association with Podcast 1. My team is Jen Harbinger, Jace Sanderson, Robert Fogart, Millie, O'Campo, Ian Baird, and Gabriel Mizrahi.
Starting point is 01:00:48 Remember, we rise by lifting others. The fee for this show is you share, it with friends when you find something useful or interesting. The greatest compliment you can give us is to share the show with those you care about. Now, if you know somebody who's interested in geoengineering, the environment, global warming, science in general, definitely share this episode with them. It might make their day or, you know, their day 100 years in the future whenever we get this tech going. In the meantime, I hope you apply what you hear on the show so you can live what you learn. And we'll see you next time. This episode is sponsored in part by What Was That Like Podcast. If you're looking for a new show
Starting point is 01:01:19 to add to your rotation, something that'll make you stop mid-dishwashing and go, wait, what that actually happened? You got to subscribe to what was that like? It's real people telling the most surreal moments of their lives, and they're not just giving you the highlights, they're walking you through it from the inside as a person who actually lived it, which means you're basically getting a front-row seat to the chaos. One episode is about Scott getting locked up in a foreign jail for a crime he didn't commit. Sure, Scott. Another is Sue's parachute failing. Wow, I'm surprised she was around to tell that story. And then there's Michael who was stabbed on a bus, which makes your commute instantly feel a little bit more relaxing. Do you think?
Starting point is 01:01:51 So if you want to hear some wild and inspiring firsthand stories, I invite you to check out what was that like. Every story is verified. Their site even has photos so you know even the most bizarre stuff you're hearing is somebody's real life. Listen to what was that like on Apple Podcasts, Spotify, or whatever app you're using right now. This episode is sponsored in part by Something You Should Know podcast. Finding a new great podcast shouldn't be this hard, so let me save you some time. If you like the Jordan Harbinger show, you'll probably like Something You Should Know. with Mike Carruthers. It's one of those shows that makes you smarter in a practical, useful way. Same curiosity vibe we go for here, just in a fast-focused format. Mike brings on top experts and
Starting point is 01:02:27 asks the exact questions that you'd want to ask, and the topics are all over the place in the best way. Recently, they've covered things like why we care so much what other people think, the benefits of laughter, why sports fans get so invested, and what makes people like you or not. The through line is always the same. Smart ideas you can actually use in real life. Something You Should Know has been featured in Apple's shows we love, and it's got thousands of five-star reviews because it's consistently interesting. So if you want another show that scratches that I want to understand how people in the world really work, Itch, search for something you should know wherever you get your podcasts. Look for the bright yellow light bulb and start listening. You can
Starting point is 01:03:02 thank me later.

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