Carbon capture subsidies, and Japan’s nuclear U-turn

The Inflation Reduction Act, which US President Joe Biden signed into law last week, will allocate tens of billions of dollars in projects designed to capture carbon dioxide that would otherwise be released from power plants and industrial facilities. This provision has proven to be one of the most controversial climate clauses in the overall spending package.

Critics argue that tax credits for so-called carbon capture and storage are a boon to the fossil fuel industry. But in the fierce debate, it is often lost that technology can play a critical role in accelerating emissions reductions across a variety of industries, including cleaning up highly polluting industrial sectors such as cement, steel and fertilizers.

The subsidies should spur the development of CO2 pipelines and storage facilities, which will be necessary to lower the cost of other carbon capture efforts, as well as provide a significant boost to increased efforts to absorb greenhouse gases from the atmosphere on a large scale. Read the full story.

– James Temple

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I’ve combed the internet to find the most interesting/important/scary/cool stories about technology today.

1 Japan will start using nuclear energy again
More than a decade after the Fukushima disaster, the country plans to build new nuclear plants to curb rising energy costs. (F $)
+ Restarting existing stations can help avoid future blackouts. (Bloomberg $)
+ Safer Nuclear Reactors That Could Help Stop Climate Change. (MIT Technology Review)

2 Meta and Twitter have removed fake accounts promoting pro-US propaganda
The accounts have used deceptive tactics to spread narratives defending America. (Bloomberg $)
+ Google is cracking down on misinformation in Europe. (Reuters)
+ Moderation in social media tends to reflect and reinforce our biases. (the information $)
+ A vaccine skeptic has been brought back to Twitter after filing a lawsuit against the platform. (Atlantic Ocean $)

3 Psilocybin can help people with alcoholism stop drinking
A narcotic compound may increase their ability to change their behavior. (new world $)
+ Taking the drug also reduced participants in another study’s fear of death. (Motherboard)
+ Virtual reality is as good as a psychedelic at helping people reach transcendence. (MIT Technology Review)

4 Criminals Stole Over $100 Million From NFTs
Since July last year. (Watchman)
+ White hat hackers are encouraged to return exposed loot in exchange for NFT. (Cointelegraph)

5 Amazon Care is closed
Several years after its release. (The Wall Street Journal $)

6 Andrew Tate Rides The Latest Wave Of Misogyny
It’s far from the first and won’t be the latest either. (Fox)
+ Here’s why Big Tech has deleted their accounts. (The New York Times $)

7 We must be able to replace electric car batteries
But manufacturers are focusing more on developing charging networks slowly. (economic $)
+ Repairing a Tesla car is a long and laborious process.(Recode)
+ The United States has only 6000 fast charging stations for electric cars. (MIT Technology Review)

8 Have We Reached Peak Television? 📺
This fall will usher in some of the most expensive shows ever. But are they good? (F $)

9 Everyone Praises Little Internet Celebrities
They have more fun than full-fledged influencers. (WP $)

10 Black Goo Isn’t Just Sci-Fi
Conspiracy theorists are intent on revealing its origins. (wired $)

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