I don’t entirely buy into the premise, while I accept global warming I have major concerns about the IPCC, but what the hell, I’m bored so I’ll play along.
Let me add one more premise to yours though. Regardless of what we do, the climate will change. I’m not spewing the common BS argument that it used to be hotter so everything is fine now. Rather I’m saying that even if we control our greenhouse gases emissions, the climate will eventually change due to factors entirely beyond humans control. The factors that caused changes before man would still exist after all. So it’s entirely possible we spend trillions fighting CO2 and then a volcano on the scale of Mount Tambora or Krakatoa changes everything for years anyway.
Since this is pretty much a certainty, I consider spending large amounts of money, resources, and political will to fighting AGW to be pointless. Even if we win that fight, we’ll lose the war against climate change. Now certainly green energy should be pursued, but rather for reasons of energy independence and that oil & coal are limited resources. Since they won’t run out for quite awhile though, there’s no real reason we must have it right this instant. So continue researching it, but delay the plans to push it into production today, even though a lot of it isn’t financially or technologically reasonable yet.
In the mean time, we should in invest in adaptation technologies. These would all provide benefits when the climate changes, regardless of what the reason for the change is. As an added bonus, most of them would provide other benefits currently as well. Here’s some of the techs I think we should be pouring money into instead of all the various carbon capture schemes.
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Desalinization. It’s technologically possible, but still very expensive. Once we have affordable desalinization, we could literally farm the deserts.
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Water management. Along with the desalinization, this needs controlled. Many parts of the world are seriously overtaxing the water table. If we could improve water management that would benefit when the climate changes, and also help head off problems with shrinking water tables which has nothing to do with AGW.
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Improved farming. There are a variety of methods to this, anything from the chemical heavy farming to genetic engineering crops to withstand harsher environments to just better farming methods. I’ve read several recent articles about methods that do not use harsh chemicals or GE modified crops but still yield increases that are roughly similar.
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Disaster management. Within just the last few years we saw an earthquake in china that killed or injured up to half a million, a tsunami that killed a quarter of a million over 14 nations, New Orleans turned into a hellhole for survivors, etc. Climate change is predicted to cause more natural disasters over time. We should be sinking money into preparation for these sorts of things and well developed emergency response to them. Even if AGW doesn’t cause more disasters, it’s not like there aren’t plenty of disasters that have nothing to do with climate change anyway
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Improved infrastructure. Should be self explanatory really. If we’re going to have to move people or goods around to deal with changes, we’ll need an infrastructure to move it around on. This mostly is an issue in the poorer areas of the world. The first world generally has a decent infrastructure, although not without it’s own problems.
Those are just a few suggestions off the top of my head. As you can see, the common point of them is that none are dedicated to fighting AGW. If we can adjust and cope with it instead, that’s a solution as well. It is a solution that has far larger benefits that developing technology for carbon sinks or political treaties to reduce CO2 emissions.