The Mexican government is shutting down a California startup’s plan to launch balloons that would inject sunlight-reflecting particles into the atmosphere to try to ease global warming
Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJA California tech entrepreneur says he might move his plan to launch sunlight-reflecting particles into the atmosphere to the U.S. or another country, after Mexican officials blocked the project.
“There is no law that prevents me from doing this,” said Luke Iseman, chief executive and founder of Make Sunsets. The startup had raised $750,000 in venture capital and other funds with the idea of selling “cooling credits” to U.S. firms, according to Mr. Iseman.
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