The Secret Investment Formula of a Chemical Genius - Chapter 160



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This is a warning!

The reporters sitting in the White House Rose Garden read the serious meaning embedded in President Larry Selden’s words.

If the plan goes smoothly as he said.

Maybe in three years the US will truly achieve carbon neutrality.

And once the purpose was achieved, it was obvious where the tip of the sword would be pointed.

Although he did not push for an America First policy as blatantly as his predecessor.

President Larry Selden’s economic policies have not changed much compared to the previous administration.

A completely different course of action than expected.

That’s why people are concerned about America’s economic policy.

Republicans and Democrats.

There was a suspicious eye on whether the two major political parties leading the United States, while outwardly pretending to fight, had actually reached a bipartisan agreement.

Is this going to be a mess?

Reporter Shin A-young swallowed dry saliva and looked around.

Most of the reporters present, excluding those of American nationality, had unpleasant expressions.

Warnings that a carbon barrier will be erected.

It came from the mouth of the President of the United States, the world’s largest economic entity.

But, as if he had no sense of the seriousness of the situation, President Larry Selden smiled brightly at the press corps.

“Do you have any questions?”

Every single reporter gathered in the Rose Garden raised their hands without exception.

Larry Selden pointed to a dark-skinned Indian reporter among them.

“You said you would create a CCUS cluster in the San Joaquin Valley to lead the way toward carbon neutrality. Does that mean you can apply that standard to other countries?”

“Shouldn’t that be the case? This is the era of free trade. It would be right to apply the same standards as the United States.”

… … Free trade is not meant to be used in that sense.

In the words of President Larry Selden, who was calm.

When Shin A-young looked at the reporter who had asked the question, who was smiling without realizing it, his expression became extremely stiff.

“However, there are still many countries in the world whose industrial structures are not yet mature. If we apply the same standards to those countries, their economies will not be able to survive. What does President Larry Selden think about this?”

“Of course I think so too. Just because the US has succeeded in achieving carbon neutrality, we don’t intend to immediately impose that standard on developing countries. We intend to give them enough time to prepare.”

To a slightly reserved answer.

Just as the reporter was about to breathe a sigh of relief.

“However, the climate crisis and carbon neutrality issues are not limited to the United States, but are issues that the entire world must consider and resolve together, so I do not plan to make a big difference between developed and developing countries.”

Give me time to prepare.

But don’t ride without a ticket!

While the Indian reporter sat down with a gloomy expression, unable to get the answer he wanted.

President Larry Selden singled out another reporter.

“This is Oscar Young from Redean, UK. You just announced that you will achieve carbon neutrality within three years. I understand that the US originally set a mid-term carbon plan targeting 2050. In fact, other countries have set similar time frames. Isn’t it too much to ask that other countries join you in achieving carbon neutrality in a few years?”

Even though it was a pretty sharp question.

President Larry Selden chuckled.

“First, let me get one thing straight. I didn’t ‘demand’ carbon neutrality from other countries. I just politely ‘requested’ it.”

“… … .”

“… … .”

While the reporters were making bewildered expressions.

He continued speaking calmly.

“Also, as Oscar Young just mentioned, we fully sympathize with the practical issues. And to solve that problem, we plan to establish an exchange so that companies in other countries can easily trade carbon credits.”

“exchange?!”

“Are you saying you’re going to create a carbon emissions trading floor now?”

The keyword is exchange.

With the big news breaking one after another, the reporters started to get agitated.

In the meantime.

Some reporters quickly raised their hands.

“Reporter over there.”

“You said you would establish a new exchange, but I understand that there are already emissions trading markets in Europe and other countries.”

The question is, what is the difference between the existing carbon emissions exchange and the one coming to the United States?

“In the carbon emissions market, ‘allocation emissions’ and ‘offset emissions’ are currently traded with equal value.”

Allocated emission rights are carbon emission rights that each country’s government has allocated to the target companies.

“But as you know, allocated credits don’t help much with carbon neutrality. That’s why the only real carbon credits are offset credits.”

Unlike quota emissions, which are capped arbitrarily by agreement between people,

Offset credits are credits for carbon emissions based on the actual amount of carbon reduction.

“The problem is that the carbon emissions market has been structured in a way that allows for allocations to overwhelm offsets. I intend to fix that.”

“That means… … .”

President Larry Selden nodded.

“We plan to gradually phase out quota emissions and create a market for only offset emissions. The new exchange that will be established in the United States will be the cornerstone of that. You asked me earlier how it is different from other carbon emissions exchanges. Unlike exchanges in other countries, the US exchange actually removes carbon dioxide from the atmosphere as trading becomes more active. That should answer your question.”

I am different from you!

President Larry Selden speaks with confidence.

But the reporters’ attention was not on him, but on an Asian man with a blunt face standing right behind him.

Han Yu-jin.

A genius scientist who has attracted the attention of the entire world in less than two years since his appearance in the world.

In fact, it’s something that wouldn’t have even started if Han Yu-jin wasn’t there.

The reporters couldn’t take their eyes off him, the source of President Larry Selden’s confidence.

“Hey, reporter.”

When Shin A-young was pointed out, she tried to control her trembling voice as much as possible.

“I would like to ask a question to Ms. Han Yu-jin, who is behind me, rather than to President Larry Selden. Is that okay?”

“Of course!”

As President Larry Selden readily gave up his seat, Han Yu-jin took a step forward.

“This time, it seems that CZTERA and Han Yu-jin have played a pivotal role in the US CCUS carbon cluster. I would like to hear your thoughts on this.”

“I will work hard.”

Just leaving one short comment.

Han Yu-jin quietly stepped back.

“… … .”

“… … .”

“I don’t know if this answers your question.”

President Larry Selden shrugged.

After that, there was a heated Q&A session with reporters.

Following reporter Shin A-young, other reporters also asked Han Yu-jin various questions.

Every time, he made reporters sigh with his short, one-liner answers.

“Then, I will conclude today’s press conference here.”

The reporters inside the Rose Garden couldn’t take their eyes off Han Yu-jin’s back as she walked away.

* * *

President Larry Selden’s press conference held in the White House Rose Garden was quickly relayed to the world via reporters’ laptops.

【$200 Billion Carbon Cluster to be Built in San Joaquin Valley!】

【President Larry Selden Announces Plan to Launch Carbon Emissions Trading Platform】

【Is America Raising Its Carbon Barrier?】

【What is the difference between allocated emissions and offset emissions?】

【200 Days Until the US Presidential Election, Will It Become a New Variable?】

.

.

.

Articles began to pour in, with every word President Larry Selden said making headlines.

Many countries around the world are also in a state of emergency.

We started to move quickly to find out the truth behind the bombshell statement from the US President.

… …

– Uh… Why is my brother there?

└ It’s not just me who feels that way. LOL

└ I was reading a newspaper article without thinking and spit out the cola in my mouth… … .

└ Me too. At first I thought it was synthetic.

└ Professor! When did you go to America? Hahaha

└ This is crazy… … 200 billion

└ Let me be precise. It’s not 200 billion won, it’s 200 billion dollars.

└ That’s over 250 trillion won in our currency. It’s ridiculous.

└ I searched to buy CZTERA stocks, but why doesn’t it come up?

└ It is an unlisted company. Even if you want to buy it, it is difficult.

└ Are there no over-the-counter transactions?

└ Do you have the money to buy it? I checked and it looks like the total number of shares is only 10,000.

└ How much will the share price be?

└ I saw it in Fortune last time, and it was at least $100 billion.

└ Over 12 billion per week?

└ Keep that to a minimum.

– Look at the American spirit. It’s crazy.

└ Just boldly declare that you’re going to rip off the whole world!

└ Right now, other countries’ internet communities are going crazy because of this too ㅋㅋㅋ

└ That’s right. The carbon barrier is set so high in the US.

└ At first, I thought they were crazy because they said it was 200 billion dollars. It’s America after all.

└ Yeah, I had it all planned out.

└ If a new exchange is established there, what about other countries?

└ I’m a beggar who’s going bankrupt. That’s why all companies are in an emergency situation right now. It’s the same for companies in other countries.

└ Why is CEO Han Yu-jin doing such business in the United States?

└ What? You want me to do it in Korea? Haha. Then give me 250 trillion won in support.

└ Imagine if our country’s president made such an announcement, would other countries just sit by and watch?

└ It’s possible in America. Nod nod!

└ It is not called the Celestial Empire for nothing.

└ Is our country okay?

└ Is that okay? Korea’s carbon neutrality ratio is 7%. The lowest in OECD.

└ There’s CEO Han Yu-jin.

└ Hmm… … .

└ I don’t know yet what kind of contract the US and CZTERA have exactly.

└ But, who is in charge of that 200 billion dollar construction project?

└ Oh my! I didn’t think of that because it was such a shocking story.

└ Are you sure CZTREA is in charge of the entire construction?

└ Possible. It seems like they are planning to design the cluster around CZTERA.

└ I’m currently working at a construction company, and my company’s CEO is holding the phone and calling CZTERA.

└ Well, the construction industry in our country is already in a slump, so the company that wins the business license won’t have to worry about work for at least 5 years.

└ Are you talking to CZTERA right now?

└ Will it work? Haha. From government agencies, to companies inquiring about purchasing carbon emissions, to construction companies. I think the phones will light up.

└ When will CEO Han Yu-jin come back to Korea!!!!!

* * *

“… … What is this?”

President Larry Selden tilted his head.

“As you can see, it’s a water bottle. It’s half full.”

He accepted the plastic water bottle I handed him and frowned.

“Is there any special effect to the water inside…?”

I smiled faintly without realizing it.

Why do people who receive something from me think they have some special function?

“No, it’s just regular tap water.”

“Why are you giving this to me?”

He stared at me as if he couldn’t understand English.

“What if that water bottle were a gift from me to the President?”

“Was this a gift?”

A somewhat uneasy look.

“Do you feel like you’ve been giving away trash?”

“That’s not what I meant.”

As expected from a politician who is good at controlling his facial expressions.

President Larry Selden had suddenly reverted to his original face.

“You can be honest with me. If I were in your shoes, I would think the same way.”

President Larry Selden just laughed quietly.

If someone other than me had handed you that bottle of water, wouldn’t you have been annoyed?

but…….

“Let’s say the President were stranded in the desert, alone, and spent two days there.”

“It’s horrible just to imagine.”

Contrary to her whining appearance.

Now realize that I’m not joking.

The president had a serious look on his face.

“If I had handed this to you back then, what would the President think?”

“Wouldn’t you have been grateful? Probably because it was a desert and they couldn’t get enough water.”

I nodded slightly.

“That’s right. I’m sure other people thought the same thing. But don’t you think it’s strange?”

“What are you talking about?”

“Didn’t the President just look a little flustered when I handed him the same bottle of water?”

“… … !”

I think you got what I was trying to say.

President Larry Selden’s pupils dilated.

“The essence has not changed at all, but it is just perceived very differently depending on the situation or point of view of the person receiving it.”

I glanced at President Larry Selden.

“Don’t you think so?”