It seems like one way to offset the cost and generate much-needed electricity is to put generators into the pipes above water level. Use noncorrosive parts or linings and the replacement costs fall dramatically.
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Nice idea @rufusfirefly, the use of non-corrosive metal in the design of the pipes for degassification would help in reducing cost, since acidic water, in which the pipes are used is corrosive. But don't forget that the main idea of this article is to find a way of storing the released CO2 so that it won't suffocate lives. You can also share your idea on that here.