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removals by sinks” in the second half of this century. Carbon capture and storage (CCS) technology, after having been hailed as … potential benefits, CCS development and deployment proceeded at a far slower rate than what was expected and are struggling to … explores the main progress and deadlocks in CCS’s difficult path. …
Persistent link: https://www.econbiz.de/10011457745
Carbon Capture Utilization and Storage (CCUS) stands as a pivotal technology crucial for achieving the most ambitious climate objectives. Despite its prominent inclusion in energy mix projections, its current deployment falls short of the requisite level. Additionally, uncertainties surrounding...
Persistent link: https://www.econbiz.de/10014438553
perspective, the vast majority of energy analyses and scenarios project a fundamental role of Carbon Capture & Storage (CCS … progressively delayed deployment of CCS plants from a climate, energy, and economic perspective, focusing in particular on the power …-industrial levels. The analysis shows that CCS will be a key mitigation option at a global level for carbon mitigation, achieving about …
Persistent link: https://www.econbiz.de/10012006569
First-best optimal forest sector carbon policy is examined. Using a comprehensive forest sector model with a detailed carbon cycle section we show that the renewability and carbon neutrality arguments do not warrant emission free treatment of forest bioenergy. However, under the biomass stock...
Persistent link: https://www.econbiz.de/10010250434
Policies aimed at reducing emissions from fossil fuels may increase climate damages. This "Green Paradox" emerges if resource owners increase near-term extraction in fear of stricter future policy measures. Hans-Werner Sinn (2008) showed that the paradox occurs when increasing resource taxes are...
Persistent link: https://www.econbiz.de/10009506347
, forest carbon storage dominates. However, when carbon prices pass $235/tCO2, wood bioenergy with CCS becomes increasingly …
Persistent link: https://www.econbiz.de/10011451543
Computable general equilibrium (CGE) models are widely used to analyse macroeconomic and sectoral effects of climate policies. Developing new and improving existing carbon-free energy technologies will be crucial to limit the long-term economic costs of mitigation policies. Such technologies are...
Persistent link: https://www.econbiz.de/10010476204
We develop a theoretical model of directed technical change in which clean (zero emissions) and dirty (emissions-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create inertia in a transition to clean growth....
Persistent link: https://www.econbiz.de/10010403517
China's rampant environmental pollution problems and rising greenhouse gas emissions and the resulting climate change are undermining its long-term economic growth. China, from its own perspective cannot afford to and, from an international perspective, is not meant to continue on the...
Persistent link: https://www.econbiz.de/10010203427
In this paper we argue that when a subgroup of countries cooperate on emission reduction, the optimal response of non-signatory countries reflects the interaction between three potentially opposing factors, the incentive to free-ride on the benefits of cooperation, the incentive to expand the...
Persistent link: https://www.econbiz.de/10009379764