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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 dioxide removal from the atmosphere is becoming an important option to achieve net zero climate targets. This paper develops a welfare and public economics perspective on optimal policies for carbon removal and storage in non-permanent sinks like forests, soil, oceans, wood products or...
Persistent link: https://www.econbiz.de/10013473710
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
Carbon dioxide capture and storage (CCS) is considered to be an important option for reducing carbon dioxide (CO2 …
Persistent link: https://www.econbiz.de/10011280020
We analyze the use of patent protection as a new policy to direct technical change to clean technology. Contrary to popular belief, it is dirty (and not clean) innovations that should be excluded from patent protection to reduce emissions. In the shortrun, removing patent protection on dirty...
Persistent link: https://www.econbiz.de/10014333456
This paper uses an integrated assessment model to quantify the climate R&D investment strategy for a variety of scenarios fully consistent with 2°C. We estimate the total climate R&D investment needs in approximately 1 USD Trillion cumulatively in the period 2010-2030, and 1.6 USD Trillions in...
Persistent link: https://www.econbiz.de/10010203419
Theoretical analysis and empirical evidence show that leadership behavior in climate policy through increased abatement efforts or international transfers cannot be expected to be very successful. In this paper we instead show that pioneering activities, which are based on green technological...
Persistent link: https://www.econbiz.de/10011346872
from this price decrease, which reduces the abatement cost. In contrast, CO2 capture and storage (CCS) does not reduce … important. Indeed, for a given unilateral abatement in OECD countries, leakage is more than halved in a scenario with CCS … included among the abatement options, compared to a scenario prohibiting CCS. We show that the main reason for this difference …
Persistent link: https://www.econbiz.de/10008840955
There is widespread concern that climate policy is moving too slowly and that decarbonization of economic development is coming too late for effective climate protection. We analyze three different effects that emerge endogenously during decarbonization and amplify current policies: growing...
Persistent link: https://www.econbiz.de/10014502190