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The economics of carbon dioxide removal : a governance perspective

Edenhofer, Ottmar; Franks, Max; Gruner, Friedemann; … - 2024

Carbon dioxide removal (CDR) is becoming an emerging topic in climate policy. We review the nascent economic literature on the governance of CDR and discuss policy design and institutions. We first assess the role of CDR in climate policy portfolios that include abatement and adaptation. Cost...

Persistent link: https://www.econbiz.de/10015134073

Pigou's advice and Sisyphus' warning : carbon pricing with non-permanent carbon-dioxide removal

Kalkuhl, Matthias; Franks, Max; Gruner, Friedemann; … - 2022

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

Do carbon offsets offset carbon?

Calel, Raphael; Colmer, Jonathan; Dechezleprêtre, Antoine - 2021

We develop and implement a new method for identifying wasted subsidies, and use it to provide systematic evidence on the misallocation of carbon offsets in the Clean Development Mechanism - the world's largest carbon offset program. Using newly constructed data on the locations and...

Persistent link: https://www.econbiz.de/10012650589

The role of carbon capture and sequestration policies for climate change mitigation

Kalkuhl, Matthias; Edenhofer, Ottmar; Lessmann, Kai - 2012

-side perspective, carbon capture and storage (CCS) policies differ substantially from renewable energy policies: they increase fossil … renewable energy policies under more realistic parameter settings for imperfect or missing carbon prices. We find that in … contrast to renewable energy policies, CCS policies are not always capable of reducing emissions in the long run. If feasible …

Persistent link: https://www.econbiz.de/10009540761

Stranded assets in the transition to a carbon-free economy

Ploeg, Frederick van der; Rezai, Armon - 2019

Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to...

Persistent link: https://www.econbiz.de/10012156424

The path to net zero emissions

Hoel, Michael - 2024

between extraction of fossil energy resources and CDR. If there is sufficient capacity for storing captured carbon, it will be …

Persistent link: https://www.econbiz.de/10014469202

The transition to carbon capture and storage technologies

Golombek, Rolf; Greaker, Mads; Kverndokk, Snorre; Ma, Lin - 2021

We model the value chain of Carbon Capture, transport and Storage (CCS) by focusing on the decisions taking by actors involved in either capture, transport or storage of CO2. Plants emitting CO2 are located along a Salop circle. If these invest in carbon capture facilities, the captured CO2 is...

Persistent link: https://www.econbiz.de/10012509418

Voting and information : evidence from a field experiment

Carattini, Stefano; Chatterjee, Anomitro; Cherry, Todd L. - 2024

Biased beliefs affect real-world decisions, including political solutions to societal challenges. One crucial example is environmental policy: people tend to underestimate the incentive effect of Pigouvian policies. Addressing biased beliefs at scale is then paramount. In the days leading up to...

Persistent link: https://www.econbiz.de/10015179213

Can revenue recycling kill green technology?

Holtsmark, Katinka - 2024

Carbon tax revenue recycling – returning tax revenue to firms or households that are covered by the carbon tax – can potentially increase political acceptance for carbon taxation and prevent undesirable distributional outcomes and off-shoring. This paper uses a stylized theoretical model to...

Persistent link: https://www.econbiz.de/10015134041

Advancing global carbon abatement with a two-tier climate club

Iverson, Terrence - 2022

A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...

Persistent link: https://www.econbiz.de/10013285515