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  On the Governance of Carbon Dioxide Removal – A Public Economics Perspective

Edenhofer, O., Franks, R. M., Kalkuhl, M., Runge-Metzger, A. (2024): On the Governance of Carbon Dioxide Removal – A Public Economics Perspective. - FinanzArchiv - Public Finance Analysis, 80, 1, 70-110.
https://doi.org/10.1628/fa-2023-0012

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 Urheber:
Edenhofer, Ottmar1, Autor              
Franks, R. Maximilian1, Autor              
Kalkuhl, Matthias2, Autor
Runge-Metzger, Artur2, Autor
Affiliations:
1Potsdam Institute for Climate Impact Research, Potsdam, ou_persistent13              
2External Organizations, ou_persistent22              

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 Zusammenfassung: Climate policy increasingly requires carbon dioxide removal (CDR). We describe its role, characterize optimal flows for non-permanent removals and describe optimal pricing regimes under different information and liability conditions. Non-permanent removal – though to a certain extent optimal – creates liabilities that warrant careful risk management. Thus, seemingly cheap land-based technologies can become expensive. We discuss possibilities for integrating CDR in the EU policy architecture and define four tasks: managing the emission cap; R&D support; quality certification of removals; management of liabilities from non-permanent CDR. We propose three institutions for these tasks: a European Carbon Central Bank, a Carbon Removal Certification Authority and a Green Leap Innovation Authority.

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Sprache(n): eng - Englisch
 Datum: 2023-11-302024-03-01
 Publikationsstatus: Final veröffentlicht
 Seiten: 41
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: -
 Art der Begutachtung: Expertenbegutachtung
 Identifikatoren: DOI: 10.1628/fa-2023-0012
Research topic keyword: Economics
PIKDOMAIN: Director / Executive Staff / Science & Society
Organisational keyword: Director Edenhofer
PIKDOMAIN: RD3 - Transformation Pathways
Organisational keyword: RD3 - Transformation Pathways
MDB-ID: pending
 Art des Abschluß: -

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Titel: FinanzArchiv - Public Finance Analysis
Genre der Quelle: Zeitschrift, SCI, Scopus
 Urheber:
Affiliations:
Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: 80 (1) Artikelnummer: - Start- / Endseite: 70 - 110 Identifikator: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/finanzarchiv
Publisher: Mohr Siebeck