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

Edenhofer, Ottmar; Franks, R. Maximilian; Kalkuhl, Matthias; Runge-Metzger, Artur

doi:10.1628/fa-2023-0012

アイテム詳細

登録内容を編集ファイル形式で保存

一時保存へ追加

タグ情報を表示リリース履歴を表示詳細要約

公開

学術論文

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

Authors

/persons/resource/Ottmar.Edenhofer

Edenhofer, Ottmar
Potsdam Institute for Climate Impact Research;

/persons/resource/franks

Franks, R. Maximilian
Potsdam Institute for Climate Impact Research;

Kalkuhl, Matthias
External Organizations;

Runge-Metzger, Artur
External Organizations;

URL

There are no locators available

フルテキスト (公開)

There are no public fulltexts stored in PIKpublic

付随資料 (公開)

There is no public supplementary material available

引用

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. doi:10.1628/fa-2023-0012.

引用: https://publications.pik-potsdam.de/pubman/item/item_29757

要旨

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.