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

Ottmar Edenhofer et al.

Public Finance Analysis / FinanzArchiv2024https://doi.org/10.1628/fa-2023-0012article
AJG 1ABDC B
Weight
0.73

What the paper says

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+amp;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.

9 citations

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https://doi.org/https://doi.org/10.1628/fa-2023-0012

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@article{ottmar2024,
  title        = {{On the Governance of Carbon Dioxide Removal – A Public Economics Perspective}},
  author       = {Ottmar Edenhofer et al.},
  journal      = {Public Finance Analysis / FinanzArchiv},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1628/fa-2023-0012},
}

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

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Evidence weight

0.73

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact1.00 × 0.4 = 0.40
M · momentum0.72 × 0.15 = 0.11
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.