Unlocking CO2 Infrastructure Deployment The Impact of Carbon Removal Accounting

التفاصيل البيبلوغرافية
العنوان: Unlocking CO2 Infrastructure Deployment The Impact of Carbon Removal Accounting
المؤلفون: Jagu, Emma, Massol, Olivier
المساهمون: Belli, Catherine
بيانات النشر: HAL CCSD, 2022.
سنة النشر: 2022
مصطلحات موضوعية: [SHS] Humanities and Social Sciences, Carbon removal certification, Negative Emissions, Bioenergy Energy with Carbon Capture and Storage, CO2 infrastructures, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Carbon removal accounting
الوصف: Carbon removal certification may become a powerful instrument to accelerate decarbonization efforts.In Europe, its implementation is expected to foster the deployment of Bioenergy with Carbon Captureand Storage (BECCS). Yet, the large-scale adoption of BECCS is also limited by the availability of acostly CO2 transportation infrastructure shared with fossil-fueled emitters. In this paper, we examine the interactions between carbon removal accounting (which determines financial incentives for BECCS) and optimal CO2 infrastructure deployment by asking how certification affects the feasibility of BECCS projects. We propose an original economic framework to explore this question and apply it to a real case study in Sweden. We show that, although a carbon removal accounting framework based on a lifecycle methodology discourages investment in inefficient BECCS processes, it may lead to locking out BECCS from CO2 infrastructures. Our results suggest that a trade-off must be found between accurately evaluating carbon removal and avoiding BECCS lock-out. We formulate two policy recommendations to overcome this trade-off: (i) deploying sustainable biomass certification to incentivize more carbonefficient BECCS process, and (ii) stimulating public and private demand for carbon removal credits to induce a higher price for sustainable carbon removal than for carbon mitigation.
وصف الملف: application/pdf
اللغة: English
URL الوصول: https://explore.openaire.eu/search/publication?articleId=od_______166::3e6194b76fdb14f42a72d53202045a05
https://hal-ifp.archives-ouvertes.fr/hal-03609403
حقوق: OPEN
رقم الأكسشن: edsair.od.......166..3e6194b76fdb14f42a72d53202045a05
قاعدة البيانات: OpenAIRE