20.01.2018

# New Publications

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Gunderson, Ryan; et al. (2018): A Critical Examination of Geoengineering. Economic and Technological Rationality in Social Context

Gunderson, Ryan; Petersen, Brian; Stuart, Diana (2018): A Critical Examination of Geoengineering. Economic and Technological Rationality in Social Context (Sustainability, 10).

"Substantial emissions reductions, unlike geoengineering, are costly, rely more on social-structural than technical changes, and are at odds with the current social order. Because of this, geoengineering will increasingly be considered a core response to climate change. In light of Herbert Marcuse’s critical theory, the promotion of geoengineering as a market-friendly and high-tech strategy is shown to reflect a society that cannot set substantive aims through reason and transforms what should be considered means (technology and economic production) into ends themselves. Such a condition echoes the first-generation Frankfurt School’s central thesis: instrumental rationality remains irrational."

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14.01.2018

# New Publications

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Faran, Turaj S.; Olsson, Lennart (2018): Geoengineering. Neither economical, nor ethical—a risk–reward nexus analysis of carbon dioxide removal

Faran, Turaj S.; Olsson, Lennart (2018): Geoengineering. Neither economical, nor ethical—a risk–reward nexus analysis of carbon dioxide removal. In Int Environ Agreements 27 (12), p. 555. DOI: 10.1007/s10784-017-9383-8.

"Using the recently developed approach of risk–reward nexus (RRN) in the economics of innovation, we question the economic viability of CDR. The main argument is simple: if one uses the new framework of RRN in evaluating the innovations involved in the CDR branch of geoengineering, not only does one include more areas of risk but also one has to consider a broader base for distributing the rewards. Consequently, from RRN’s point of view, it would be less likely to find investing in CDR economically viable for the investor firms."

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05.01.2018

# New Publications

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Manoussi, Vassiliki; et al. (2017): Optimal Carbon Dioxide Removal in Face of Ocean Carbon Sink Feedback

Manoussi, Vassiliki; Shayegh, Soheil; Tavoni, Massimo (2017): Optimal Carbon Dioxide Removal in Face of Ocean Carbon Sink Feedback. Fondazione Eni Enrico Mattei (FEEM) (Working Paper, 57.2017). Available online at http://ageconsearch.umn.edu/record/266288.

"Here, we provide an economic appraisal to assess the sensitivity of CDR and conventional abatement to CO2 outgassing from the oceans. We develop a theoretical framework to study the impact of the ocean-to-atmosphere transfer on the optimal mitigation strategies under different regimes that control the relationship between CO2 outgassing and the amount of CDR."

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14.11.2017

# New Publications

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Heutel, Garth; et al. (2017): Solar Geoengineering, Uncertainty, and the Price of Carbon

Heutel, Garth; Moreno-Cruz, Juan; Shayegh, Soheil (2017): Solar Geoengineering, Uncertainty, and the Price of Carbon. In Journal of Environmental Economics and Management. DOI: 10.1016/j.jeem.2017.11.002.

"We consider the socially optimal use of solar geoengineering to manage climate change and its implications for carbon emissions abatement policy. We show that solar geoengineering is a substitute for emissions abatement; optimal policy includes less abatement, by up to eight percentage points, and has a lower carbon price, by up to fifteen percent, than recommended by models that ignore solar geoengineering. However, it is an imperfect substitute, since it reduces temperature without reducing atmospheric or ocean carbon concentrations."

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13.10.2017

# New Publications

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Emmerling, Johannes; Tavoni, Massimo (2017): Climate Engineering and Abatement. A ‘flat’ Relationship Under Uncertainty

"The potential of climate engineering to substitute or complement abatement of greenhouse gas emissions has been increasingly debated over the last years. The scientific assessment is driven to a large extent by assumptions regarding its effectiveness, costs, and impacts, all of which are profoundly uncertain. We investigate how this uncertainty about climate engineering affects the optimal abatement policy in the near term."

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07.08.2017

# New Publications

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Tavoni, Massimo; et al. (2017): Challenges and Opportunities for Integrated Modeling of Climate Engineering

Tavoni, Massimo; Bosetti, Valentina; Shayegh, Soheil; Drouet, Laurent; Emmerling, Johannes; Fuss, Sabine et al. (2017): Challenges and Opportunities for Integrated Modeling of Climate Engineering. Fondazione Eni Enrico Mattei (FEEM). Milan (Nota di Lavoro, 38.2017).

"By reviewing the existing literature and reporting the views of experts, we identify research gaps and priorities for improving the integrated assessment of climate engineering. Results point to differentiated roles of CDR and SRM as complementary strategies to the traditional ones, as well as diverse challenges for an adequate representation in integrated assessment models. We identify potential synergies for model development which can help better represent mitigation and adaptation challenges, as well as climate engineering."

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21.07.2017

# New Publications

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Moreno-Cruz, Juan B.; et al. (2017): An Economic Anatomy of Optimal Climate Policy

Moreno-Cruz, Juan B.; Wagner, Gernot; Keith, David W. (2017): An Economic Anatomy of Optimal Climate Policy. (HKS Faculty Research Working Paper Series, RWP17-028).

"This paper introduces geoengineering into an optimal control model of climate change economics. Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. We show in the context of our model that: (i) a carbon tax is the optimal response to the unpriced carbon externality only if it equals the marginal cost of carbon geoengineering; (ii) the introduction of solar geoengineering leads to higher emissions yet lower temperatures, and, thus, increased welfare; and (iii) solar geoengineering, in effect, is a public goods version of adaptation that also lowers temperatures."

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07.06.2017

# Media

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ASU Now: Team launches initiative to develop viable market for waste carbon dioxide

"ASU partnering with Center for Carbon Removal, other research institutions to find economic opportunities in climate challenge."

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04.05.2017

# New Publications

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Solano Rodriguez, Baltazar; et al. (2016): Decarbonizing the EU energy system by 2050. An important role for BECCS

Solano Rodriguez, Baltazar; Drummond, Paul; Ekins, Paul (2016): Decarbonizing the EU energy system by 2050. An important role for BECCS. In Climate Policy 17 (sup1), S93-S110. DOI: 10.1080/14693062.2016.1242058.

"This article examines the implications for the EU’s energy system if an 80% reduction in CO2 emissions is to be achieved by 2050 against 1990 levels, using the European TIMES Model (ETM-UCL) to project a least-cost pathway that meets this CO2 constraint (‘Policy Success’), along with milestone targets for 2020. A Reference scenario (no CO2 constraints post-2020) was analysed to allow for comparison."

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21.04.2017

# Media

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Republic of East Vancouver: Carbon Dioxide Co2 Removal System Market Research Report Now Available at Research Corridor

"Research Corridor has published a new research study titled “Carbon Dioxide Co2 Removal System Market – Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 – 2022”. The Carbon Dioxide Co2 Removal System market report studies current as well as future aspects of the Carbon Dioxide Co2 Removal System Market based upon factors such as market dynamics, key ongoing trends and segmentation analysis. Apart from the above elements, the Carbon Dioxide Co2 Removal System Market research report provides a 360-degree view of the Carbon Dioxide Co2 Removal System industry with geographic segmentation, statistical forecast and the competitive landscape."

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