Paris Agreement CCS Policy and Mechanisms

KAPSARC, King Abdullah Petroleum Studies and Research Center
Additional contact information
KAPSARC, King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Carbon capture and storage (CCS) is one of a limited number of ways to reach the Paris Agreement’s objective of net-zero carbon dioxide (CO2) emissions in the second half of this century. The world’s remaining carbon budget of 900 gigatonnes (Gt) will become depleted around 2040 at the current emissions rate of some 40 Gt per year. Deploying CCS at scale provides an economically feasible way of achieving the net-zero objective. A recent KAPSARC publication, “A Mechanism for CCS in the Post-Paris Era,” developed the concept of a new CCS-specific technology mechanism under Article 6 of the Agreement that could overcome historical barriers to the deployment of CCS. This would take the form of a new tradable asset or carbon storage unit (CSU) representing one verified tonne of CO2 stored or sequestered geologically with no intrinsic emissions reduction value.

Keywords: Paris agreement; Carbon Capture and Storage (CCS); Carbon Dioxide emissions (CO2) (search for similar items in EconPapers)
Pages: 15 pages
Date: 2019-07
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kapsarc.org/research/publications/pari ... licy-and-mechanisms/ First version, 2019 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2019-wb27

DOI: 10.30573/KS--2019-WB27

Access Statistics for this paper

More papers in Workshop Briefs from King Abdullah Petroleum Studies and Research Center Contact information at EDIRC.
Bibliographic data for series maintained by Michael Gaffney ().