A policy roadmap for negative emissions using direct air capture
Jonas Meckling () and
Eric Biber
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Jonas Meckling: University of California
Eric Biber: University of California
Nature Communications, 2021, vol. 12, issue 1, 1-6
Abstract:
Abstract Negative emission strategies are central to avoiding catastrophic climate change. Engineered solutions such as direct air capture are far from cost-competitive. As past low-carbon technology transitions suggest, this calls for policy and political strategies beyond carbon pricing. We adopt a policy sequencing perspective that identifies policies that could create niche markets, building political support for later widespread deployment of direct air capture. Climate leaders could pursue an “incentives + mandates” policy strategy targeted at the oil and gas industry. These early moves could create global spillovers for follower countries by reducing technology cost and facilitating knowledge transfer through global firms.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:nat:natcom:v:12:y:2021:i:1:d:10.1038_s41467-021-22347-1
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DOI: 10.1038/s41467-021-22347-1
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