Evaluating carbon removal: Integrating technical potential with environmental, social, governance criteria, and sequestration permanence

J. Mertens, Christian Breyer, Ronnie Belmans, Corinne Gendron, Patrice Geoffron, Carolyn Fischer, Elodie Du Fornel, Richard Lester, Kimberly A. Nicholas, Paulo Emilio V. De Miranda, Sarah Palhol, Peter Verwee, Olivier Sala, Michael Webber and Koenraad Debackere
Additional contact information
J. Mertens: UGent - Universiteit Gent = Ghent University = Université de Gand
Christian Breyer: LUT - Luleå University of Technology = Luleå Tekniska Universitet
Ronnie Belmans: KU Leuven - Catholic University of Leuven = Katholieke Universiteit Leuven
Corinne Gendron: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, ICN Business School, UQAM - Université du Québec à Montréal = University of Québec in Montréal
Patrice Geoffron: LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Carolyn Fischer: WBG = GBM - World Bank Group = Groupe Banque Mondiale
Elodie Du Fornel: ENGIE
Richard Lester: MIT - Massachusetts Institute of Technology
Kimberly A. Nicholas: LUCSUS - Lund University Centre for Sustainability Studies
Paulo Emilio V. De Miranda: UFRJ - Universidade Federal do Rio de Janeiro [Brasil] = Federal University of Rio de Janeiro [Brazil] = Université fédérale de Rio de Janeiro [Brésil]
Sarah Palhol: ENGIE
Peter Verwee: ENGIE
Olivier Sala: ENGIE
Michael Webber: University of Texas at Austin [Austin]
Koenraad Debackere: KU Leuven - Catholic University of Leuven = Katholieke Universiteit Leuven

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Abstract: Climate modeling suggests that achieving international climate goals requires a reduction in current CO2 emissions by over 90%, with any remaining emissions to be addressed through carbon dioxide removal (CDR) solutions. Sixteen CDR strategies are evaluated by integrating technical potential, environmental, social, and governance (ESG) criteria, along with sequestration permanence. This evaluation, conducted by ENGIE's scientific council using an interdisciplinary Delphi panel methodology, proposes a "quality" measure for each technology. This measure combines ESG scores and sequestration timescales to rank and select the most promising solutions. The findings highlight the necessity for further research to understand and mitigate ESG impacts, aiming to inform both future research and current decision-making to support the effective and legitimate use of CDR strategies.

Keywords: Energy systems; Energy sustainability; Energy policy; Energy resources (search for similar items in EconPapers)
Date: 2024-12
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Published in iScience, 2024, 27 (12), ⟨10.1016/j.isci.2024.111418⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05448764

DOI: 10.1016/j.isci.2024.111418

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