Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296028 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 10939
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
To reach the goals of the Paris agreement, net carbon emissions must be reduced to zero by the second half of this century. To achieve this, some kind of carbon dioxide removal (CDR) is needed. The paper gives an analysis of the interaction between extraction of fossil energy resources and CDR. If there is sufficient capacity for storing captured carbon, it will be optimal to have a period of negative net emissions. In this case cumulative extraction will not depend on climate costs, but will be higher the lower is the cost of CDR at low levels of CDR.
Subjects: 
net zero emissions
negative emissions
carbon removal
CDR
CCS
stranded assets
JEL: 
Q35
Q40
Q54
Document Type: 
Working Paper
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