Direct air capture of CO2 and climate stabilization: A model based assessment

By Cheng Chen, Massimo Tavoni. Climatic Change, 2013

136 citations recorded by the source corpus.

This paper provides a novel assessment of the role of direct air capture of CO2 from ambient air (DAC) on the feasibility of achieving stringent climate stabilization. We use the WITCH energy-economy-climate model to investigate the long term prospects of DAC, implementing a technological specification based on recent estimates by the American Physical Society (APS 2011). Assuming global cooperation on a stringent climate policy we find that: (1) DAC is deployed only late in century, after other low carbon options, though at a very significant scale; (2) DAC has an impact on the marginal and total abatement costs (reducing them) and on the timing of mitigation (postponing it); (3) DAC also allows for a prolonged use of oil, with a positive welfare impact for energy exporting countries. Finally, we assess the role of DAC in a less than ideal climate policy by exploring its potential for engaging energy exporting countries in climate mitigation activities by means of a “clean oil” market in which oil exporters can sell oil decarbonized via DAC.

Subfields: Economics and Econometrics, Global and Planetary Change, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/96c9dd375f3a9ade30a1a90a41f782398b7bf403

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In Economics and Econometrics

  1. Christian Breyer
  2. Benjamin Sovacool
  3. Pete Smith
  4. Felix Creutzig
  5. W. Lamb
  6. J. Minx
  7. Sabine Fuss
  8. M. Callaghan

In Global and Planetary Change

  1. Sabine Fuss
  2. J. Minx
  3. W. Lamb
  4. M. Callaghan
  5. Mark Z. Jacobson
  6. Benjamin Sovacool
  7. Gregory F. Nemet
  8. Felix Creutzig

In Renewable Energy, Sustainability and the Environment

  1. Christian Breyer
  2. Brian Vad Mathiesen
  3. Benjamin Sovacool
  4. Marta Victoria
  5. Felix Creutzig
  6. Henrik Lund
  7. Mark Z. Jacobson
  8. Pete Smith

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