Authors
Paul Zakkour, Margriet Kuijper, Patrick Dixon, R Stuart Haszeldine, Martin Towns, Myles Allen
Publication date
2024/3/1
Source
International Journal of Greenhouse Gas Control
Volume
133
Pages
104087
Publisher
Elsevier
Description
Policies that incentivize the capture and geological storage of CO2 from large point sources (‘CCS’; and more recently, atmospheric removals), have so far tended to reward the resultant avoided CO2 emissions (or CO2 removals) achieved by operators at the point of capture. The expectation has been that geological CO2 storage sites, as well as the connecting infrastructure, will be developed and operated based upon the funding delivered from the single point of incentive (e.g. under an emissions trading system or a carbon tax, only CO2 capture installation operators are absolved of the obligation to acquire and surrender CO2 emission rights or to pay the tax). Project-based crediting mechanisms (e.g. in the voluntary carbon market) tend to treat the entire chain of operations as a single entity to be supplied with emission reduction or removal credits. Consequently, there has been minimal explicit financial …
Total citations
20241
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P Zakkour, M Kuijper, P Dixon, RS Haszeldine… - International Journal of Greenhouse Gas Control, 2024