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Bioenergy with carbon capture and storage (BECCS) is considered a potential source of net negative carbon emissions and, if deployed at sufficient scale, could help reduce carbon dioxide emissions and concentrations. However, the viability and economic consequences of large-scale BECCS deployment are not fully understood. We use the Global Change Assessment Model (GCAM) integrated assessment model to explore the potential global and regional economic impacts of BECCS. As a negative-emissions technology, BECCS would entail a net subsidy in a policy environment in which carbon emissions are taxed. We show that by mid-century, in a world committed to limiting climate change to 2 C, carbon tax revenues have peaked and are rapidly approaching the point where climate mitigation is a net burden on general tax revenues. Assuming that the required policy instruments are available to support …