Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Egg-Timer: Climate Policy and Integrated Assessment 2 Location: D-111 Session Chair: Majid Ebadi Arablu, Wageningen University and Research | |
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The Role of Technologies in Mitigating Climate Change: Resource Extraction in the Presence of a Backstop Technology and Carbon Dioxide Removal 1: London School of Economics, UK; 2: Kiel Institute, Germany; 3: University of Kiel, Germany This paper analyzes the role of carbon dioxide removal (CDR) and backstop technologies in transitioning to net-zero greenhouse gas emissions. We use a dynamic optimization approach with three carbon stocks – the resource stock, the atmospheric carbon stock, and carbon storage – to analyze the effect of temporary CDR in the presence of a backstop technology on resource consumption. Additionally, we consider multiple renewable atmospheric carbon stocks that decay at different rates. We find that when the resource is abundant and the CO2 stock in the atmosphere is low enough, the resource alone is used. This is followed by a phase of simultaneous use of the resource and the backstop. Meanwhile, the use of CDR increases rapidly during the in the first years and then converges to a pumping equilibrium in the steady state. The calibration reveals that the backstop plays a more important role in decarbonization than CDR. In a steady state, non-renewable resources are no longer extracted, and the backstop technology fully meets demand. | |