Abstract
Combining policies to remove carbon dioxide (CO 2) from the atmosphere with policies to reduce emissions could decrease CO 2 concentrations faster than possible via natural processes. We model the optimal selection of a dynamic portfolio of abatement, research and development (R&D), and negative emission policies under an exogenous CO 2 constraint and with stochastic technological change. We find that near-term abatement is not sensitive to the availability of R&D policies, but the anticipated availability of negative emission strategies can reduce the near-term abatement optimally undertaken to meet 2°C temperature limits. Further, planning to deploy negative emission technologies shifts optimal R&D funding from "carbon-free" technologies into "emission intensity" technologies. Making negative emission strategies available enables an 80% reduction in the cost of keeping year 2100 CO 2 concentrations near their current level. However, negative emission strategies are less important if the possibility of tipping points rules out using late-century net negative emissions to temporarily overshoot the CO 2 constraint earlier in the century.
Original language | English (US) |
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Pages (from-to) | 141-162 |
Number of pages | 22 |
Journal | Climatic Change |
Volume | 113 |
Issue number | 2 |
DOIs | |
State | Published - Jul 1 2012 |
ASJC Scopus subject areas
- Global and Planetary Change
- Atmospheric Science