We introduce the carbon takeback obligation (CTBO), a supply-side mitigation policy requiring extractors and importers of fossil fuels to recapture and store a progressively increasing fraction of the CO2generated by their activities and products, and use a novel integrated assessment model (IAM) emulator to compare this policy to conventional demand-side mitigation policy. A global CTBO is shown to be comparable in cost to similar ambition scenarios dominated by demand-side measures simulated by a global carbon price.
Upstream decarbonization through a carbon takeback obligation: An affordable backstop climate policy
Publication details
Theme(s)
Carbon dioxide removal The urgency of zero
Carbon dioxide removal The urgency of zero
Type(s)
Research paper
Research paper
Author(s)
Allen, Myles Jenkins, Stuart Mitchell-Larson, Eli
Allen, Myles Jenkins, Stuart Mitchell-Larson, Eli
Year(s)
2021
2021
Joule
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