Upstream decarbonization through a carbon takeback obligation: An affordable backstop climate policy

Aug 1, 2023

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.

Publication details
Theme(s)
Carbon dioxide removal The urgency of zero
Type(s)
Research paper
Author(s)
Allen, Myles Jenkins, Stuart
Year(s)
2021
Joule

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