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Optimal mitigation strategies with negative emission technologies and carbon sinks under uncertainty

Fuss, Sabine and Reuter, Wolf Heinrich and Szolgayova, Jana and Obersteiner, Michael (2013) Optimal mitigation strategies with negative emission technologies and carbon sinks under uncertainty. Climatic Change, 118 (1). pp. 73-87. ISSN 1573-1480

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Abstract

In recent years a body of literature has arisen on the topic of how to compose the optimal portfolio of mitigation options. The focus has been mainly on options involving shifts from high- to low- or even negative-carbon technologies. Natural sinks play an important role in any attempt to stabilize atmospheric CO2 and usually enter as a constant term in the overall carbon budget. In this paper, we introduce natural sinks to the carbon management problem and analyze the implications for negative emission technology deployment and the overall mitigation strategy. Amongst other sensitivity analyses, we also investigate the impact of uncertainty in the carbon sink, which we find to raise the importance of negative emissions in the mitigation portfolio significantly lowering the cost of the policy mix. (authors' abstract)

Item Type: Article
Additional Information: This research has been carried out with support from the EU-funded FP7 projects GEOCARBON, grant number 283080, and GHG-Europe, grant number 244122. The authors are grateful to the editors and three anonymous reviewers for investing substantial effort into helping to improve this work.
Divisions: Departments > Volkswirtschaft > Internationale Wirtschaft
Version of the Document: Published
Variance from Published Version: None
Depositing User: Elena Simukovic
Date Deposited: 22 Aug 2016 15:25
Last Modified: 22 Aug 2016 17:10
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/65067/
URI: http://epub.wu.ac.at/id/eprint/5148

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