Exploring support alternatives within the European Union policy framework for technological carbon dioxide removal and biogenic carbon sequestration: a present-day assessment
Aarnio, Ulriikka (2023)
Aarnio, Ulriikka
2023
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2023121236322
https://urn.fi/URN:NBN:fi:amk-2023121236322
Tiivistelmä
This thesis studies the landscape of carbon dioxide removal and sequestration (CDRS) support methods within the European Union (EU) with a primary focus on their efficacy in achieving net negative emissions.
The inadequacy of past and current climate action has led to a current situation where the withdrawal of carbon dioxide from the atmosphere is also needed, in addition to emission reductions that remain the primary mitigation tool. The EU too has begun the development of the governance and the tools to incentivise the deployment of CDRS, necessitating a comprehensive analysis of the different support mechanisms, also by the stakeholders, including environmental organisations.
This study uses document analysis as the research methodology, combining a systematic review of the EU’s current CDRS-related policies, the prominent CDRS methods, and support tools. The study identifies key policy instruments, financial incentives, and regulatory frameworks that underpin the EU’s CDRS initiatives. Additionally, it explores the socio-economic and environmental implications of these support systems, considering also the potential benefits and challenges.
Findings indicate that none of the EU's current policy instruments are well suited to efficiently scale up CDRS in a way that would deliver a net benefit. The study discusses the shortcomings of compensation-based support methods and the benefits of activity-based finance for all methods relying on biogenic sequestration.
The implications of this research extend beyond academic discourse, offering current insights for policymakers, environmental advocates, and stakeholders involved in shaping the future of carbon management in the EU. By providing an understanding of CDRS support systems, this thesis contributes to the ongoing discourse on sustainable climate action and the transition towards the EU’s goal of becoming climate-neutral by 2050 and achieving net-negative emissions thereafter.
The inadequacy of past and current climate action has led to a current situation where the withdrawal of carbon dioxide from the atmosphere is also needed, in addition to emission reductions that remain the primary mitigation tool. The EU too has begun the development of the governance and the tools to incentivise the deployment of CDRS, necessitating a comprehensive analysis of the different support mechanisms, also by the stakeholders, including environmental organisations.
This study uses document analysis as the research methodology, combining a systematic review of the EU’s current CDRS-related policies, the prominent CDRS methods, and support tools. The study identifies key policy instruments, financial incentives, and regulatory frameworks that underpin the EU’s CDRS initiatives. Additionally, it explores the socio-economic and environmental implications of these support systems, considering also the potential benefits and challenges.
Findings indicate that none of the EU's current policy instruments are well suited to efficiently scale up CDRS in a way that would deliver a net benefit. The study discusses the shortcomings of compensation-based support methods and the benefits of activity-based finance for all methods relying on biogenic sequestration.
The implications of this research extend beyond academic discourse, offering current insights for policymakers, environmental advocates, and stakeholders involved in shaping the future of carbon management in the EU. By providing an understanding of CDRS support systems, this thesis contributes to the ongoing discourse on sustainable climate action and the transition towards the EU’s goal of becoming climate-neutral by 2050 and achieving net-negative emissions thereafter.
Kokoelmat
Samankaltainen aineisto
Näytetään aineisto, joilla on samankaltaisia nimekkeitä, tekijöitä tai asiasanoja.
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