Pre- and post-Paris views on bioenergy with carbon capture and storage
2019 (English)In: Bioenergy with Carbon Capture and Storage: Using Natural Resources for Sustainable Development / [ed] Jose Carlos Magalhaes Pires and Ana Luisa da Cunha Goncalves, London: Elsevier, 2019, 1, p. 47-62Chapter in book (Other academic)
Abstract [en]
The market potential of bioenergy with carbon capture and storage (BECCS) depends both on demand for and the cost of BECCS. In making investment decisions, capital as well as operational expenditure is weighed against potential revenues. As BECCS is providing no added value but mitigation, revenues are pending policy instruments capable of providing a market pull for BECCS or an ability to develop a premium market segment encouraging voluntary customer compensation. While the cost side of BECCS has been studied substantially, little is known of sociopolitical factors such as acceptance and political prioritization. This chapter explores questionnaire data from UN climate change conferences from before and after the conclusion of the Paris Agreement in 2015. A total of 2547 completed questionnaires are analyzed to explore if the views on BECCS as a mitigation technology has changed with increasing attention given to negative emission technologies following in the wake of the Paris Agreement. The chapter overall concludes that BECCS is prioritized low for investments both pre and post-Paris. Put in context of the lack of a global collective mitigation ambition, this is pointing toward a moral dilemma. The moral hazard of avoiding radical mitigation action today on the basis of trust in future deployment of BECCS is exacerbated if followed by a lack of interest in investing in BECCS.
Place, publisher, year, edition, pages
London: Elsevier, 2019, 1. p. 47-62
National Category
Social Sciences Social Sciences Interdisciplinary
Identifiers
URN: urn:nbn:se:liu:diva-159832DOI: 10.1016/B978-0-12-816229-3.00003-XISBN: 9780128162293 (print)ISBN: 9780128166000 (electronic)OAI: oai:DiVA.org:liu-159832DiVA, id: diva2:1345167
Funder
Swedish Research Council Formas, 2016-00958Swedish Energy Agency, 42390-12019-08-232019-08-232019-08-23Bibliographically approved