Mastodawn

Future #EU contribution to #GlobalHeating could be halved without placing extra burden on the economy.

An economic PIK study in the top journal JEEM calculates the effectiveness of “clean-up certificates” (emission right + removal obligation).
#Climate #Edenhofer

https://www.pik-potsdam.de/en/news/latest-news/how-clean-up-certificates-lead-to-better-climate-protection

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Mark Burton Feb 23

@PIK_climate

Uttter nonsense.
Assumes reversibility and also integrity.

"The underlying idea is that you are allowed to release the climate gas CO₂ into the atmosphere – but only if you promise to “clean up” later through carbon removal."

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KarlE Feb 26

@PIK_climate I am a bit puzzled, what exactly this "long term" is supposed to be. Are we betting on a technology, DAC, we don't even know whether it can be made for the price we now ask in the future? And the PIK as much as anybody else has emphasized that the overshoot must be kept as short and low as possible, due to tipping points that would be triggered in the meantime. This sounds very much like "pollute now, worry later" and it scares me.