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Global Warming and Carbon-Negative Technology: Prospects for a Lower-Cost Route to a Lower-Risk Atmosphere

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  • Peter M. Eisenberger
  • Roger W. Cohen
  • Graciela Chichilnisky
  • Nicholas M. Eisenberger
  • Ronald R. Chance
  • Christopher W. Jones

Abstract

Aggressive efficiency improvements and a shift away from fossil fuels cannot offset climate change threats. This realization creates an imperative for ‘carbon-negative’ mitigation measures; that is, measures that can reduce atmospheric carbon faster than emissions will load the atmosphere. Among such measures, air extraction technology, coupled with secure sequestration, offers advantages of centralization and control without direct intervention in the biosphere or major collateral environmental impact. Significant new scientific developments in air extraction show promise of greatly reduced costs, such that decreasing the concentration of carbon in the atmosphere to substantially lower risk levels may be economically practicable. These developments create a strong case for expanded R&D efforts aimed at advancing air extraction technology.

Suggested Citation

  • Peter M. Eisenberger & Roger W. Cohen & Graciela Chichilnisky & Nicholas M. Eisenberger & Ronald R. Chance & Christopher W. Jones, 2009. "Global Warming and Carbon-Negative Technology: Prospects for a Lower-Cost Route to a Lower-Risk Atmosphere," Energy & Environment, , vol. 20(6), pages 973-984, October.
    • Handle: RePEc:sae:engenv:v:20:y:2009:i:6:p:973-984
    DOI: 10.1260/095830509789625374
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    References listed on IDEAS

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    1. Chichilnisky, Graciela & Hammond, Peter J., 2016. "The Kyoto Protocol and Beyond: Pareto Improvements to Policies that Mitigate Climate Change," CAGE Online Working Paper Series 287, Competitive Advantage in the Global Economy (CAGE).
    2. Andrei Bremzen & Elena Khokhlova & Anton Suvorov & Jeroen van de Ven, 2015. "Bad News: An Experimental Study on the Informational Effects Of Rewards," The Review of Economics and Statistics, MIT Press, vol. 97(1), pages 55-70, March.
    3. Dilger, Alexander, 2020. "Wirtschaftsethische Überlegungen zum Klimawandel," Discussion Papers of the Institute for Organisational Economics 5/2020, University of Münster, Institute for Organisational Economics.
    4. Johannes Urpelainen, 2012. "Geoengineering and global warming: a strategic perspective," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 12(4), pages 375-389, November.
    5. Graciela Chichilnisky & Peter J. Hammond & Nicholas Stern, 2020. "Fundamental utilitarianism and intergenerational equity with extinction discounting," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(2), pages 397-427, March.
    6. Favero, Alice & Massetti, Emanuele, 2014. "Trade of woody biomass for electricity generation under climate mitigation policy," Resource and Energy Economics, Elsevier, vol. 36(1), pages 166-190.
    7. Peter Viebahn & Alexander Scholz & Ole Zelt, 2019. "The Potential Role of Direct Air Capture in the German Energy Research Program—Results of a Multi-Dimensional Analysis," Energies, MDPI, vol. 12(18), pages 1-27, September.

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