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Optimal Carbon Dioxide Removal in Face of Ocean Carbon Sink Feedback

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  • Manoussi, Vassiliki
  • Shayegh, Soheil
  • Tavoni, Massimo

Abstract

Carbon dioxide removal (CDR) is a potentially important climate strategy for attaining low climate stabilization objectives. However, climate analysis has indicated a possible weakening of the ocean carbon sinks -the largest in the world- in relation to CDR deployment. Here, we provide an economic appraisal to assess the sensitivity of CDR and conventional abatement to CO2 outgassing from the oceans. We develop a theoretical framework to study the impact of the ocean-to-atmosphere transfer on the optimal mitigation strategies under different regimes that control the relationship between CO2 outgassing and the amount of CDR. We show that the optimal levels of emissions and CDR are correlated to the effectiveness of CDR expressed as a linear function of atmospheric concentrations. We incorporate this effect into an integrated assessment model of climate and economy (DICE model) and confirm the theoretical findings with numerical simulations. Further, we perform a sensitivity analysis to find the range of optimal abatement and CDR actions under different values of the CDR effectiveness coefficient.

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  • Manoussi, Vassiliki & Shayegh, Soheil & Tavoni, Massimo, 2017. "Optimal Carbon Dioxide Removal in Face of Ocean Carbon Sink Feedback," MITP: Mitigation, Innovation and Transformation Pathways 266288, Fondazione Eni Enrico Mattei (FEEM).
  • Handle: RePEc:ags:feemmi:266288
    DOI: 10.22004/ag.econ.266288
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    1. Jérôme Hilaire & Jan C. Minx & Max W. Callaghan & Jae Edmonds & Gunnar Luderer & Gregory F. Nemet & Joeri Rogelj & Maria Mar Zamora, 2019. "Negative emissions and international climate goals—learning from and about mitigation scenarios," Climatic Change, Springer, vol. 157(2), pages 189-219, November.

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    Keywords

    Research and Development/Tech Change/Emerging Technologies;

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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