The 17th Annual Meeting of the Integrated Assessment Consortium (IAMC) was held on 4-6 November 2024 in Seoul, South Korea. One of the parallel sessions of the conference was dedicated to CDR. This session was chaired by one of our UPTAKE’s members, Vassilis Daioglou @vassilis.daioglou (PBL), featuring 4 papers from the UPTAKE consortium members and stakeholders (PIK, CMCC, NREL), and 3 other papers dedicated to the modeling of CDR in IAMs. The topics discussed included:
- A rapid evaluation of the social cost of carbon (SCC) using machine learning, providing insights into the cost-effectiveness of carbon capture and storage (CCS).
- An analysis of separate carbon markets for emissions and removals, exploring financial incentives for achieving cumulative net-negative emissions.
- Research on the co-benefits of Direct Air Capture with Carbon Storage (DACCS) for biodiversity and food security, describing its advantages due to lower land use requirements over land-based carbon removal methods.
- A dynamic assessment of DACCS technologies, highlighting the importance of local climate conditions in optimizing their performance.
- A study on the impact of permanence and efficiency on the climate benefits of various carbon dioxide removal (CDR) technologies, offering a cost-benefit ranking to guide policymakers.
- Investigation of nature-based CDR strategies within the broader context of the green transition, focusing on afforestation and resource reallocation from high-emission to low-emission sectors.
- Low-risk carbon removal pathways, exploring the different risks (for example environmental, for climate protection, or on technological development) under different dimensions (for example, legal feasibility, financial risk, technical feasibility, among others) to understand how to balance economic growth with emissions reductions, particularly through the transfer of resources and land use changes.
