UPTAKE Webinar Series: Pigou’s Advice and Sisyphus’ Warning: Carbon Pricing with Non-Permanent Carbon Dioxide Removal

The next webinar on the latest published papers on carbon dioxide removal (CDR) research will focus on the paper ‘Pigou’s Advice and Sisyphus’ Warning: Carbon Pricing with Non-Permanent Carbon Dioxide Removal’.

:studio_microphone:Speaker: Friedemann Gruner, PIK

:studio_microphone: Moderator: Felix Knopp, PIK

:studio_microphone: Panelist: Magnus Drewelies, Ceezer

:spiral_calendar: 8 April 2026, 2 pm - 3pm I ZOOM, online

Register in advance :backhand_index_pointing_right: here.

Abstract:

This paper develops a welfare and public economics perspective on optimal policies for carbon removal and storage (CDR) in permanent and non-permanent sinks. Non-permanent CDR reduces mitigation costs, even though the stored carbon is released into the atmosphere eventually. It may serve as bridge technology until permanent CDR becomes available. In contrast to permanent removals, non-permanent CDR does not reduce the optimal long-run temperature level. Its valuation differs from the social cost of carbon since a social cost of carbon removal arises from marginal damages caused by emissions released from non-permanent storage. We discuss three policy regimes that ensure optimal deployment of non-permanent CDR in terms of their informational and institutional requirements for monitoring, liability, and financing.

The webinar format will consist of a 20-minute presentation and a 10-minute discussion with an invited expert stakeholder, followed by a 30-minute open discussion (1 hour total).