Owen et al. (2022): Who pays for BECCS and DACCS in the UK: designing equitable climate policy
Anne Owen, Josh Burke, Esin Serin IN: Climate Policy, 22:8, 1050-1068, DOI: 10.1080/14693062.2022.2104793
The UK government’s net-zero commitment assumes the use of bio-energy with carbon capture and storage (BECCS) and direct air carbon capture and storage (DACCS). Quantifying where the costs of funding these technologies fall – and their magnitude – provides greater insight into potential fairness of future government policies. Using a microsimulation model, this study is the first to evaluate the potential distributional impacts. The authors consider the distributional incidence and magnitude on household income deciles if the costs for deploying and operating BECCS and DACCS are placed on different sectors of the economy via a range of viable policy funding options.