Master-thesis: Forming Markets for Carbon Dioxide Removal Technologies: The Role and Influence of Voluntary and Compliance Carbon Markets

Nick Deknatel, Utrecht University, https://studenttheses.uu.nl/handle/20.500.12932/44292

The Technological Innovation Systems (TIS) framework is a theoretical approach to understand socio-technical change, highlighting the importance of technological innovation and the interactions between actors and their networks within an institutional context. This research maps the structure of the TIS at an EU level and analyses the performance of seven TIS functions, with a particular emphasis on market formation for CDR; an intangible product. This function is expanded by examining two existing carbon market mechanisms, the voluntary and compliance carbon markets, to understand their impact on the development of a market for intangible products. Various CDR actors, including CDR companies, policymakers, networks, experts, journalists, niche market actors, and municipalities, were interviewed and a separate survey was conducted.

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