Winkler et al. (2025): Exploring Key Dimensions of Policy Instruments for Carbon Dioxide Removal
Malte Winkler, Soyoung, Antonia Holland-Cunz, Matthias Honegger, Matthias Poralla, Alicia Vollmer & Axel Michaelowa, IN: Climate Policy, https://doi.org/10.1080/14693062.2025.2521118
This article examines several non-market policy instruments through a new CDR-specific assessment framework across four dimensions: feasibility, climate effectiveness, impacts on individuals and society, and the ratio and distribution of impacts. Four theoretical scenarios, heterogeneous in assumed time horizon, spatial coverage, and utilized non-market policy instrument, are evaluated: (1) a technology-specific Carbon Contract for Difference in the EU; (2) an internationally funded capacity-building campaign for Brazilian farmers to utilize voluntary carbon markets; (3) a global carbon takeback obligation for fossil fuel producers; and (4) a national corporate tax exemption for Direct Air Capture (DAC) plant setup and operation.