Kellou et al. (2025): The responsibility of investor-owned carbon majors to contribute to direct air carbon capture and storage investment
Dalia Kellou, Yoga Wienda Pratama, Cristian Zúñiga, Firza Riany, Matthew J. Gidden and Richard Heede, IN: Climate Policy, https://doi.org/10.1080/14693062.2025.2557230
Carbon dioxide removal (CDR) options are critical for achieving global climate objectives. Yet, many proposed removal technologies are in their formative phase. Significant near-term investments are necessary to buy down the cost of the technologies so that they can play a cost-efficient role in future mitigation. This raises questions about who should bear the responsibility to mobilize this risky early investment. Here, the authors propose that investment responsibilities for some novel CDR technologies can be assigned to large investor-owned ‘carbon majors’, drawing on principles of climate justice.