1. Incentivising bioenergy with carbon capture and storage (BECCS) responsibly: Comparing stakeholder policy preferences in the United Kingdom and Sweden
- Author
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Stefan Grönkvist, Javier Lezaun, Mathias Fridahl, James Palmer, Simon Haikola, Emily Rodriguez, Adrian Lefvert, Rob Bellamy, and Anders Hansson
- Subjects
Government ,010504 meteorology & atmospheric sciences ,Public economics ,Geography, Planning and Development ,Global warming ,Stakeholder ,Carbon capture and storage (timeline) ,Bio-energy with carbon capture and storage ,010501 environmental sciences ,Management, Monitoring, Policy and Law ,01 natural sciences ,Incentive ,National Policy ,Deterrence theory ,Business ,0105 earth and related environmental sciences - Abstract
Bioenergy with carbon capture and storage (BECCS) plays a central role in scenario pathways that limit global warming in line with the objectives of the Paris Agreement. Yet deliberate policy efforts to incentivise BECCS—whether through amending existing climate policies or introducing entirely new ones—remain rare. In this paper, we contend that BECCS must be incentivised responsibly, through policy-making processes which account for diverse and geographically varying societal values and interests. More specifically, we make the case for responsible incentivisation by undertaking a comparative analysis of stakeholder attitudes to four idealised policy scenarios for BECCS, including representatives of government, business, nongovernmental and academic communities, in the UK and Sweden. The scenarios were: business as usual; international policy reform; national BECCS policy; and national policy for negative emissions technologies. Based on our findings, we recommend that policymakers 1) recognise the need to develop new incentives and make enabling reforms to existing policy instruments; 2) consider the risk of mitigation deterrence in their real world (and not abstracted) contexts; 3) employ multi-instrument approaches to incentivisation that do not overly rely on carbon pricing or 4) force a choice between technology specific or technology neutral policies; and 5) attend to the diversity of stakeholder and wider public perspectives that will ultimately determine the success—or failure—of their policy designs.
- Published
- 2021
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