Leaders: Kiel Institute for the World Economy, Finnish Meteorological Institute
Partners: GEOMAR, UiO, Leipzig University
This work package will contribute to understanding and assessing the (future) role of ocean-based negative emission technologies in globally coordinated and non-coordinated climate policies.
- To assess accounting schemes in their appropriateness of assigning carbon credits to the various ocean NETs.
- To assess the operational and economic cost (and cost reduction potentials from learning and scale effects)
- To assess social optimum ocean NETs application (i.e. accounting for side-effects) and distributional implications and strategic incentives of ocean NETs application.
- To assess and map existing and proposed ocean-based NETs projects.