Financing negative emissions leads to windfall profits and inequality at net zero
Funding large-scale negative emissions through a carbon market designed for traditional emission reduction strategies risks exacerbating long-term economic inequality. We suggest exploring alternative financing mechanisms that address this concern and that still ensure decarbonization at reasonable costs.
Authors
: Pietro Andreoni, Johannes Emmerling, Massimo Tavoni
Publisher
: Nature
Publication Type
: Policy Brief
Country
: Global
Language
: English
Year
: 2023
