Robert M. La Follette School of Public Affairs

Willingness to Pay for a Climate Backstop: Liquid Fuel Producers and Direct CO2 Air Capture

Under most assumptions, development costs exceed the private benefits of air capture. A particularly robust result is that carbon prices generate large benefits for conventional oil producers, which makes a climate backstop unappealing for them.

Additional Info

  • Volume or issue no.: La Follette School Working Paper No. 2011-015
  • Author(s): Gregory F. Nemet and Adam R. Brandt