Methods for generating negative emissions: Are negative emission technologies a climatically and economically viable alternative to nature-based methods?

• Main Author: Herbeck, Christopher
• Format: Bachelor Thesis
• Language: English
• Published: 2021
• Subjects: Orca
• Online Access: https://opus.hs-furtwangen.de/frontdoor/index/index/docId/8072

Global warming and its impacts on the environment, the human being and the economy are one of the biggest challenges of the 21st century. With the atmospheric carbon dioxide concentration being the main driver of global warming, the necessity arises to address the issue of carbon dioxide emissions. Next to the avoidance, the reduction and the compensation of emissions, negative emissions are moving into the focus of decision-makers in politics and in the economy. These can be created using either nature-based methods or negative emission technologies. The paper “Methods for generating negative emissions: Are negative emission technologies a climatically and economically viable alternative to nature-based methods?” aims to answer the research questions whether negative emission technologies are a more effective instrument to create negative emissions than nature-based methods and, under which circumstances an investment in these technologies is reasonable for a company. The method used to answer the questions is a literature research to perform a comparison of two examples. The afforestation project Bonn Challenge serves as example for a nature-based method to create negative emissions while the Direct-Air-Capture plant “Orca” by the company climeworks AG is used as an example for a negative emission technology. A benefit analysis is conducted to assess the effect on carbon dioxide concentration and a net present value calculation is carried out to enable an investment decision under different scenarios. The paper finds that Direct Air Capture is a more effective way to reduce the atmospheric carbon dioxide than the afforestation. The crucial advantage of the technology is the permanent storage of the removed carbon dioxide and the immediate carbon dioxide effect. Furthermore, the results of the net present value calculation imply that in the short-term an investment in negative emissions is not economical. In the long run, rising prices for emission certificates and the possibility to sell removed and stored ...