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Towards True Climate Neutrality for Global Aviation: A Negative Emissions Fund for Airlines

Author

Listed:
  • Sascha Nick

    (Laboratory of Environmental and Urban Economics (LEURE), Ecole Polytechnique Fédérale de Lausanne (EPFL), CH-1015 Lausanne, Switzerland)

  • Philippe Thalmann

    (Laboratory of Environmental and Urban Economics (LEURE), Ecole Polytechnique Fédérale de Lausanne (EPFL), CH-1015 Lausanne, Switzerland)

Abstract

What would it take for aviation to become climate-neutral by 2050? We develop and model a trajectory for aviation to reduce its CO 2 emissions by 90% by 2050, down to a level where all residual emissions can be removed from the atmosphere without crowding out other sectors that also need negative emissions. To make emitters pay for the carbon removal, we propose and model a negative emissions fund for airlines (NEFA). We show that it can pay for the removal of all CO 2 emitted by aviation from 2030 onwards, for a contribution to the fund of USD 200–250 per ton CO 2 emitted. In our baseline simulation, USD 3.3 trillion is invested by the fund over 40 years in high-quality carbon removal projects designed for biodiversity and societal co-benefits. While we do propose a number of governance principles and concrete solutions, our main goal is to start a societal dialogue to ensure aviation becomes both responsible and broadly beneficial.

Suggested Citation

  • Sascha Nick & Philippe Thalmann, 2022. "Towards True Climate Neutrality for Global Aviation: A Negative Emissions Fund for Airlines," JRFM, MDPI, vol. 15(11), pages 1-18, November.
    • Handle: RePEc:gam:jjrfmx:v:15:y:2022:i:11:p:505-:d:960076
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    References listed on IDEAS

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    1. Hannah V. Cooper & Stephanie Evers & Paul Aplin & Neil Crout & Mohd Puat Dahalan & Sofie Sjogersten, 2020. "Author Correction: Greenhouse gas emissions resulting from conversion of peat swamp forest to oil palm plantation," Nature Communications, Nature, vol. 11(1), pages 1-1, December.
    2. Hannah V. Cooper & Stephanie Evers & Paul Aplin & Neil Crout & Mohd Puat Bin Dahalan & Sofie Sjogersten, 2020. "Greenhouse gas emissions resulting from conversion of peat swamp forest to oil palm plantation," Nature Communications, Nature, vol. 11(1), pages 1-8, December.
    3. Nicoletta Brazzola & Anthony Patt & Jan Wohland, 2022. "Definitions and implications of climate-neutral aviation," Nature Climate Change, Nature, vol. 12(8), pages 761-767, August.
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    Cited by:

    1. Gregory Trencher & Sascha Nick & Jordan Carlson & Matthew Johnson, 2024. "Demand for low-quality offsets by major companies undermines climate integrity of the voluntary carbon market," Nature Communications, Nature, vol. 15(1), pages 1-15, December.

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