In August 2020, the first research work supported by the CarMa chair was published as a preprint in Les Cahiers de l’Economie of IFP Energies nouvelles. The authors, Emma JAGU and Olivier MASSOL, examine the deployment of a shared CO2 transportation infrastructure for Fossil energy and Bioenergy with Carbon Capture and Storage projects.
Their cooperative game-theoretic approach highlights the issue of a fair and mutually acceptable infrastructure cost allocation. They show that a CO2 price of 112€/tCO2 could be enough to trigger the infrastructure’s construction in their Swedish case study, an encouraging figure considering that the Swedish carbon tax is currently around 110€/tCO2.
These results, however, rely on the creation of an international accounting framework for negative emissions. Such a framework will be critical for the deployment of Bioenergy with Carbon Capture and Storage.