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Affordable policy which could stop fossil fue

Mount Equity Group Tokyo, Japan > News > Markets > Affordable policy which could stop fossil fue

Imagine a single policy, imposed on one industry, which would, if enforced consistently, stop fossil fuels causing global warming within a generation. The Carbon Takeback Obligation could do just that. It requires fossil fuel extractors and importers to dispose safely and permanently of a rising fraction of the CO2 they generate, with that fraction rising to 100% by the year of net-zero. Critically, this would include carbon dioxide generated by the products they sell.

A ground-breaking study by the Universities of Oxford and Edinburgh, published Tuesday [embargoed to 11am US ET] in the international energy journal Joule, explores the economic implications of imposing a carbon takeback obligation on the global fossil fuel industry, and shows it provides an affordable and low-risk route to net zero emissions, particularly if complemented by conventional measures to reduce…

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