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Why and Where to Fund Carbon Capture and Storage.

Kian Mintz-Woo1,2,3, Joe Lane4

  • 1Department of Philosophy and Environmental Research Institute, University College Cork, 4 Elderwood, Cork, Ireland. mintzwoo@ucc.ie.

Science and Engineering Ethics
|November 19, 2021
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Summary

Funding carbon capture and storage (CCS) is morally justified. However, the optimal location for CCS investment involves balancing global justice with regional storage potential.

Keywords:
Carbon capture and storageClimate changeClimate justiceGlobal distributive justiceLegitimate expectationsParis agreement

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Area of Science:

  • Environmental Ethics
  • Climate Policy
  • Energy Economics

Background:

  • Carbon capture and storage (CCS) is a key technology for climate change mitigation.
  • Ethical considerations are crucial for guiding CCS investment decisions.
  • Existing literature lacks a comprehensive ethical framework for CCS funding strategies.

Purpose of the Study:

  • To present two core claims regarding the moral justification and strategic placement of carbon capture and storage (CCS) investments.
  • To analyze the ethical arguments for and against CCS funding from global and regional viewpoints.
  • To explore the complex ethical considerations in deciding where to allocate CCS investments.

Main Methods:

  • Ethical analysis drawing on Rawlsian justice and the Anti-Poverty principle.
  • Review of empirical evidence on CCS role in climate change mitigation.
  • Comparative assessment of investment criteria for developing versus developed regions.

Main Results:

  • Moral justifications exist for strategic CCS investment, supported by empirical climate data and ethical principles.
  • Investing in developing regions, particularly Asia, aligns with distributive justice and legitimate expectations.
  • Investing in developed regions may be favored by long-term climate impact and resource utilization considerations.

Conclusions:

  • Strategic investment in carbon capture and storage (CCS) is ethically supported.
  • The geographical allocation of CCS funding presents a complex ethical dilemma, requiring careful consideration of competing justice claims and practicalities.
  • A nuanced approach is needed to balance immediate global needs with long-term climate goals and regional development in CCS investment decisions.