Fossil Fuels Without CO ₂ Emissions

Abstract

Recent work in carbon management (CM)--the separation and sequestration of carbon from fossil-fuel combustion to reduce atmospheric COemissions--has raised estimates of sequestration capacities and lowered estimates of costs, so that CM may offer substantial abatement possibilities more cheaply than nonfossil energy. CM9s seeming technological and economic attractiveness has major implications for the political economy of abatement and the design of abatement policies. CM also carries novel environmental risks and raises serious intergenerational equity issues, which urgently require assessment.