Extended producer responsibility for fossil fuels

https://iopscience.iop.org/article/10.1088/1748-9326/aca4e8

By Stuart Jenkins, et al, Environmental Research Letters. 

Excerpt: ...an opportunity: to open a conversation about applying the principle of extended producer responsibility (EPR) to fossil fuels. ...Implementing EPR through a combination of geological CO2 storage and nature-based solutions can deliver net zero at comparable or lower costs than conventional scenarios driven with a global carbon price and subject to constraints on CO2 storage deployment. It would also mean that the principal beneficiary of high fossil fuel prices, the fossil fuel industry itself, plays its part in addressing the climate challenge while reducing the risk of asset stranding. ...Under EPR as implemented in France, for example, a 'producer', meaning 'any natural or legal person who develops, manufactures, handles, treats, sells or imports waste-generating products', 'may be required [...] to provide or contribute to the prevention and management of the resulting waste'. This law already applies to household chemicals, but not hydrocarbon fuels, despite the fact that almost 100% of the carbon contained in fossil fuels ending up as waste CO2 dumped into the atmosphere. If the principle of EPR were applied across OECD countries without this exemption, anyone extracting or importing fossil fuels into the OECD would become responsible for permanent disposal of the waste CO2 that those fuels generate.... 

Popular posts from this blog

Rude Awakening

Relax, Electric Vehicles Really Are the Best Choice for the Climate

Lost history of Antarctica revealed in octopus DNA