U.S. Greenhouse Gas Emission Bottlenecks: Prioritization of Targets for Climate Liability
| Autor: | Alexis S. Pascaris, Joshua M. Pearce |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Risk analysis
Control and Optimization Natural resource economics climate change liability risk analysis 020209 energy greenhouse gas liability climate governance Energy Engineering and Power Technology energy policy risk management climate change corporate environmental responsibility climate lawsuits carbon dioxide emissions 02 engineering and technology 010501 environmental sciences Carbon dioxide emissions 01 natural sciences lcsh:Technology Climate lawsuits Bottleneck Energy policy Corporate environmental responsibility 0202 electrical engineering electronic engineering information engineering Climate change Electrical and Electronic Engineering Engineering (miscellaneous) Risk management 0105 earth and related environmental sciences Climate governance Renewable Energy Sustainability and the Environment business.industry lcsh:T Fossil fuel Building and Construction Climate change mitigation Greenhouse gas liability Greenhouse gas Climate change liability business Energy (miscellaneous) |
| Zdroj: | Electrical and Computer Engineering Publications Energies, Vol 13, Iss 3932, p 3932 (2020) Energies; Volume 13; Issue 15; Pages: 3932 |
| Popis: | Due to market failures that allow uncompensated negative externalities from burning fossil fuels, there has been a growing call for climate change-related litigation targeting polluting companies. To determine the most intensive carbon dioxide (CO2)-emitting facilities in order prioritize liability for climate lawsuits, and risk mitigation strategies for identified companies as well as their insurers and investors, two methods are compared: (1) the conventional point-source method and (2) the proposed bottleneck method, which considers all emissions that a facility enables rather than only what it emits. Results indicate that the top ten CO2 emission bottlenecks in the U.S. are predominantly oil (47%) and natural gas (44%) pipelines. Compared to traditional point-source emissions methods, this study has demonstrated that a comprehensive bottleneck calculation is more effective. By employing an all-inclusive approach to calculating a polluting entity’s CO2 emissions, legal actions may be more accurately focused on major polluters, and these companies may preemptively mitigate their pollution to curb vulnerability to litigation and risk. The bottleneck methodology reveals the discrete link in the chain of the fossil-fuel lifecycle that is responsible for the largest amount of emissions, enabling informed climate change mitigation and risk management efforts. |
| Databáze: | OpenAIRE |
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