Date of Award

2020

Degree Type

Thesis

Degree Name

Master of Science in Systems Engineering

Department

Mechanical, Industrial and Systems Engineering

First Advisor

Valerie Maier-Speredelozzi

Abstract

In recent times, millions of people realized the urgency to act against the threat of climate change through protests around the world. Achieving the goal of carbon neutrality as defined in the Paris climate agreement while the world population is growing and consumption is increasing with rising wealth, will only be possible with the large-scale implementation of carbon removal technologies. Thus, carbon removal will not only become an important issue for governments, but also for manufacturing companies and private consumers.

The aim is to identify possible carbon removal technologies, compare them with each other and highlight the respective advantages and disadvantages. Furthermore, an estimation of the expected market size for carbon removal is made in order to get an idea of the future business potential.

Through a survey with a total of 1,757 participants in the USA and Germany, it was possible to gain insights into which demographics would be target groups for compensation for private use and how much they would be willing to pay for it.

At the end, this paper gives an estimation of which technologies will be of particular interest to companies if the goal of achieving a positive impact factory is to be achieved.

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