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• Responsible incentivisation requires attention to situated stakeholder perspectives. • We develop four policy scenarios and subject them to deliberation in the UK and Sweden. • New incentives and enabling reforms to existing policy instruments are needed. • Mitigation deterrence must be considered in real world (not abstracted) contexts. • Multi-instrument approaches are needed to overcome single instrument deficiencies. Bioenergy with carbon capture and storage (BECCS) plays a central role in scenario pathways that limit global warming in line with the objectives of the Paris Agreement. Yet deliberate policy efforts to incentivise BECCS—whether through amending existing climate policies or introducing entirely new ones—remain rare. In this paper, we contend that BECCS must be incentivised responsibly, through policy-making processes which account for diverse and geographically varying societal values and interests. More specifically, we make the case for responsible incentivisation by undertaking a comparative analysis of stakeholder attitudes to four idealised policy scenarios for BECCS, including representatives of government, business, nongovernmental and academic communities, in the UK and Sweden. The scenarios were: business as usual; international policy reform; national BECCS policy; and national policy for negative emissions technologies. Based on our findings, we recommend that policymakers 1) recognise the need to develop new incentives and make enabling reforms to existing policy instruments; 2) consider the risk of mitigation deterrence in their real world (and not abstracted) contexts; 3) employ multi-instrument approaches to incentivisation that do not overly rely on carbon pricing or 4) force a choice between technology specific or technology neutral policies; and 5) attend to the diversity of stakeholder and wider public perspectives that will ultimately determine the success—or failure—of their policy designs. [ABSTRACT FROM AUTHOR]

Sweden and Finland have national goals to reach net negative greenhouse gas emissions before mid-century. Achieving these ambitious goals could employ negative emission technologies, such as bioenergy with carbon capture and storage, but it is unclear how this technology could be realized in an energy transition. Sweden and Finland stand out for having a large share of substantial point source emissions of biogenic carbon dioxide, in the production of pulp, heat and power. In the European Pollutant Release and Transfer Register, Sweden and Finland reported 64% and 51% biogenic emissions, respectively, in facilities emitting over 100 kt of carbon dioxide in 2017, while the corresponding collective figure for all European states in the database is 6%. This qualitative study highlights company actors' perspectives on bioenergy with carbon capture and storage within a Nordic regional context and explores their perspective on emerging tensions in the energy transition. Semi-structured interviews were conducted with 20 of the 24 companies with the largest point sources of biogenic emissions. The results are framed around four emerging tensions regarding bioenergy with carbon capture and storage from companies' perspectives in this study: (1) absence of reliable long-term policies; (2) limits to companies' climate change responsibility; (3) technical trade-offs of carbon capture; and (4) lack of customer demands for negative emissions. According to most of the companies, it is technically feasible to capture carbon dioxide, but it could be a challenge to determine who is responsible to create a financially viable business case, to enact supporting policies, and to build transport and storage infrastructure. Company representatives argue that they already contribute to a sustainable society, therefore bioenergy with carbon capture and storage is not their priority without government collaboration. However, they are willing to contribute more and could have an increasing role towards an energy transition in an international context. • BECCS discussions are on the horizon, but few companies are first movers. • Large-scale deployment of BECCS would require political and financial support. • Swedish and Finnish companies lack customer demand for negative emissions. • There are trade-offs between energy efficiency and carbon capture. • Companies consider BECCS as one of many climate change mitigation measures. [ABSTRACT FROM AUTHOR]