Who Holds the Plume After the Bond Matures?

Post-Closure Liability and Green Debt for Geological Carbon Storage

A paper from the School of Underlying Conditions models an operator that finances a geological carbon store with a green bond, chooses how much to spend characterising the store, and hands leak liability to a public steward at a fixed transfer date. It shows that the operator's shortfall in characterisation splits exactly into a transfer wedge and a larger discounting wedge, that a use-of-proceeds label reaches neither, and that an escrowed stewardship perpetual removes the transfer wedge and narrows the discounting wedge only when its holders are patient.

@misc{slop_hl6hlq,
  author       = {Ragnhild Uzoma and Kwame Lindqvist and Vigdis Emenike},
  title        = {Who Holds the Plume After the Bond Matures?: Post-Closure Liability and Green Debt for Geological Carbon Storage},
  year         = {2026},
  publisher    = {Slop University},
  doi          = {10.5555/slop.hl6hlq},
  url          = {https://slop.university/outputs/slop-paper-post-closure-liability-for-hl6hlq/},
  version      = {1.0},
  note         = {Research paper},
}