First, we saw in Section 2.7 that there is a class of near-extremal solutions (79) obeying the boundary conditions (111) – (116) with near-horizon energy . However, the charge is a heat term, which is not integrable when both and can be varied. Moreover, upon scaling the coordinates as and using the generator (24), one obtains the same metric as (79) with . If one would allow the class of near-extremal solutions (79) and the presence of symmetries in a consistent set of boundary conditions, one would be forced to fix the entropy to a constant, in order to define integrable charges. The resulting vanishing charges would not belong to the asymptotic-symmetry algebra. Since there is no other obvious candidate for a solution with non-zero near-horizon energy, we argued in Section 2.9 that there is no such solution at all. If that assumption is correct, the algebra would always be associated with zero charges and would not belong to the asymptotic symmetry group. Hence, no additional non-vanishing Virasoro algebra could be derived in a consistent set of boundary conditions. For alternative points of view, see [215, 216, 236, 214].

Second, as far as extremal geometries are concerned, there is no need for a non-trivial or second Virasoro algebra. As we will see in Section 4.4, the entropy of extremal black holes will be matched using a single copy of the Virasoro algebra, using the assumption that Cardy’s formula applies. Matching the entropy of non-extremal black holes and justifying Cardy’s formula requires two Virasoro algebras, as we will discuss in Section 6.6. However, non-extremal black holes do not admit a near-horizon limit and, therefore, are not dynamical objects described by a consistent class of near-horizon boundary conditions. At most, one could construct the near horizon region of non-extremal black holes in perturbation theory as a large deformation of the extremal near-horizon geometry. This line of thought was explored in [67]. In the context of the near-extremal Kerr black hole, it was obtained using a dimensionally-reduced model such that the algebra of diffeomorphisms, which extends the algebra, is represented on the renormalized stress-energy tensor as a Virasoro algebra. It would be interesting to further define and extend these arguments (which go beyond a standard asymptotic-symmetry analysis) to non-dimensionally-reduced models and to other near-extremal black holes.

Finally, let us also note that the current discussion closely parallels the lower dimensional example of the near-horizon limit of the extremal BTZ black hole discussed in [30]. There it was shown that the near-horizon geometry of the extremal BTZ black hole of angular momentum is a geometry with isometry

with , which is known as the self-dual AdS
Living Rev. Relativity 15, (2012), 11
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