Assessing complexity of carbon capture and storage using multi-criteria decision-making methods

2015 ◽  
Author(s):  
J Sara ◽  
R. M. Stikkelman ◽  
P. M. Herder
Keyword(s):  
Decision Making ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Multi Criteria Decision Making ◽  
And Storage

scholarly journals A Review of Carbon Capture and Storage Project Investment and Operational Decision-Making Based on Bibliometrics

Energies ◽  
2018 ◽  
Vol 12 (1) ◽  
pp. 23 ◽  
Author(s):  
Jiaquan Li ◽  
Yunbing Hou ◽  
Pengtao Wang ◽  
Bo Yang
Keyword(s):  
Decision Making ◽  
Optimization Model ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Project Planning ◽  
Cost Curve ◽  
Project Investment ◽  
Pipeline Network ◽  
Operational Decision Making ◽  
And Storage

The research on carbon capture and storage (CCS) project planning and investment and operational decision-making can provide a reference for enterprises to invest in CCS and for policy-makers to formulate policies to promote CCS development. So what are the current research hotspots in this field and the gaps that still need to be further studied in the future? This paper reviews the research in the field by a bibliometric analysis. The results show that the research in this field first focus on cost analysis, followed by project investment evaluation, project planning (cost curve and pipeline network), and project operation. In particular, fossil fuel power plants, pipeline transportation, and oil fields are the most crucial objects in the three technical links of CCS projects, respectively. Policies, carbon pricing, and uncertainty in cost and benefits are factors that are mainly discussed in this field. The methods used for CCS project planning are cost curve model and optimization model. The real option approach is suitable for the evaluation of investment decision-making. The evaluation of operational decision is mostly based on optimization model. The future research directions can be summarized as five points: (1) continuously and systematically update the calculated costs in the current research to the unified price of the latest year; (2) calculate the cost curve from the perspective of emission sources; (3) expand the planning region of pipeline network to the country, continent, and even the entire world; (4) pay more attention to the investment assessment of the CCS project that may be implemented with low cost and high return; and (5) analyze the optimal operation mode of CCS in the low-load power system.

The Decision-Making for Large-Scale Carbon Capture and Storage Projects in China and the U.S

2012 ◽  
Vol 616-618 ◽  
pp. 1573-1577
Author(s):  
Xian Jin Lai
Keyword(s):  
Decision Making ◽  
Carbon Capture ◽  
Large Scale ◽  
Global Climate ◽  
Carbon Capture And Storage ◽  
Adoption Process ◽  
Adoption And Implementation ◽  
Energy Projects ◽  
And Storage ◽  
The U.S

Carbon capture and storage (CCS) can be an important technological option for managing CO2 emission in the context of addressing global climate change. Launching large-scale CCS projects is an effective way to accelerate technology development and deployment. In order to draw lessons from large-scale energy projects adoption and implementation, this study compares decision-making for large-scale CCS projects in China and the U.S. It compares the project agenda-setting and adoption process based on case study. It is argued that both countries have different advantages in launching large-scale energy projects. And leadership could be a key element for project adoption and implementation successfully. This factor should be highly considered in the technological innovation research.

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