scholarly journals CCS Projects: How Regulatory Framework Influences Their Deployment

Resources ◽  
2019 ◽  
Vol 8 (4) ◽  
pp. 181 ◽  
Author(s):  
Natalia Romasheva ◽  
Alina Ilinova
Keyword(s):  
Carbon Capture ◽  
Technology Development ◽  
Co2 Storage ◽  
Carbon Capture And Storage ◽  
Extensive Literature ◽  
Low Carbon ◽  
Ccs Technologies ◽  
Analysis System ◽  
Favorable Conditions ◽  
Policy Incentives

Preventing the effects of climate change is one of the most pressing challenges of this century. Carbon capture and storage (CCS) technology takes up a promising position in the achievement of a low-carbon future. Currently, CCS projects are implemented not only for CO2 storage but also for its usage in industries, in conformity with the principles of a circular economy. To date, a number of countries have accumulated experience in launching and implementing CCS projects. At the same time, the peculiarities and pace of technology development around the world remain different. This paper attempts to identify key factors that, first, generally affect CCS projects deployment, and second, create favorable conditions for CCS technologies development. Based on an extensive literature review and the experience of different countries, classification and interpretation of these factors are offered, justifying their impact on CCS projects. As a result of this paper, the authors present an assessment of the maturity of policy incentives and regulations in the field of CCS for different countries with revealed dependence between the level and effectiveness of CCS projects’ implementation, confirming the adequacy of the offered approaches and identifying measures that ensure success in CCS. The methodology of this study includes case studies, a modified PEST analysis, system-oriented analysis, the checklist method, and regression analyses.

Analysis of Policy Incentives for Selection of CCS Technologies

2013 ◽  
Vol 869-870 ◽  
pp. 967-970 ◽  
Author(s):  
Chao Huang ◽  
Xiao Qin Li ◽  
Li Fei Chen
Keyword(s):  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Price Policy ◽  
Investment Strategies ◽  
Real Options Theory ◽  
Value Evaluation ◽  
Ccs Technologies ◽  
Investment Models ◽  
Policy Incentives ◽  
And Storage

This paper studies the effect of policy incentives on investment strategies of carbon capture and storage (CCS) technologies. We establish CCS investment models based on real options theory for investment value evaluation of CCS, which consider CO2price, policy incentives and different CCS technologies that include the old existing CCS technology and the new one. We evaluate CCS investment option values and calculate the change of CCS investment values and thresholds due to the variation of CO2price and policy incentives. We conclude that the optimal strategy is investing in the new CCS technology when there are enough policy incentives, otherwise, it is optimal to firstly invest in the old existing CCS technology and then upgrade to the new one.

scholarly journals Coupled Climate–Economy–Biosphere (CoCEB) model – Part 2: Deforestation control and investment in carbon capture and storage technologies

2015 ◽  
Vol 6 (1) ◽  
pp. 865-906
Author(s):  
K. B. Z. Ogutu ◽  
F. D'Andrea ◽  
M. Ghil ◽  
C. Nyandwi ◽  
M. M. Manene ◽  
...  
Keyword(s):  
Climate Change ◽  
Carbon Dioxide ◽  
Carbon Capture ◽  
Carbon Dioxide Emission ◽  
Carbon Capture And Storage ◽  
Carbon Dioxide Concentration ◽  
Gdp Growth ◽  
Low Carbon ◽  
Ccs Technologies ◽  
And Storage

Abstract. This study uses the global climate–economy–biosphere (CoCEB) model developed in Part 1 to investigate economic aspects of deforestation control and carbon sequestration in forests, as well as the efficiency of carbon capture and storage (CCS) technologies as policy measures for climate change mitigation. We assume – as in Part 1 – that replacement of one technology with another occurs in terms of a logistic law, so that the same law also governs the dynamics of reduction in carbon dioxide emission using CCS technologies. In order to take into account the effect of deforestation control, a slightly more complex description of the carbon cycle than in Part 1 is needed. Consequently, we add a biomass equation into the CoCEB model and analyze the ensuing feedbacks and their effects on per capita gross domestic product (GDP) growth. Integrating biomass into the CoCEB and applying deforestation control as well as CCS technologies has the following results: (i) low investment in CCS contributes to reducing industrial carbon emissions and to increasing GDP, but further investment leads to a smaller reduction in emissions, as well as in the incremental GDP growth; and (ii) enhanced deforestation control contributes to a reduction in both deforestation emissions and in atmospheric carbon dioxide concentration, thus reducing the impacts of climate change and contributing to a slight appreciation of GDP growth. This effect is however very small compared to that of low-carbon technologies or CCS. We also find that the result in (i) is very sensitive to the formulation of CCS costs, while to the contrary, the results for deforestation control are less sensitive.

scholarly journals Life Cycle Assessment of Direct Air Carbon Capture and Storage with Low-Carbon Energy Sources

2021 ◽  
Author(s):  
Tom Terlouw ◽  
Karin Treyer ◽  
christian bauer ◽  
Marco Mazzotti
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Carbon Capture ◽  
Large Scale ◽  
Carbon Capture And Storage ◽  
Low Carbon ◽  
Solid Sorbent ◽  
Low Carbon Energy ◽  
And Storage ◽  
Limited Scope

Prospective energy scenarios usually rely on Carbon Dioxide Removal (CDR) technologies to achieve the climate goals of the Paris Agreement. CDR technologies aim at removing CO2 from the atmosphere in a permanent way. However, the implementation of CDR technologies typically comes along with unintended environmental side-effects such as land transformation or water consumption. These need to be quantified before large-scale implementation of any CDR option by means of Life Cycle Assessment (LCA). Direct Air Carbon Capture and Storage (DACCS) is considered to be among the CDR technologies closest to large-scale implementation, since first pilot and demonstration units have been installed and interactions with the environment are less complex than for biomass related CDR options. However, only very few LCA studies - with limited scope - have been conducted so far to determine the overall life-cycle environmental performance of DACCS. We provide a comprehensive LCA of different low temperature DACCS configurations - pertaining to solid sorbent-based technology - including a global and prospective analysis.

scholarly journals The potential for large-scale, subsurface geological CO2 storage in Denmark

1969 ◽  
Vol 17 ◽  
pp. 13-16 ◽  
Author(s):  
Peter Frykman ◽  
Lars Henrik Nielsen ◽  
Thomas Vangkilde-Pedersen
Keyword(s):  
Carbon Capture ◽  
Large Scale ◽  
Best Practice ◽  
Co2 Storage ◽  
Carbon Capture And Storage ◽  
The European Union ◽  
Geological Storage ◽  
Geological Co2 Storage ◽  
Research Programmes ◽  
Capture Techniques

Carbon capture and storage (CCS) is increasingly considered to be a tool that can significantly reduce the emission of CO2. It is viewed as a technology that can contribute to a substantial, global reduction of emitted CO2 within the timeframe that seems available for mitigating the effects of present and continued emission. In order to develop the CCS method the European Union (EU) has supported research programmes for more than a decade, which focus on capture techniques, transport and geological storage. The results of the numerous research projects on geological storage are summarised in a comprehensive best practice manual outlining guidelines for storage in saline aquifers (Chadwick et al. 2008). A detailed directive for geological storage is under implementation (European Commission 2009), and the EU has furthermore established a programme for supporting the development of more than ten large-scale demonstration plants throughout Europe. Geological investigations show that suitable storage sites are present in most European countries. In Denmark initial investigations conducted by the Geological Survey of Denmark and Greenland and private companies indicate that there is significant storage potential at several locations in the subsurface.

Green pivot: can Australia master the hydrogen trade?

2021 ◽  
Vol 61 (2) ◽  
pp. 466
Author(s):  
Prakash Sharma ◽  
Benjamin Gallagher ◽  
Jonathan Sultoon
Keyword(s):  
Carbon Capture ◽  
Large Scale ◽  
Carbon Capture And Storage ◽  
Clean Energy ◽  
Low Carbon ◽  
Metallurgical Coal ◽  
Thermal Coal ◽  
The World ◽  
Trading Partners ◽  
End Use

Australia is in a bind. It is at the heart of the pivot to clean energy: it contains some of the world’s best solar irradiance and vast potential for large-scale carbon capture and storage; it showed the world the path forward with its stationary storage flexibility at the much vaunted Hornsdale power reserve facility; and it moved quickly to capitalise on low-carbon hydrogen production. Yet it remains one of the largest sources for carbon-intensive energy exports in the world. The extractive industries are still delivering thermal coal for power generation and metallurgical coal for carbon-intensive steel making in Asian markets. Even liquefied natural gas’s green credentials are being questioned. Are these two pathways compatible? The treasury and economy certainly benefit. But there is a huge opportunity to redress the source of those funds and jobs, while fulfilling the aspirations to reach net zero emissions by 2050. In our estimates, the low-carbon hydrogen economy could grow to become so substantial that 15% of all energy may be ultimately ‘carried’ by hydrogen by 2050. It is certainly needed to keep the world from breaching 2°C. Can Australia master the hydrogen trade? It is believed that it has a very good chance. Blessed with first-mover investment advantage, and tremendous solar and wind resourcing, Australia is already on a pathway to become a producer of green hydrogen below US$2/kg by 2030. How might it then construct a supply chain to compete in the international market with established trading partners and end users ready to renew old acquaintances? Its route is assessed to mastery of the hydrogen trade, analyse critical competitors for end use and compare costs with other exporters of hydrogen.

scholarly journals Pathways for Low-Carbon Transition of the Steel Industry—A Swedish Case Study

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3840
Author(s):  
Alla Toktarova ◽  
Ida Karlsson ◽  
Johan Rootzén ◽  
Lisa Göransson ◽  
Mikael Odenberger ◽  
...  
Keyword(s):  
Blast Furnace ◽  
Co2 Emissions ◽  
Steel Industry ◽  
Carbon Capture ◽  
Direct Reduction ◽  
Carbon Capture And Storage ◽  
Steel Production ◽  
Mitigation Measures ◽  
Production Plant ◽  
Low Carbon

The concept of techno-economic pathways is used to investigate the potential implementation of CO2 abatement measures over time towards zero-emission steelmaking in Sweden. The following mitigation measures are investigated and combined in three pathways: top gas recycling blast furnace (TGRBF); carbon capture and storage (CCS); substitution of pulverized coal injection (PCI) with biomass; hydrogen direct reduction of iron ore (H-DR); and electric arc furnace (EAF), where fossil fuels are replaced with biomass. The results show that CCS in combination with biomass substitution in the blast furnace and a replacement primary steel production plant with EAF with biomass (Pathway 1) yield CO2 emission reductions of 83% in 2045 compared to CO2 emissions with current steel process configurations. Electrification of the primary steel production in terms of H-DR/EAF process (Pathway 2), could result in almost fossil-free steel production, and Sweden could achieve a 10% reduction in total CO2 emissions. Finally, (Pathway 3) we show that increased production of hot briquetted iron pellets (HBI), could lead to decarbonization of the steel industry outside Sweden, assuming that the exported HBI will be converted via EAF and the receiving country has a decarbonized power sector.

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