scholarly journals Why and Where to Fund Carbon Capture and Storage

2021 ◽  
Vol 27 (6) ◽  
Author(s):  
Kian Mintz-Woo ◽  
Joe Lane
Keyword(s):  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Global Solutions ◽  
Climate Impacts ◽  
Developing Regions ◽  
Strategic Investment ◽  
Legitimate Expectations ◽  
Near Term ◽  
Moral Justifications ◽  
And Storage

AbstractThis paper puts forward two claims about funding carbon capture and storage. The first claim is that there are moral justifications supporting strategic investment into CO2 storage from global and regional perspectives. One argument draws on the empirical evidence which suggests carbon capture and storage would play a significant role in a portfolio of global solutions to climate change; the other draws on Rawls’ notion of legitimate expectations and Moellendorf’s Anti-Poverty principle. The second claim is that where to pursue this strategic investment poses a morally non-trivial problem, with considerations like near-term global distributive justice and undermining legitimate expectations favouring investing in developing regions, especially in Asia, and considerations like long-term climate impacts and best uses of resources favouring investing in the relatively wealthy regions that have the best prospects for successful storage development.

scholarly journals The need for a Net Zero Principles Framework to support public policy at local, regional and national levels

2020 ◽  
Vol 35 (7) ◽  
pp. 627-634
Author(s):  
Karen Turner ◽  
Antonios Katris ◽  
Julia Race
Keyword(s):  
Public Policy ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Economic Returns ◽  
Net Zero ◽  
Local Areas ◽  
Zero Carbon ◽  
Near Term ◽  
And Storage ◽  
Do So

Many nations have committed to midcentury net zero carbon emissions targets in line with the 2015 Paris Agreement. These require systemic transition in how people live and do business in different local areas and regions within nations. Indeed, in recognition of the climate challenge, many regional and city authorities have set their own net zero targets. What is missing is a grounded principles framework to support what will inevitably be a range of broader public policy actions, which must in turn consider pathways that are not only technically, but economically, socially and politically feasible. Here, we attempt to stimulate discussion on this issue. We do so by making an initial proposition around a set of generic questions that should challenge any decarbonisation action, using the example of carbon capture and storage to illustrate the importance and complexity of ensuring feasibility of actions in a political economy arena. We argue that this gives rise to five fundamental ‘Net Zero Principles’ around understanding of who really pays and gains, identifying pathways that deliver growing and equitable prosperity, some of which can deliver near-term economic returns, while avoiding outcomes that simply involve ‘off-shoring’ of emissions, jobs and gross domestic product.

scholarly journals The Economic Accessibility of CO2 Sequestration through Bioenergy with Carbon Capture and Storage (BECCS) in the US

Land ◽  
2020 ◽  
Vol 9 (9) ◽  
pp. 299 ◽  
Author(s):  
Matthew Langholtz ◽  
Ingrid Busch ◽  
Abishek Kasturi ◽  
Michael R. Hilliard ◽  
Joanna McFarlane ◽  
...  
Keyword(s):  
Power Generation ◽  
Co2 Sequestration ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Power Sources ◽  
Sequestration Potential ◽  
The Us ◽  
Near Term ◽  
And Storage

Bioenergy with carbon capture and storage (BECCS) is one strategy to remove CO2 from the atmosphere. To assess the potential scale and cost of CO2 sequestration from BECCS in the US, this analysis models carbon sequestration net of supply chain emissions and costs of biomass production, delivery, power generation, and CO2 capture and sequestration in saline formations. The analysis includes two biomass supply scenarios (near-term and long-term), two biomass logistics scenarios (conventional and pelletized), and two generation technologies (pulverized combustion and integrated gasification combined cycle). Results show marginal cost per tonne CO2 (accounting for costs of electricity and CO2 emissions of reference power generation scenarios) as a function of CO2 sequestered (simulating capture of up to 90% of total CO2 sequestration potential) and associated spatial distribution of resources and generation locations for the array of scenario options. Under a near-term scenario using up to 206 million tonnes per year of biomass, up to 181 million tonnes CO2 can be sequestered annually at scenario-average costs ranging from $62 to $137 per tonne CO2; under a long-term scenario using up to 740 million tonnes per year of biomass, up to 737 million tonnes CO2 can be sequestered annually at scenario-average costs ranging from $42 to $92 per tonne CO2. These estimates of CO2 sequestration potential may be reduced if future competing demand reduces resource availability or may be increased if displaced emissions from conventional power sources are included. Results suggest there are large-scale opportunities to implement BECCS at moderate cost in the US, particularly in the Midwest, Plains States, and Texas.

A regional assessment of land-based carbon mitigation options: Bioenergy, reforestation, forest management

2020 ◽  
Author(s):  
Mona Reiss ◽  
Andy Krause ◽  
Anja Rammig
Keyword(s):  
Carbon Storage ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Climate Impacts ◽  
Substitution Effects ◽  
Carbon Mitigation ◽  
Mitigation Potential ◽  
Alternative Management ◽  
Forestry Sector ◽  
And Storage

<p>Current scenarios assume that in addition to a rapid reduction in greenhouse gas emissions, land-based carbon mitigation will also be necessary to achieve the targets of the Paris Climate Agreement. Possible measures are increased carbon sequestration via planting new forests, the cultivation of bioenergy crops, possibly in combination with carbon capture and storage (BECCS), or increasing the carbon storage of existing forests. However, currently available scenarios that are in line with IPCC storylines (SSPs, Shared Socioeconomic Pathways and RCPs, Representative Concentration Pathways) usually have  a global  perspective, while in practice mitigation projects have to be realized regionally or locally. Here, we investigate the carbon mitigation potential via alternative management of Bavarian ecosystems using an ecosystem model with an explicit representation of climate impacts and land management. Bioenergy cultivation on existing agricultural land has a larger mitigation potential than reforestation only if combined with carbon capture and storage (BECCS).  The mitigation potential in the forestry sector via alternative management is limited (converting coniferous into mixed forests, nitrogen fertilization) or even negative (suspending wood harvest) due to decreased carbon storage in product pools and associated substitution effects. Overall, the potential for land-based mitigation in Bavaria is limited because the majority of current agricultural lands will still be needed for food production and the forestry sector offers only small per-area carbon mitigation potentials.</p>

scholarly journals On the climate impacts of blue hydrogen production

2021 ◽  
Author(s):  
Christian Bauer ◽  
Karin Treyer ◽  
cristina antonini ◽  
Joule Bergerson ◽  
Matteo Gazzani ◽  
...  
Keyword(s):  
Hydrogen Production ◽  
Natural Gas ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Climate Impacts ◽  
And Storage ◽  
Natural Gas Reforming

Natural gas based hydrogen production with carbon capture and storage is referred to as blue hydrogen. If substantial amounts of CO2 from natural gas reforming are captured and permanently stored,...

scholarly journals European Carbon Dioxide Removal Policy: Current Status and Future Opportunities

2021 ◽  
Vol 3 ◽  
Author(s):  
Eve Tamme ◽  
Larissa Lee Beck
Keyword(s):  
Carbon Dioxide ◽  
Carbon Capture ◽  
Scale Up ◽  
Carbon Capture And Storage ◽  
Carbon Dioxide Removal ◽  
Current Status ◽  
Near Term ◽  
Climate Neutrality ◽  
And Storage

Over the past two years, the European Union, Norway, Iceland, and the UK have increased climate ambition and aggressively pushed forward an agenda to pursue climate neutrality or net-zero emissions by mid-century. This increased ambition, partly the result of the Intergovernmental Panel on Climate Change's landmark findings on limiting global warming to 1.5°C, has also led to a renewed approach to and revitalized debate about the role of carbon capture and storage and carbon dioxide removal. With increasing climate ambition, including a mid-century climate neutrality goal for the whole European Union, the potential role of technological carbon dioxide removal (CDR) is emerging as one of the critical points of debate among NGOs, policymakers, and the private sector. Policymakers are starting to discuss how to incentivize a CDR scale-up. What encompasses the current debate, and how does it relate to CDR technologies' expected role in reaching climate neutrality? This perspective will highlight that policy must fill two gaps: the accounting and the commercialization gap for the near-term development of a comprehensive CDR policy framework. It will shine a light on the current status of negative emission technologies and the role of carbon capture and storage in delivering negative emissions in Europe's decarbonized future. It will also analyze the role of carbon markets, including voluntary markets, as potential incentives while exploring policy pathways for a near-term scale-up.

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