Carbon Capture and Storage

Bandilla, Karl W.

doi:10.1016/b978-0-08-102886-5.00031-1

Cited by 31 publications

(14 citation statements)

References 62 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While hydropower is the source of most of the Norway's energy production, hydropower and bioenergy are the top renewable sources in Sweden. Moreover, Norway has long been a traditional leader in carbon capture and storage (CCS) technology, which is a climate change mitigation technology where CO 2 is captured from power plants and other industrial processes instead of being emitted to the atmosphere [38]. Previous studies have concluded that low-carbon technologies, including CCS, are essential to meeting the Paris climate agreement objectives [39].…”

Section: The Evolution Of Renewable Energy Consumption Over Timementioning

confidence: 99%

On the Impact of GDP per Capita, Carbon Intensity and Innovation for Renewable Energy Consumption: Worldwide Evidence

Tudor

Şova

2021

Energies

View full text Add to dashboard Cite

The mitigation of climate change through ambitious greenhouse gases emission reduction targets constitutes a current priority at world level, reflected in international, regional and national agendas. Within the common framework for global climate action, an increased reliance on renewable energy sources, which would assist countries to reduce energy imports and cut fossil fuel use, emerged as the solution towards achieving worldwide energy security and sustainability through carbon-neutrality. As such, this study is aimed to investigate the heterogeneous effects of relevant economic and environmental driving factors for renewable energy consumption (REC) that emerge from current policy objectives (GDP per capita, carbon intensity, and research and development) through an empirical analysis of a wide panel of 94 countries, and five income-based subpanels, over the 1995–2019 period, by using heterogeneous panel data fixed-effects estimation techniques (static and dynamic) with robust Driscoll–Kraay standard errors. The results unambiguously indicate that CO2 intensity has a significant mitigating effect on REC at world level, and this relationship is stronger for low-income and very high-income countries. Moreover, GDP per capita promotes REC when it surpasses the 5000 USD threshold, whereas research and development is a major contributor to increase in renewable energy consumption in very high-income countries. As such, for the policy makers, it is necessary to consider the heterogeneity of the drivers of REC in order to issue effective and congruent policies. The effective employment of post-COVID-19 recovery funds constitutes a timely, ideal occasion.

show abstract

Section: The Evolution Of Renewable Energy Consumption Over Timementioning

confidence: 99%

On the Impact of GDP per Capita, Carbon Intensity and Innovation for Renewable Energy Consumption: Worldwide Evidence

Tudor

Şova

2021

Energies

View full text Add to dashboard Cite

show abstract

“…CCS technologies can be divided into three basic categories: CO2 capture after combustion, before combustion, and oxy-combustion of fuel [6,7,13].…”

Section: Ccs Technologiesmentioning

confidence: 99%

Application of Real Options Approach to Analyse Economic Efficiency of Power Plant with CCS Installation under Uncertainty

Sowiński

2022

Energies

View full text Add to dashboard Cite

The main goal of this article is to build a decision model for an investment involving the addition of a CCS (Carbon dioxide Capture and Storage) installation in an existing conventional power plant. The application of CCS systems in coal and gas power plants involves large capital expenditures and an increase in operating costs. The lack of upgrade modernisation and environmentally friendly investments in this type of power plant generates the additional costs of the purchase of emission allowances. An analysis of the impact of the addition of a CCS installation to an existing coal power plant on the costs of electricity generation is presented. Based on the accessible technical and economic data, a concept has been framed and an original decision-making model has been developed for an investment consisting in constructing a CCS installation in an existing power plant. A novelty of the paper is the presented proprietary decision-making model in conditions of uncertainty using the real options approach. Stochastic state variables are included in the model: the price of the CO2 emission allowance, the unit costs of capturing, transporting, storing and stockpiling CO2 and the unit costs of electricity generation. It is assumed that the time curves of the state variables are described by equations of geometric Brownian motions. The values of standard deviations in the equations are measures of uncertainty. The value of the retrofit option is defined as the maximum value from the expected net present value. From the dynamic optimisation equation, resulting from Bellman’s principle of optimality, it results that the retrofit option must satisfy the differential equation. The calculations were made for a specific, commercially applicable case of CCS technology in order to present the model’s capabilities. The analyses’ results and conclusions are presented.

show abstract

“…Shifting the generation of energy to nuclear sources comes with its own challenges despite being more reliable in comparison to that from renewables ) also with low carbon footprints. Chief Pre-combustion capturing entails the conversion of the greenhouse gas yielding fuel to CO2 and fuel that is Carbon free (Bandilla, 2020;Climate, 2005).…”

Section: Introductionmentioning

confidence: 99%

Climate change mitigation with carbon capture: An overview

Towoju

Petinrin

2023

View full text Add to dashboard Cite

The world is at the verge of catastrophe occasioned by the effect of climate change. Drastic action needs to be taken to reverse this ugly trend. Some of the proffered solutions to global warming is the adoption of renewable energy usage and a stop of fossil fuels combustion. However, the low capacity factor and energy return has been the bane on the usage of some renewable energy sources. A leeway however, exists in the technology of removal of greenhouse gases referred to as Carbon Capture. The widely adopted method being at point source because of its high concentration favouring easier processes of removal. This technology has received increased attention over the years as evident from data for the past five years. However, this technology alone cannot guarantee atmospheric CO2 levels required to maintain global temperature rise below the 1.50C mark. Negative emission technology processes of which the Direct Air Capture (DAC) is one needs to be developed. The infancy of the DAC technology and the uncertainties that surrounds its cost still pose as challenges. The cost of removing a tonne of CO2 with DAC technology can be as high as $600, this is unsustainable and has to be drastically reduced. While it is projected that DAC technology can take out 980 Metric Tonne (MT) CO2/annum by 2050, current figures stand at 0.008 MT. It is our view that the development of solid adsorbents and the harnessing of the thermal energy inherent in the sun can be a game changer.

show abstract

Carbon Capture and Storage

Cited by 31 publications

References 62 publications

On the Impact of GDP per Capita, Carbon Intensity and Innovation for Renewable Energy Consumption: Worldwide Evidence

On the Impact of GDP per Capita, Carbon Intensity and Innovation for Renewable Energy Consumption: Worldwide Evidence

Application of Real Options Approach to Analyse Economic Efficiency of Power Plant with CCS Installation under Uncertainty

Climate change mitigation with carbon capture: An overview

Contact Info

Product

Resources

About