Carbon Capture and Storage Investment and Management in an Environment of Technological and Price Uncertainties

Geske, Joachim; Herold, Johannes

doi:10.2139/ssrn.1599564

Cited by 2 publications

(5 citation statements)

References 19 publications

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“…A truly effective chain of industries to reduce carbon emissions can slow down climate change and gain time for the development of renewable fuels (bioenergy, wind, hydro, solar and geothermal energies). Due to China's vast territory, different regions have different resource endowment and different economic, environmental, energy policy-related and technological opportunities, therefore they have different potential in developing various types of clean energy and should make choices depending on their particular situations (Angell et al, 2010;Chen and Xu, 2010;Wang and Nakata, 2009;Geske and Heroldy, 2010;Li et al, 2011;Dahowski et al, 2009;Morse et al, 2009;Budzianowski, 2010aBudzianowski, , 2010b. In general, the development of low-carbon technologies is the key to the reduction of carbon emissions and carbon neutralisation.…”

Section: The Impact Of Technology Change On Carbon Emissionsmentioning

confidence: 99%

The impact of technology and structure change on GHG emissions in China: an analysis based on LMDI model

Xia

2011

IJGW

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This paper analyses the changes in the amount of carbon in GHG emissions from China's energy consumption between 1994 and 2008 with LMDI techniques to examine the economic factors that determine carbon emissions. The results show that the changes of economic scale, population, the number of households, and the urban-rural dual structure tend to increase carbon emissions; the changes of the sub-industrial structure are the most significant in the three structural effects; technological and lifestyle changes are confirmed as the dominant contributor to the decline in carbon emissions.Reference to this paper should be made as follows: Xia, Y. (2011) 'The impact of technology and structure change on GHG emissions in China: an analysis based on LMDI model', Int.

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Section: The Impact Of Technology Change On Carbon Emissionsmentioning

confidence: 99%

The impact of technology and structure change on GHG emissions in China: an analysis based on LMDI model

Xia

2011

IJGW

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“…The roadmap also calculates a reduction in the capital cost of 10-12%. Geske and Herold (2010), however, find that by applying a real options approach, investment in CCTS is mainly driven by stable CO 2 prices and thermal efficiency improvements.…”

Section: Great Ambitions: the Iea (2009) Blue Map Scenariomentioning

confidence: 99%

“…It does not necessarily imply a constant use of the capture unit in plants, as shown by Geske and Herold (2010). Still, an irregular CO 2 flow will add to the complexity and costs of the transport and storage infrastructure.…”

Section: Other International Experiences and Lessons For Europementioning

confidence: 99%

“…This will increase construction costs only moderately, but will guarantee that more plants are compatible with mature CCTS technology in the future. Still, in the absence of a credible CO 2 price path, forcing utilities into a capture-ready option will only raise the costs of the standard plants but will not incentivise CCTS investment (Geske and Herold, 2010). …”

Section: Additional Support Instrumentsmentioning

confidence: 99%

“…In cases where industry does not respond, the legal and regulatory framework should be readjusted and the level of incentives should be raised. In the absence of a credible CO 2 price path, forcing utilities into a capture-ready option will raise the costs of the standard plants but will not incentivise CCTS investment (Geske and Herold, 2010). …”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

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Carbon Capture; Transport and Storage in Europe: A Problematic Energy Bridge to Nowhere?

2011

Self Cite

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This paper summarises the findings of work package 5.3 of the SECURE project, with regard to the role of carbon capture, transport and storage (CCTS) for the future European supply security of coal. The real issue in European supply security with respect to coal is the absence of an economically and politically sustainable use of coal for electricity, liquefaction, gasification, etc. Whereas earlier papers delivered for work package 5.3 on the coal sector indicated that there are few risks to the European energy supply of (steam) coal, there is an implicit supply security threat, i.e. that coal will no longer be an essential element of European energy supply because the CCTS rollout will be delayed or not be carried out at all. This thesis is substantiated in this subsequent paper, with more technical details and some case study evidence.This Working Document is a follow-up to the SECURE project, financed by the European Commission to study the "Security of Energy Considering its Uncertainties, Risks and Economic Implications". The CEPS Working Documents are intended to give an indication of work being conducted within CEPS research programmes and to stimulate reactions from other experts in the field. Unless otherwise indicated, the views expressed are attributable only to the authors in a personal capacity and not to any institution with which they are associated.

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Carbon Capture and Storage Investment and Management in an Environment of Technological and Price Uncertainties

Cited by 2 publications

References 19 publications

The impact of technology and structure change on GHG emissions in China: an analysis based on LMDI model

The impact of technology and structure change on GHG emissions in China: an analysis based on LMDI model

Carbon Capture; Transport and Storage in Europe: A Problematic Energy Bridge to Nowhere?

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