Risk Assessment and Management Associated with CCS

Oraee-Mirzamani, Behdeen; Cockerill, Tim; Makuch, Zen

doi:10.1016/j.egypro.2013.06.385

Cited by 17 publications

(6 citation statements)

References 3 publications

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“…The first step of the proposed methodological approach will be oriented towards the creation of an inventory of local hazards, the assessment of their occurrence, and the overall potential impact on the asset at risk based on patrimonial and non-material damages [68]. Finally, the definition of potential specific mitigation strategies applicable in a local context should be mapped and included within an overall inventory.…”

Section: Resultsmentioning

confidence: 99%

Implementation of Blockchain Technology in Insurance Contracts Against Natural Hazards: A Methodological Multi-Disciplinary Approach

Pagano

Romagnoli

Vannucci

2019

Environmental and Climate Technologies

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Risk insurance for disasters plays a relevant part in the implementation of risk reduction strategies during the pre-disaster phase. This is essential to support risk management towards decreasing the marginal risk allowing policy holders to transfer risk to avoid considerable financial loads from the costs incurred during the recovery phase in a post-disaster phase. There is evidence that the introduction of an integrated risk insurance strategy for community resilience planning is still lacking. Thus, this undermines the possibility to have proper optimized holistic risk management; on the one hand this strengthens pre-disaster risk mitigation measures, mostly relying on mitigative infrastructural solutions, and on the other hand it better defines risk prevention strategies mostly connected to land planning and urban development. This paper will show how insurance markets can play a key role towards mitigating the economic consequences of natural and climate change disasters, and how essential it is to better quantify the beneficial effects and costs of engineer-based mitigative solutions. In this context, the legal framework into which the actuarial quantitative model can be implemented will support the creation of an integrated multidisciplinary approach with potential implementation on a novel platform capable of collecting and processing information from different sources and dimensions such as blockchain technology. The scientific community is, in fact, increasingly interested in implementing blockchain technology to overcome problems linked to the contractual dimension of natural disaster risk insurance which can be interpreted as a sort of smart contracting. Through a study that involved four distinct areas, namely: law, environmental engineering, insurance and IT, this paper proposes a specific multidisciplinary methodology to achieve the drafting and implementation of a digital insurance contract on a blockchain platform against natural hazards. This paper proposes the basis to advance a quantitative concept to optimize the impact of catastrophe risk insurance onto the community resilience; in fact providing a key synergy for definition of pre-disaster conditions.

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Section: Resultsmentioning

confidence: 99%

Implementation of Blockchain Technology in Insurance Contracts Against Natural Hazards: A Methodological Multi-Disciplinary Approach

Pagano

Romagnoli

Vannucci

2019

Environmental and Climate Technologies

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“…The integrated assessment model suggested that the cost of implementation of CCS is a crucial parameter up to the year 2050, not in the year 2100 (Yang et al, 2021). The probabilistic risk assessment of CCS using fault tree analysis and analytical hierarchy process (Oraee‐Mirzamani et al, 2013) and stochastic energy planning model (Irawan et al, 2021) are studied in the literature to reduce emissions. The comparative studies on two technologies, CCS and CCU, are examined in the article of Arning et al (2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Developing an emission risk control model in coal‐fired power plants for investigating CO₂ reduction strategies for sustainable business development

Kumari

Bera

2022

Bus Strat Env

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The climatic risk consists of financial and environmental risks, predominantly evolutes from carbon dioxide emissions from coal‐fired power plants. We develop a climatic risk control model to investigate the coexistence of renewable energy and the post‐combustion carbon capture technology as CO2 reduction strategies. Additionally, our proposed framework explicitly considers the acceptance of such strategies based on a balance of electricity supply according to demand. This paper adopts an additive fuzzy mixed‐integer optimization approach to model uncertain parameters and determines the optimal solution focusing on business and the environment. Furthermore, we investigate the feasibility of such emission control strategies with scenario analysis that help to execute the country's emission reduction policies. The usefulness of our methodology is demonstrated using data from the coal‐based power sector in the Eastern part of India. Overall, with the proposed model, we can achieve 30% reduction in emission release, which provides strategies to the decision‐maker for investment towards sustainable development.

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“…Because estimations of probabilities and consequences are based directly on experience, the reliability of their assessment is high, but usually not bias-free (Pérez, MP, 1988;Slovic, P. y Fischhoff, B., 1977). Examples of risk involved in some shale gas operations and their comparable industries include injection operations, well completion, stewardship, local/regional hazards, and geotechnical safety (Behdeen et al, 2013).…”

Section: Riskmentioning

confidence: 99%

Shale Gas: Strategic, Technical, Environmental and Regulatory Issues

2016

Cuadernos Orkestra

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In January 2016, the book Gas no convencional: shale gas. Aspectos estratégicos, técnicos, medioambientales y regulatorios was published. As we pointed out in the prologue of the book, the study of unconventional gas is within the lines of knowledge of the Energy Chair of Orkestra of the University of Deusto. In fact, three main lines of study are currently covered. Namely Energy markets, Energy Industry and Technology, and Energy Policy. The approach to the shale gas study that the reader has in his hands, in our view, covers a wide scope of topics, including the strategic aspects, the technical topics related to the exploration, drilling and hydraulic fracturing, as well as the environmental aspects and the regulation processes for exploration. One of the characteristics of the research of the Energy Chair is to try to work with a network of institutions, universities and professionals with experience and knowledge in the specific topics that we analyze. In this case, from the very beginning, it was though that the creation and implementation of a group of experts would be particularly valuable, so an Advisory Group and a Reviewers Group were put in place. The relevant professionals and institutions that we have the honor to count on are reflected in this study. Given the participation of the members of the Advisory Group and the Reviewers Group, the first draft of the study was written in English. At the beginning of the project, Nerea Álvarez, mining engineer, produced a first draft. The English version was translated into Spanish and later, when Claudia Suárez joined the Energy Chair of Orkestra, she was fully involved to revise, extend and improve the study. In the process, we decided to focus our improvements in the Spanish version and to publish a book in Spanish. This study does not cover exactly all aspects and details dealt with in the book. Therefore, the document cannot be considered, in strict sense, a full and complete translation of the book, although many improvements of the Spanish book have been incorporated to the first draft in English.

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Risk Assessment and Management Associated with CCS

Cited by 17 publications

References 3 publications

Implementation of Blockchain Technology in Insurance Contracts Against Natural Hazards: A Methodological Multi-Disciplinary Approach

Implementation of Blockchain Technology in Insurance Contracts Against Natural Hazards: A Methodological Multi-Disciplinary Approach

Developing an emission risk control model in coal‐fired power plants for investigating CO₂ reduction strategies for sustainable business development

Shale Gas: Strategic, Technical, Environmental and Regulatory Issues

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Risk Assessment and Management Associated with CCS

Cited by 17 publications

References 3 publications

Implementation of Blockchain Technology in Insurance Contracts Against Natural Hazards: A Methodological Multi-Disciplinary Approach

Implementation of Blockchain Technology in Insurance Contracts Against Natural Hazards: A Methodological Multi-Disciplinary Approach

Developing an emission risk control model in coal‐fired power plants for investigating CO2 reduction strategies for sustainable business development

Shale Gas: Strategic, Technical, Environmental and Regulatory Issues

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Product

Resources

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Developing an emission risk control model in coal‐fired power plants for investigating CO₂ reduction strategies for sustainable business development