2006
DOI: 10.1016/j.enconman.2005.09.006
|View full text |Cite
|
Sign up to set email alerts
|

The low cost of geological assessment for underground CO2 storage: Policy and economic implications

Abstract: The costs for carbon dioxide (CO 2 ) capture and storage (CCS) in geologic formations is estimated to be $6-75/t CO 2 . In the absence of a mandate to reduce greenhouse gas emissions or some other significant incentive for CCS deployment, this cost effectively limits CCS technology deployment to small niche markets and stymies the potential for further technological development through learning-by-doing until these disincentives for the free venting of CO 2 are in place. By far, the largest current fraction of… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

0
8
0

Year Published

2009
2009
2023
2023

Publication Types

Select...
5
3
1

Relationship

0
9

Authors

Journals

citations
Cited by 34 publications
(8 citation statements)
references
References 20 publications
0
8
0
Order By: Relevance
“…If these data were to reveal different capacity patterns within the aquifers due to for example new formations and/ or changes in porosity, the locations of the high-quality, low-cost regions within the aquifers could shift with respect to the locations of major CO 2 point sources in the U.S. This in turn could have a significant impact on CCS transport costs if the revised data indicates these sources are located farther away from viable storage sites (McCoy and Rubin, 2009;Gresham et al 2010), reinforcing conclusions that the acquisition of more accurate geological data is a valuable investment (Friedmann et al, 2006). …”
Section: Discussionmentioning
confidence: 94%
“…If these data were to reveal different capacity patterns within the aquifers due to for example new formations and/ or changes in porosity, the locations of the high-quality, low-cost regions within the aquifers could shift with respect to the locations of major CO 2 point sources in the U.S. This in turn could have a significant impact on CCS transport costs if the revised data indicates these sources are located farther away from viable storage sites (McCoy and Rubin, 2009;Gresham et al 2010), reinforcing conclusions that the acquisition of more accurate geological data is a valuable investment (Friedmann et al, 2006). …”
Section: Discussionmentioning
confidence: 94%
“…The successful large-scale deployment of CCS will require, for example, detailed exploration for site selection (26) and comprehensive policy to establish safety and monitoring regulations and drive adoption. Absence of comprehensive policy, in particular, has been identified as the key barrier to the deployment of CCS (27).…”
Section: Discussionmentioning
confidence: 99%
“…For example, instead of stranding early capital investments in CCS infrastructure at marginal reservoirs due to suboptimal deployment, CCS operators could be encouraged to begin by developing centralized storage systems at large reservoirs. In turn, centralization could focus the tasks of gathering geologic information on the main storage reservoirs, regulating them, and encouraging cooperation in transport services [9,34,35]. In the case of the latter, we find that cooperation in transport would reduce the cost of transport and storage by half compared to individual, small--scale transport networks.…”
Section: Discussionmentioning
confidence: 90%