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Scaling up carbon dioxide capture and storage: From megatons to gigatons

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  • Herzog, Howard J.
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    Abstract

    Carbon dioxide (CO2) capture and storage (CCS) is the only technology that can reduce CO2 emissions substantially while allowing fossil fuels to meet the world's pressing energy needs. Even though the technological components of CCS--separation of CO2 from emissions, transport, and secure storage--are all in use somewhere in the economy, they do not currently function together in the manner required for large-scale CO2 reduction. The challenge for CCS to be considered commercial is to integrate and scale up these components. Significant challenges remain in growing CCS from the megaton level where it is today to the gigaton level where it needs to be to help mitigate global climate change. These challenges, none of which are showstoppers, include lowering costs, developing needed infrastructure, reducing subsurface uncertainty, and addressing legal and regulatory issues. Progress will require a series of demonstration projects worldwide, an economically viable policy framework, and the evolution of a business model.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0140988310001921
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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 33 (2011)
    Issue (Month): 4 (July)
    Pages: 597-604

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    Handle: RePEc:eee:eneeco:v:33:y:2011:i:4:p:597-604

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    Web page: http://www.elsevier.com/locate/eneco

    Related research

    Keywords: Climate change Global warming Carbon mitigation Low carbon energy technologies Carbon dioxide capture and storage (CCS);

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    Cited by:
    1. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2012. "Optimal Timing of Carbon Capture Policies Under Alternative CCS Cost Functions," IDEI Working Papers 727, Institut d'Économie Industrielle (IDEI), Toulouse.
    2. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2012. "Optimal timing of CCS policies with heterogeneous energy consumption sectors," LERNA Working Papers 12.13.370, LERNA, University of Toulouse.
    3. Moreaux, Michel & Withagen, Cees, 2013. "Climate Change and Carbon Capture and Storage," TSE Working Papers 13-393, Toulouse School of Economics (TSE).
    4. Bouwe Dijkstra & Maria J. Gil-Moltó, 2014. "Is Emission Intensity or Output U-shaped in the Strictness of Environmental Policy," CESifo Working Paper Series 4833, CESifo Group Munich.
    5. Benjamin Court & Thomas Elliot & Joseph Dammel & Thomas Buscheck & Jeremy Rohmer & Michael Celia, 2012. "Promising synergies to address water, sequestration, legal, and public acceptance issues associated with large-scale implementation of CO 2 sequestration," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(6), pages 569-599, August.
    6. Emanuele Massetti & Elena Claire Ricci, 2011. "Super-Grids and Concentrated Solar Power: A Scenario Analysis with the WITCH Model," Working Papers 2011.47, Fondazione Eni Enrico Mattei.
    7. Selosse, Sandrine & Ricci, Olivia & Maïzi, Nadia, 2013. "Fukushima's impact on the European power sector: The key role of CCS technologies," Energy Economics, Elsevier, vol. 39(C), pages 305-312.
    8. Massol, O. & Tchung-Ming, S., 2012. "Joining the CCS Club! Insights from a Northwest European CO2 Pipeline Project," Working Papers 12/10, Department of Economics, City University London.
    9. Asbjørn Torvanger & Marianne Lund & Nathan Rive, 2013. "Carbon capture and storage deployment rates: needs and feasibility," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(2), pages 187-205, February.
    10. Walsh, D.M. & O'Sullivan, K. & Lee, W.T. & Devine, M.T., 2014. "When to invest in carbon capture and storage technology: A mathematical model," Energy Economics, Elsevier, vol. 42(C), pages 219-225.
    11. Michel Moreaux & Cees Withagen, 2014. "Fluctuating Climate Changes Induced by Optimal Carbon Capturing Policies," Working Papers 2014.01, FAERE - French Association of Environmental and Resource Economists, revised May 2014.

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