IDEAS home Printed from https://ideas.repec.org/a/wsi/ccexxx/v12y2021i01ns2010007821500019.html
   My bibliography  Save this article

Scenarios For The Deployment Of Carbon Capture And Storage In The Power Sector In A Portfolio Of Mitigation Options

Author

Listed:
  • JENNIFER MORRIS

    (Massachusetts Institute of Technology, 77 Massachusetts Avenue, Cambridge MA 02139, USA)

  • HAROON KHESHGI

    (#x2020;ExxonMobil Research and Engineering Company, 1545 Route 22 East, Annandale NJ 08801, USA)

  • SERGEY PALTSEV

    (Massachusetts Institute of Technology, 77 Massachusetts Avenue, Cambridge MA 02139, USA)

  • HOWARD HERZOG

    (Massachusetts Institute of Technology, 77 Massachusetts Avenue, Cambridge MA 02139, USA)

Abstract

Using the MIT Economic Projection and Policy Analysis (EPPA) model, we explore factors influencing carbon capture and storage (CCS) deployment in power generation and its role in mitigating carbon emissions. We find that in the 2∘C scenario with EPPA’s base-case technology cost and performance assumptions, CCS plays an important role in the second half of the century: by 2100 CCS is applied to almost 40% of world electricity production, with a third coming from coal with CCS and the other two-thirds from gas with CCS. Results on CCS deployment depend on the assumed fraction of carbon captured in CCS power plants, as emissions constraints get tighter and the carbon price rises. Adding options for higher capture fractions or offsetting uncaptured emissions leads to greater deployment of CCS than in the 2∘C base case. We provide a sensitivity analysis by making favorable assumptions for CCS, nuclear and renewables. We also explore regional differences in the deployment of CCS. We find that US and Europe mostly rely on gas CCS, whereas China relies on coal CCS and India pursues both options. We also assess how these projections align with assessment of CO2 storage potential, and find that storage potential is larger than storage demand at both global and regional scales. Ultimately, we find that under stringent mitigation scenarios, the power sector relies on a mix of technological options, and the conditions that favor a particular mix of technologies differ by region.

Suggested Citation

  • Jennifer Morris & Haroon Kheshgi & Sergey Paltsev & Howard Herzog, 2021. "Scenarios For The Deployment Of Carbon Capture And Storage In The Power Sector In A Portfolio Of Mitigation Options," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 12(01), pages 1-29, February.
    • Handle: RePEc:wsi:ccexxx:v:12:y:2021:i:01:n:s2010007821500019
    DOI: 10.1142/S2010007821500019
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S2010007821500019
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S2010007821500019?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paltsev, Sergey & Morris, Jennifer & Kheshgi, Haroon & Herzog, Howard, 2021. "Hard-to-Abate Sectors: The role of industrial carbon capture and storage (CCS) in emission mitigation," Applied Energy, Elsevier, vol. 300(C).
    2. Gurgel, Angelo & Mignone, Bryan K. & Morris, Jennifer & Kheshgi, Haroon & Mowers, Matthew & Steinberg, Daniel & Herzog, Howard & Paltsev, Sergey, 2023. "Variable renewable energy deployment in low-emission scenarios: The role of technology cost and value," Applied Energy, Elsevier, vol. 344(C).
    3. Y.-H. Henry Chen & Erik Ens & Olivier Gervais & Hossein Hosseini & Craig Johnston & Serdar Kabaca & Miguel Molico & Sergey Paltsev & Alex Proulx & Argyn Toktamyssov, 2022. "Transition Scenarios for Analyzing Climate-Related Financial Risk," Discussion Papers 2022-1, Bank of Canada.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ccexxx:v:12:y:2021:i:01:n:s2010007821500019. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/cce/cce.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.