Carbon Capture and Storage (CCS) Technologies and Economic Investment Opportunities in the UK
AbstractThis article reviews the role played by carbon and capture (CCS) technologies in order to facilitate the transition to low-carbon emitting technologies in the medium term. More precisely, we address the following central questions: how will the development of CCS technologies impact energy policies in order to yield to sustainable energy solutions? At what costs will pollution reductions be achieved? And most importantly, which CCS technologies will turn out to offer the most effective and efficient solution to handle the challenge of the increased demand for energy within the context of the climate change? We critically assess the technology readiness levels of various CCS technologies – post-combustion capture, pre-combustion capture, amine scrubbing, oxyfuel, integrated gasification combined cycle, calcium looping and chemical looping – based on the best available evidence to date.
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Date of creation: 2010
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Carbon Capture and Storage; Technology Readiness; Climate Policy;
Other versions of this item:
- Julien Chevallier, 2010. "Carbon capture and storage (CCS) technologies and economic investment opportunities in the UK," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 12(3), pages 252-265.
- Chevallier, Julien, 2010. "Carbon Capture and Storage (CCS) Technologies and Economic Investment Opportunities in the UK," Economics Papers from University Paris Dauphine 123456789/4607, Paris Dauphine University.
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-28 (All new papers)
- NEP-ENE-2010-03-28 (Energy Economics)
- NEP-ENV-2010-03-28 (Environmental Economics)
- NEP-RES-2010-03-28 (Resource Economics)
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- Lai, N.Y.G. & Yap, E.H. & Lee, C.W., 2011. "Viability of CCS: A broad-based assessment for Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3608-3616.
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