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On the Integration of Carbon Capture and Storage into the International Climate Regime

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  • Bode, Sven
  • Jung, Martina

Abstract

As GHG emissions did not decline as anticipated early of the 1990ties Carbon Capture and Storage (CCS) recently gained more and more attention as a climate change mitigation option. However, CO2 suppressed in geological reservoirs is likely to lead to future releases of the CO2 stored. This „non-permanence“ must be considered if an environmentally sound policy is desired. Against this background, the present article analyses a potential integration of CCS in the international climate regime. It is based on existing rules and modalities regarding non-permanence of sequestration in the Land use, Land-use change and Forestry (LULUCF) sector. Interestingly, the experience from LULUCF has almost completely been neglected during the discussion on CCS. We argue that CCS can only be accounted for in a transparent and comprehensive way, if it is considered a „removal“ (or „sink“) activity. This is, however, incompatible with the current UNFCCC rules and definitions. Consequently, they would have to be changed. Accounting and problems of cross-border projects are discussed. They arise due to the potential geographical separation of capture and storage site. Furthermore, an economic analysis is conducted considering the consequences of non-permanent storage. We apply the tCER approach for LULUCF projects which has already been agreed upon during the international climate negotiations. It may thus form the basis for CCS, too. The study suggests that CCS is probably not as attractive as widely claimed.

Suggested Citation

  • Bode, Sven & Jung, Martina, 2004. "On the Integration of Carbon Capture and Storage into the International Climate Regime," HWWA Discussion Papers 303, Hamburg Institute of International Economics (HWWA).
    • Handle: RePEc:zbw:hwwadp:26279
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    References listed on IDEAS

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    1. Dutschke, Michael & Schlamadinger, Bernhard & Wong, Jenny L.P. & Rumberg, Michael, 2004. "Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation," Discussion Paper Series 26347, Hamburg Institute of International Economics.
    2. Jung, Martina, 2004. "The History of Sinks - An Analysis of Negotiating Positions in the Climate Regime," Discussion Paper Series 26339, Hamburg Institute of International Economics.
    3. Booras, G.S. & Smelser, S.C., 1991. "An engineering and economic evaluation of CO2 removal from fossil-fuel-fired power plants," Energy, Elsevier, vol. 16(11), pages 1295-1305.
    4. Dutschke, Michael & Schlamadinger, Bernhard & Wong-Leung, Jenny P. & Rumberg, Michael, 2004. "Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation," HWWA Discussion Papers 290, Hamburg Institute of International Economics (HWWA).
    5. Jung, Martina, 2004. "The History of Sinks: An Analysis of Negotiating Positions in the Climate Regime," HWWA Discussion Papers 293, Hamburg Institute of International Economics (HWWA).
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    Cited by:

    1. Stefan Grönkvist & Kenneth Möllersten & Kim Pingoud, 2006. "Equal Opportunity for Biomass in Greenhouse Gas Accounting of CO 2 Capture and Storage: A Step Towards More Cost-Effective Climate Change Mitigation Regimes," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 11(5), pages 1083-1096, September.
    2. Andreas Tjernshaugen, 2008. "Political commitment to CO 2 capture and storage: evidence from government RD&D budgets," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 13(1), pages 1-21, January.

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    More about this item

    Keywords

    Carbon Dioxide Capture and Storage; Permanence; Sequestration; LULUCF; Climate Policy;
    All these keywords.

    JEL classification:

    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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