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Coal and Gas - From Cradle to Grave with Carbon Capture and Storage

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  • Steinkraus, Arne

Abstract

Existing studies on Carbon Capture and Storage (CCS) only focus on costs and carbon dioxide (CO2 ) reduction that arise at the power plant and geological storage. These studies do not consider additional expenses and emissions at the input and output pathways. Consequently, we use a simulation model containing input data from different studies to estimate the cradle-to-grave costs of avoided carbon dioxide. We show that the true costs vary between 70 and 90 US-Dollars per ton of CO2 . Additional sensitivity analyses support the results because they are robust against different parameter adjustments. Because it is not evident whether CCS is an efficient mitigation option, it is compared to a variety of renewable energy sources. Thus, it is cheaper to avoid one ton of CO2 by means of wind energy, but costs arising from the use of solar energy are much higher.

Suggested Citation

  • Steinkraus, Arne, 2015. "Coal and Gas - From Cradle to Grave with Carbon Capture and Storage," Economics Department Working Paper Series 14, Technische Universität Braunschweig, Economics Department.
    • Handle: RePEc:zbw:tbswps:14
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    File URL: https://www.econstor.eu/bitstream/10419/110904/1/WorkingPaper_14.pdf
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    References listed on IDEAS

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    3. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    4. Gibbins, Jon & Chalmers, Hannah, 2008. "Carbon capture and storage," Energy Policy, Elsevier, vol. 36(12), pages 4317-4322, December.
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    Cited by:

    1. Christian Leßmann & Arne Steinkraus, 2016. "Climate Notes: “Carbon Capture and Storage” – What is the Cost of Cutting Emissions?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(05), pages 51-54, March.

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    More about this item

    Keywords

    CCS; Cradle-to-Grave; climate change; coal; gas; efficiency analysis;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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