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Learning through a portfolio of carbon capture and storage demonstration projects

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  • David M. Reiner

    (Judge Business School, University of Cambridge)

Abstract

Carbon dioxide capture and storage (CCS) technology is considered by many to be an essential route to meet climate mitigation targets in the power and industrial sectors. Deploying CCS technologies globally will first require a portfolio of large-scale demonstration projects. These first projects should assist learning by diversity, learning by replication, de-risking the technologies and developing viable business models. From 2005 to 2009, optimism about the pace of CCS rollout led to mutually independent efforts in the European Union, North America and Australia to assemble portfolios of projects. Since 2009, only a few of these many project proposals remain viable, but the initial rationales for demonstration have not been revisited in the face of changing circumstances. Here I argue that learning is now both more difficult and more important given the slow pace of deployment. Developing a more coordinated global portfolio will facilitate learning across projects and may determine whether CCS ever emerges from the demonstration phase.

Suggested Citation

  • David M. Reiner, 2016. "Learning through a portfolio of carbon capture and storage demonstration projects," Nature Energy, Nature, vol. 1(1), pages 1-7, January.
    • Handle: RePEc:nat:natene:v:1:y:2016:i:1:d:10.1038_nenergy.2015.11
    DOI: 10.1038/nenergy.2015.11
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