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Optimal selection of different CCS technologies under CO2 reduction targets

Author

Listed:
  • Huanan Li

    (Beijing Institute of Technology
    Beijing Institute of Technology
    Collaborative Innovation Center of Electric Vehicles in Beijing
    Sustainable Development Research Institute for Economy and Society of Beijing)

  • Quande Qin

    (Shenzhen University
    Beijing Institute of Technology
    Beijing Institute of Technology)

Abstract

In China, carbon capture and storage (CCS) is recognized as one of the most promising technologies through which to achieve a large reduction in CO2 emissions in future. The choice among different CCS technologies is critical for large-scale applications. With the aim of developing instructive policy suggestions for CCS development, this study proposed an interval programming model to select the optimal CCS technology among the different CCS technologies available in China. The analysis results indicate that the selection of CO2 capture technologies should be based on the actual situation of the project and industry being targeted. If the government implements mandatory CO2 emission reductions, storage in deep saline aquifers is the optimal choice for CO2 sequestration when oil prices are low and the number of available CO2 emission permits is large. In contrast, enhanced oil recovery is the optimal choice when oil prices increase and the availability of CO2 emission permits decreases. It is critical that the government reduce the operating cost and the cost of CO2 capture in particular.

Suggested Citation

  • Huanan Li & Quande Qin, 2017. "Optimal selection of different CCS technologies under CO2 reduction targets," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 88(2), pages 1197-1209, September.
    • Handle: RePEc:spr:nathaz:v:88:y:2017:i:2:d:10.1007_s11069-017-2914-3
    DOI: 10.1007/s11069-017-2914-3
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