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From Expert Elicitations to Integrated Assessment: Future Prospects of Carbon Capture Technologies

Author

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  • Ricci, Elena Claire
  • Bosetti, Valentina
  • Baker, Erin
  • Jenni, Karen E.

Abstract

This paper analyzes the future prospects of carbon capture technologies. The first part of the analysis presents and discusses the results of an expert elicitation survey on a broad range of carbon capture options. The survey collected probabilistic estimates on the future values of energy penalty under three different scenarios of R&D investments and climate policies from twelve leading European experts from both academia and industry. In the second part of the analysis, the elicitation results are used as input to an integrated assessment model. This allows us to evaluate the potentials of success of this technology within a broad mitigation portfolio of options and under different policy assumptions, in an intertemporal optimizing setting. Both parts of the work provide results that are of interest to policy-makers, integrated-assessment and energy modelers.

Suggested Citation

  • Ricci, Elena Claire & Bosetti, Valentina & Baker, Erin & Jenni, Karen E., 2014. "From Expert Elicitations to Integrated Assessment: Future Prospects of Carbon Capture Technologies," Climate Change and Sustainable Development 172451, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemcl:172451
    DOI: 10.22004/ag.econ.172451
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    Cited by:

    1. Elena Verdolini & Laura Díaz Anadón & Erin Baker & Valentina Bosetti & Lara Aleluia Reis, 2018. "Future Prospects for Energy Technologies: Insights from Expert Elicitations," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 133-153.

    More about this item

    Keywords

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    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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