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The current state of CCS: Ongoing research at the University of Cambridge with application to the UK policy framework

Author

Listed:
  • Daniels, K.A.
  • Huppert, H.E.
  • Neufeld, J.A.
  • Reiner, D.

Abstract

The Earth's climate is changing and the release of carbon dioxide (CO2) is recognised as the principal cause. To meet legally binding targets, UK GHG emissions need to be cut by at least 80% of the 1990 levels by 2050. With an increase in future fossil fuel use, Carbon Capture and Storage (CCS) is the only method of meeting these targets. Some key challenges face the deployment of CCS including cost, uncertainty of CCS deployment, the risks of long-term CO2 storage, public communication and scale. Research at the University of Cambridge is resolving these issues and assisting the deployment of CCS technology. The right regulatory framework also needs to be set so that the technology is commercially deployed. The current UK policy framework for CCS is outlined in this document and the immediate barriers to deployment are highlighted. The ongoing CCS research taking place primarily at the University of Cambridge is described. There are many steps that need to be taken if CCS deployment is to ultimately succeed; this document attempts to highlight these steps and address them.

Suggested Citation

  • Daniels, K.A. & Huppert, H.E. & Neufeld, J.A. & Reiner, D., 2012. "The current state of CCS: Ongoing research at the University of Cambridge with application to the UK policy framework," Cambridge Working Papers in Economics 1257, Faculty of Economics, University of Cambridge.
  • Handle: RePEc:cam:camdae:1257
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    File URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1257.pdf
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    References listed on IDEAS

    as
    1. Liang, Xi & Reiner, David & Li, Jia, 2011. "Perceptions of opinion leaders towards CCS demonstration projects in China," Applied Energy, Elsevier, vol. 88(5), pages 1873-1885, May.
    2. McFarland, J. R. & Reilly, J. M. & Herzog, H. J., 2004. "Representing energy technologies in top-down economic models using bottom-up information," Energy Economics, Elsevier, vol. 26(4), pages 685-707, July.
    3. Johnson, Timothy L. & Keith, David W., 2004. "Fossil electricity and CO2 sequestration: how natural gas prices, initial conditions and retrofits determine the cost of controlling CO2 emissions," Energy Policy, Elsevier, vol. 32(3), pages 367-382, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Climate change; atmospheric greenhouse gas emissions; Carbon Capture and Storage (CCS); the CCS Roadmap; Electricity Market Reform; Carbon Capture Technologies; Carbon Sequestration; storage reservoir processes;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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