IDEAS home Printed from https://ideas.repec.org/p/zbw/hwwadp/26279.html
   My bibliography  Save this paper

On the Integration of Carbon Capture and Storage into the International Climate Regime

Author

Listed:
  • Bode, Sven
  • Jung, Martina

Abstract

As GHG emissions did not decline as anticipated early of the 1990ties Carbon Capture and Storage (CCS) recently gained more and more attention as a climate change mitigation option. However, CO2 suppressed in geological reservoirs is likely to lead to future releases of the CO2 stored. This „non-permanence“ must be considered if an environmentally sound policy is desired. Against this background, the present article analyses a potential integration of CCS in the international climate regime. It is based on existing rules and modalities regarding non-permanence of sequestration in the Land use, Land-use change and Forestry (LULUCF) sector. Interestingly, the experience from LULUCF has almost completely been neglected during the discussion on CCS. We argue that CCS can only be accounted for in a transparent and comprehensive way, if it is considered a „removal“ (or „sink“) activity. This is, however, incompatible with the current UNFCCC rules and definitions. Consequently, they would have to be changed. Accounting and problems of cross-border projects are discussed. They arise due to the potential geographical separation of capture and storage site. Furthermore, an economic analysis is conducted considering the consequences of non-permanent storage. We apply the tCER approach for LULUCF projects which has already been agreed upon during the international climate negotiations. It may thus form the basis for CCS, too. The study suggests that CCS is probably not as attractive as widely claimed.

Suggested Citation

  • Bode, Sven & Jung, Martina, 2004. "On the Integration of Carbon Capture and Storage into the International Climate Regime," HWWA Discussion Papers 303, Hamburg Institute of International Economics (HWWA).
    • Handle: RePEc:zbw:hwwadp:26279
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/19275/1/303.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dutschke, Michael & Schlamadinger, Bernhard & Wong, Jenny L.P. & Rumberg, Michael, 2004. "Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation," Discussion Paper Series 26347, Hamburg Institute of International Economics.
    2. Jung, Martina, 2004. "The History of Sinks - An Analysis of Negotiating Positions in the Climate Regime," Discussion Paper Series 26339, Hamburg Institute of International Economics.
    3. Booras, G.S. & Smelser, S.C., 1991. "An engineering and economic evaluation of CO2 removal from fossil-fuel-fired power plants," Energy, Elsevier, vol. 16(11), pages 1295-1305.
    4. Dutschke, Michael & Schlamadinger, Bernhard & Wong-Leung, Jenny P. & Rumberg, Michael, 2004. "Value and Risks of Expiring Carbon Credits from CDM Afforestation and Reforestation," HWWA Discussion Papers 290, Hamburg Institute of International Economics (HWWA).
    5. Jung, Martina, 2004. "The History of Sinks: An Analysis of Negotiating Positions in the Climate Regime," HWWA Discussion Papers 293, Hamburg Institute of International Economics (HWWA).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andreas Tjernshaugen, 2008. "Political commitment to CO 2 capture and storage: evidence from government RD&D budgets," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 13(1), pages 1-21, January.
    2. Stefan Grönkvist & Kenneth Möllersten & Kim Pingoud, 2006. "Equal Opportunity for Biomass in Greenhouse Gas Accounting of CO 2 Capture and Storage: A Step Towards More Cost-Effective Climate Change Mitigation Regimes," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 11(5), pages 1083-1096, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bode, Sven & Jung, Martina, 2004. "On the Integration of Carbon Capture and Storage into the International Climate Regime," Discussion Paper Series 26279, Hamburg Institute of International Economics.
    2. Jaiswal, Sreeja & R., Goutham & Devashali, Charu Chandra, 2022. "Climate Change Policy in Agriculture, Forestry, and Other Land Use: An Argument for Equity," Review of Agrarian Studies, Foundation for Agrarian Studies, vol. 12(2), December.
    3. Arcusa, Stephanie & Hagood, Emily, 2023. "Definitions and mechanisms for managing durability and reversals in standards and procurers of carbon dioxide removal," OSF Preprints 6bth5, Center for Open Science.
    4. Pajot, Guillaume, 8. "Carbon credits and the forest sector," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 41, May.
    5. Sven Bode & Martina Jung, 2006. "Carbon dioxide capture and storage—liability for non-permanence under the UNFCCC," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(2), pages 173-186, June.
    6. Chisholm, Ryan A., 2010. "Trade-offs between ecosystem services: Water and carbon in a biodiversity hotspot," Ecological Economics, Elsevier, vol. 69(10), pages 1973-1987, August.
    7. Emma Paulsson, 2009. "A review of the CDM literature: from fine-tuning to critical scrutiny?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(1), pages 63-80, February.
    8. Delacote, Philippe & Palmer, Charles & Bakkegaard, Riyong Kim & Thorsen, Bo Jellesmark, 2014. "Unveiling information on opportunity costs in REDD: Who obtains the surplus when policy objectives differ?," Resource and Energy Economics, Elsevier, vol. 36(2), pages 508-527.
    9. Wim Carton & Adeniyi Asiyanbi & Silke Beck & Holly J. Buck & Jens F. Lund, 2020. "Negative emissions and the long history of carbon removal," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 11(6), November.
    10. Haraden, John, 1992. "The status of hot dry rock as an energy source," Energy, Elsevier, vol. 17(8), pages 777-786.
    11. Vlachou, Andriana & Vassos, Spyros & Andrikopoulos, Andreas, 1996. "Energy and environment: Reducing CO2 emissions from the electric power industry," Journal of Policy Modeling, Elsevier, vol. 18(4), pages 343-376, August.
    12. Page, S.C. & Williamson, A.G. & Mason, I.G., 2009. "Carbon capture and storage: Fundamental thermodynamics and current technology," Energy Policy, Elsevier, vol. 37(9), pages 3314-3324, September.
    13. Saraf, Shubham & Bera, Achinta, 2021. "A review on pore-scale modeling and CT scan technique to characterize the trapped carbon dioxide in impermeable reservoir rocks during sequestration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    14. Howard J. Herzog, 1996. "CO2 Mitigation Strategies: Perspectives on the Capture and Sequestration Option," Energy & Environment, , vol. 7(2), pages 223-236, March.
    15. Tzimas, Evangelos & Peteves, Stathis D., 2005. "The impact of carbon sequestration on the production cost of electricity and hydrogen from coal and natural-gas technologies in Europe in the medium term," Energy, Elsevier, vol. 30(14), pages 2672-2689.
    16. Bai, Hsunling & Wei, Jong-Hourm, 1996. "The CO2 mitigation options for the electric sector. A case study of Taiwan," Energy Policy, Elsevier, vol. 24(3), pages 221-228, March.
    17. Tao Wang & Wei Yu & Mengxiang Fang & Hui He & Qunyang Xiang & Qinhui Ma & Menglin Xia & Zhongyang Luo & Kefa Cen, 2015. "Wetted‐wall column study on CO 2 absorption kinetics enhancement by additive of nanoparticles," Greenhouse Gases: Science and Technology, Blackwell Publishing, vol. 5(5), pages 682-694, October.
    18. Vassos, Spyros & Vlachou, Andriana, 1997. "Investigating strategies to reduce CO2 emissions from the electricity sector: the case of Greece," Energy Policy, Elsevier, vol. 25(3), pages 327-336, February.

    More about this item

    Keywords

    Carbon Dioxide Capture and Storage; Permanence; Sequestration; LULUCF; Climate Policy;
    All these keywords.

    JEL classification:

    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:hwwadp:26279. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/hwwaade.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.